July 15, 2019
The oil markets have taken on a more positive tone in the last month as inventories are experiencing large drawdowns, OPEC has decided to restrict production through the end of […]
June 13, 2019
Over the last month, many factors have affected the general markets and the energy markets. Among these are trade wars, immigration issues and worries about slower growth. They have put […]
May 10, 2019
The oil market scenario played out much as we anticipated in last month’s letter. As prices rose in the early part of the month, so did the market. The market […]
April 17, 2019
The oil markets continued to firm over the past month with WTI prices back above $60/bbl. We have regularly used $60 as a long term target for domestic oil prices […]
March 14, 2019
The price of West Texas Intermediate (WTI) is now hovering around $57/bbl., not far from our long price target of $60. We have long said that a price of $60 […]
January 25, 2019
January 9, 2019: Review of 2018 2018 started with the energy markets still recovering from the shocks of the massive price declines of 2014 and 2015 and OPEC attempts to nurse […]
December 14, 2018
December 12, 2018 Dear Partners, Oil prices have continued to decline, creating a disproportionate impact on most oil related shares. As I mentioned last month, the price of oil and […]
November 8, 2018
November 8, 2018 Dear Partners, Oil prices reversed trend after many weeks of climbing. During October, both Saudi Arabia and Russia increased production to levels that the market believed would […]
October 9, 2018
October 9, 2018 Dear Partners, Oil prices have been pushing higher over the past few weeks because of a tightening of supply and looming sanctions on Iran’s oil output. It […]
September 5, 2018
September 5, 2018 Dear Partners, The U. S. oil and gas markets had a constructive month in August. Oil prices were firm, backed by a steady draw down of inventories […]