The upcoming OPEC meeting promises to be the most interesting one since 2016. Why? … More Is The Upcoming OPEC Meeting Going to Change Anything?
Anti-pipeline activism has turned contentious, with emotions flaring and politicians scrambling. … More Canadians Should Do The World a Favor by Building Pipelines
Trump’s decision on May 8 to pull out of the Iran nuclear deal will have far reaching impacts. The decision has never been far from the realm of possibility but it is somewhat surprising he did not leave room for negotiating a “better deal”. … More The Second Order Effect of Iran Nuclear Deal Unraveling
Markets in the first few months were kind to journalists/analysts and global macro traders alike. Recently, trading themes developed so rapidly they created too much overlapping effect. … More Signal Overload: Market in Transition
Over the past few months on Wall Street, firm after firm has issued analyses that point to the new dawn of commodities in 2018 and beyond. At the risk of sounding cliché, we agree. In fact, since May of 2017…. … More Who’s Afraid of Volatility? Commodities to Shine in 2018
High refinery utilization is supporting WTI price but demand is not quite sufficient as evidenced by gasoline inventory building. Couple that with very high long spec positioning, oil prices may see short term weakness. Natgas price has been boosted by weather but production is ramping up in North America so it is vulnerable to a … More Energy Charts – January 29, 2018
2017 was the year of Bitcoin (and Trump). One can hardly turn left without hearing about them. While fundamentally I believe in block chain technology and bitcoin’s long term viability… … More Seven Years In, Bitcoin is As Confusing As Ever