Oil & Energy Investor by Dr. Kent Moors

A “Teeth-Chattering” Winter Is Coming: Profit While You Hibernate

by | published December 8th, 2018

We’ve had a difficult time of it in the oil world recently as we tumble through a massive market selloff at large.

At the beginning of November, we experienced the steepest drop in oil prices since 2015, and in the days since, the charts continued to drop significantly.

This has created an unpleasant – but not entirely unexpected – downward mountain slope.

Learning to Dance the Viennese Two-Step

by | published December 7th, 2018

For the past 24 hours, all eyes in the energy sector have been transfixed on Vienna.

Once again, what I have come to call the “Viennese two-step” at OPEC headquarters will translate into crude oil prices moving in the near term.

It also means I get little sleep as the networking among sources is in high gear – not exactly what I need after 22 hours of flights back from Singapore, but the intrigue here beats out jet lag.

The first step on the dance floor is what appears publicly in the press statements coming from the cartel. The second, on the other hand, is the net impact on actual volume in the market.

This latter step often plays out below the surface.

As I write this early on Friday, the world is once again awaiting a move from OPEC in conjunction with primary outside member Russia to bolster global crude oil prices.

The market briefly panicked yesterday when the cartel supposedly finished its meeting without a statement. However, this time around, several of the seasoned TV talking heads had this one right.

OPEC needs the support of Russia to reach an acceptable cut in worldwide production. And the Russian Energy Minister Alexander Novak didn’t even land in Vienna until last evening.

Here is what my Saudi, Russian, and Europeans sources are telling me