Dip in Oil Rigs Drives US Rig Count Down
For the week ending 16/Aug, the US rig count fell by 2 to 586. Oil rig count fell by 2 while the gas rig count rose by 1.US crude output rolled...
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Copper Inventories Back at Pre-Covid Levels & Oil Demand Cuts Everywhere
The world is seeing a major deceleration in oil demand growth led by China, with inventories set to rise next year even if OPEC+ were to postpone...
323 Views
[ETP 2024/33] Oil Lost Gains to Demand Concerns and Unexpected Build in US Inventories
US crude inventories unexpectedly rose, while natural gas inventories fell for the first time since April. Major brokerages lowered target prices...
449 Views
EIA and OPEC Cut Demand Forecasts Amid China Slowdown; EIA Predicts Limited Oil Price Growth
EIA and OPEC cut oil demand forecasts, while OPEC members exceeded supply cut targets in July. EIA foresees rising oil prices in late 2024 despite...
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EM Watch: The Chinese race towards 0% interest rates
Welcome to our Weekly EM Watch, where we look at China and other large EM countries through the lens of Western macro investors. Over the past...
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