"Exxon Mobil Corp. was demoted from the top credit rating by Standard & Poor’s for the first time since the Great Depression as the collapse of
It’s not working…
Venezuela, that is: "Venezuelan bureaucrats will work two days a week to save electricity in the country facing a deepening energy crisis. Public
Hamilton, Kamin, Strongin on energy prices, NBER…
From the National Bureau of Economic Research: Leading academic, government, and private sector experts examined the economics of global commodities
Implied Volatility Chart, Update…
Here is implied volatility for WTI crude oil based on the at the money, second nearby option: Friday settled at 40.1...
Top Performing Equity Markets, YTD… The Economist
The top performing equity markets in 2016 from those listed in the back of the Economist magazine are Brazil, 38.2%; Columbia, +30.3%; Russia, +24.6%;
Saudi Aramco to Expand Oil Field…. Bloomberg
Bloomberg reports that Saudi Aramco is increasing output capacity in the Shaybah field by 250,000 bpd: "Shaybah’s expansion will help Saudi Aramco,
Hedgers are hedging… WSJ
Oil producers are using the current rally to hedge barrels, but not at desired price levels. The Wall Street Journal reports on some specific
From Today’s Market Report, WSJ
The Wall Street Journal suggests that speculators are buying crude, while fundamental traders expect a pull back once some temporary bullish factors
NY Fed GDP, Inflation, Unemployment Forecasts…
The New York Fed put out an excellent chart book showing their estimates for key macroeconomic variables. Here is GDP: Here is the link to the