Around the World in Energy News

by | published September 22nd, 2018

It’s been a busy week for the energy industry – I’ve had to work hard to keep up with it.

The general consensus, however, is extremely encouraging. I can tell you that in most facets of the energy industry, things are looking up and stable.

Oil prices have begun to recover, with global oil benchmark Brent closing just below $80 a barrel last week, and U.S. benchmark West Texas Intermediate (WTI) topping $71 a barrel.

We haven’t seen prices like these since the highs back in May and June, and it’s a nice relief from the volatility we’ve been experiencing.

The reason for this rise, as it so often is, is geopolitics.

With Venezuela moving faster than ever to an inevitable financial collapse (note that Venezuela is the nation with the biggest known oil reserves), and civil unrest in Libya and Nigeria – two other oil countries – oil supply has been tightening.

The result is very encouraging higher oil prices.

That’s not to mention the headlines that Beijing and Moscow have been generating these days, after several unprecedented friendly meetings and agreements.

China and Russia have begun military exercises – but we’re not keeping quiet.

The main roundup in the energy world, however, has been focused on the liquefied natural gas (LNG) trade…

Here’s How to Play the Next Oil Wave

by | published September 20th, 2018

Crude oil prices are rising again.

Much to the relief of oil investors.

The rise has been reflected both by the West Texas Intermediate (WTI), the benchmark used for futures contracts set on New York, and Brent, the equivalent set daily in London.

As of close of trade yesterday – which happens at 2:30 for oil – WTI was at $71.12 a barrel, the highest since July 10. Meanwhile, Brent closed slightly higher at $79.23.

I have previously addressed the main reasons for why the price is moving up here in Oil and Energy Investor, and for some time now, the supply side of the market balance has been tightening.

Thanks to this, there is something interesting stirring in the oil sector – something that manifested in a recommendation to my Energy Inner Circle premium subscribers not 24 hours ago.

I don’t often do this, but this is a fast-track recommendation I’m including in Oil & Energy Investor today, because you’re not going to want to miss out on this…

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