Commodities’ long only strategies have been dismal over the past decade, but not last year… Here is Blackrock:
Daniel Yergin on CNBC…
The interview is here… For the last year, year and a half, it’s been OPEC+ running the show, but U.S. production is coming back
Mexico to stop exporting oil in 2023… Bloomberg
Amy Stillman, Bloomberg, writes: “Mexico plans to end crude oil exports in 2023 as part of a strategy by the nationalist government of Andres
Venezuela’s oil production increases… Reuters
Marianna Parraga, Reuters, has a nice piece on Reuters, here… ”Venezuela this year almost doubled its oil production from last year's decades-low
Two podcasts I liked…
I enjoyed this podcast very much… https://podcasts.apple.com/us/podcast/masters-in-business/id730188152?i=1000545298657 Bloomberg Opinion
Gas, power prices in Europe… WSJ
Joe Wallace, Wall Street Journal, has a nice piece on energy prices in Europe, here… ”Cold-weather forecasts launched natural-gas prices to record
IEA, EIA supply/demand balances…
Monthly oil reports for December from the IEA and the EIA agree that stocks will build next year, the IEA is looking for larger builds…
Money managers net energy positions… Kemp
John Kemp, Reuters, updates positions by money managers in energy, here… No surprise…
Shale getting stingy?… Rystad
Rystad Energy has a nice piece on reinvestment rates in shale, here… ”Reinvestment rates among US shale oil producers hit an all-time low in the