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EconMatters

By EconMatters
Declining U.S. Production, the Massive drop in RIG Counts, and robust Demand Growth for 2016 are all bullish fundamentals for the Oil Market heading into the Seasonally Strong part of the Demand Curve from a consumption standpoint.
Rig Count Overview & Summary Count
Area Last Count Count Change from Prior Count Date of Prior Count Change from Last

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By EconMatters We reported last week that BP is facing a revolt from its shareholders over the salary of its CEO Bob Dudley. What happened was BP’s Board approved an executive compensation package including a 20% raise in 2015 to nearly $20 million for its CEO Bob Dudley. Although we do not have the detail of other executive compensations, they…

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By EconMatters
We will have a battle over Sentiment versus the Fundamentals in the Oil Market on Monday. It will be interesting which dynamic moves price once the initial dust of the failed Doha Agreement clears.
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By EconMatters
Saudi Arabia really should negotiate a Production Freeze agreement where Iran can get back to producing 4 Million Barrels per day.
Russia and Saudi Arabia both need to start cutting Oil Production and not just freezing oil production at all time production highs. They should be following what the Shale Industry is doing with regard to production cuts…

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By EconMatters
Does this 30-year old Saudi Prince represent the entire economic and political interests of the Saudi Government? The more he talks, it illustrates the lack of diplomatic seasoning represented by his elders on the world stage. He seems more and more like the Donald Trump of Saudi Arabia who likes the media spotlight, in short an attention whore.…

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By EconMatters
Citi Research fails to address the Fundamentals side of the equation, the Doha Meeting is Meaningless in the overall scope of the Oil Market.
Pay Attention to the declines in U.S. Production over the next 4 Months. Along with the drop in Rig Counts which are at record lows, and the lag effect between the drop in Rig…

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By EconMatters
China Econ Data out tonight at 10:00 p.m. CST including a look at first quarter GDP.
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By EconMatters
Strong Gasoline Demand and another drop in U.S. Oil Production were both positives in the EIA Summary Report. Overall, for this time of year, a pretty healthy Inventory Report as we are still technically in the building season. If imports came in similar to last week`s report and refineries pushed more Gasoline through the system, we would have…

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By EconMatters
We could have a bearish slant to tomorrow`s EIA Report, and some profit taking after today`s rally in the Oil Market. API reports 6.2 Million build in Oil Inventories.
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By EconMatters
Generally I don`t think the Energy stocks are in line with the fundamentals of the sub $60 oil environment. Be patient wait for a market pullback either in the summer or early fall to find value in Energy Stocks.
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By EconMatters
We look at the Electricity Grid in Nigeria and contrast with India`s economic resurgence – illustrating potential growth opportunity for increasing productivity in Nigeria.
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By EconMatters
We look at the “Kiwi”/USD Currency Cross in this video. We delve into the history of the New Zealand currency, with a look at the technical support and resistance levels throughout the last 20 years.
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