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Total rig count falls below 900 for first time since 2017

FROME: Chron The total tally of U.S. rigs drilling for oil and gas fell below 900 this week for the first time since 2017 as...

Iraq is pumping record oil, creating a ‘fully-blown migraine’ for OPEC’s cutting plans

FROM: CNBC OPEC’s second-largest oil producer hit record production figures in August with an output of 4.88 million barrels per day (bpd), according to the...

Permian Basin natural gas prices up as a new pipeline nears completion

FROM: Eia Natural gas spot prices at the Waha hub in western Texas, located near Permian Basin production, settled at $1.55/million British thermal units (MMBtu)...

OPEC’s Cuts Actually Destabilize Oil Market

FROM: Oil Price Contrary to its official mission to stabilize the oil market, OPEC’s strategy is doing the contrary—the oil production cuts are destabilizing the oil...

Bond Yields Stretched Far From Oil’s Message

FROM: Mcoscillator Back on July 10, I wrote in a Chart In Focus article that there was an “Upturn Ahead for T-Bond Yields”.  And we...
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