WoodMac Oil Price

Insights on Oil Market by Ann-Louise Hittle – Vice President @WoodMackenzie

[WoodMac Oil Price @WMALHittle]

@TomKloza Hi Tom, sending you condolences. Losing a dog or cat leaves such a huge gap in our lives. You described it so well — the difference in life span as a deep injustice.

[Bill Gates @BillGates]

This next-generation nuclear facility will be a win for the local economy, America’s energy independence, and the fight against climate change. https://t.co/u9P7uB64vQ

[WoodMac Oil Price @WMALHittle]

last year's driver of inflation is no longer one -- oil prices are down from a year ago

[Business Insider @BusinessInsider]

Why does everything cost so much? Because businesses are "hiding behind inflation to jack up prices."
@julianamkaplan dissects "greedflation." ⬇️ #longreads
https://t.co/q10Oj0elrb

[Callum Thomas @Callum_Thomas]

Austria Manufacturing PMI dropped to recessionary levels in April -- should we be concerned?

Some might argue that it's just one country and it's only one month's data, but an interesting paragraph in the press release caught my eye:

"Contributing to the decline in the headline PMI in April was a sharp and accelerated reduction in new orders, the most marked since November last year. Around 41% of firms reported a drop in new work, citing the effects of market uncertainty, high prices and full warehouses amongst customers. New export orders exhibited a similar trend to that of total new business, falling sharply and at the quickest rate in the year-to-date."

These are global issues
-cost pressures
-high inventories
-softer global trade

When I look at the 23 different leading economic indicators I track globally, and notice that they all point to recession -- it seems a fairly straightforward conclusion...

[Ellen R. Wald Ph.D.🛢 @EnergzdEconomy]

@GasBuddyGuy @WMALHittle and in the meantime, its coal to the rescue!

[Robert Clarke @RobertClarke_WM]

And XOM today too. Another quarterly Permian production high. Intentionally building DUCs as well.

[Patrick De Haan @GasBuddyGuy]

No wonder China is pushing so hard into nuclear fusion… the acceleration here should be noted against global oil demand growth.

[Joe Weisenthal @TheStalwart]

From McDonald's CEO Chris Kempczinski, this is the key macro indicator to watch:

[Nader Itayim | ‌‌نادر ایتیّم @ncitayim]

Some context: 1.45mn litres is around 9,000 bls. This is VERY minor. #oott
https://t.co/TCy53HXMAR

[WoodMac Oil Price @WMALHittle]

@DavidInglesTV elephants!

[Anna Jacobs Khalaf @AnnaLeaJacobs]

“At least five mem­bers of the Arab League, in­clud­ing Mo­rocco, Kuwait, Qatar and Yemen, are re­fus­ing to read­mit Syria into the group, the Arab of­fi­cials say. Even Egypt…is push­ing back, they added.” ⁦@WSJ⁩ https://t.co/hp2obbBvvD

[Anna Jacobs Khalaf @AnnaLeaJacobs]

“Saudi Arabia will host a meeting of regional foreign ministers on Friday to discuss Syria's return to the Arab League, a Qatari official said on Tuesday, adding that an ‘Arab consensus’ plus a ‘change on the ground’ would shift Qatar's position.” https://t.co/UZlDzSEFsu

[OPEC @OPECSecretariat]

OPEC SG HE #HaithamAlGhais met with HE Mikhail Ulyanov, Ambassador of the Russian Federation to Austria and the Permanent Representative to International Organizations in Vienna, to discuss the ongoing oil market stabilization efforts under the ‘Declaration of Cooperation’, …

[WoodMac Oil Price @WMALHittle]

Biden administration proposing US emission rules that will force automakers to sell 2 out of 3 cars and light trucks as EVs by 2032, well beyond rosiest EV forecasts. US consumers pushed to EVs.

[WoodMac Oil Price @WMALHittle]

@RussInCheshire @BobbyRackesh What a great laugh I had looking at your photos, videos and the commentary. Priceless. Thanks

[عبدالعزيز المقبل @AzizSapphire]

The JMMC meeting minutes !

البيان الختامي للاجتماع الوزاري لمجموعة أوبك+ و الذي أكد على الخفض الطوعي كإجراء احترازي لدعم أسواق النفط العالمية

[Anas Alhajji @anasalhajji]

The total voluntary cut by OPEC+ members might add up to 1.5 mb/d. Information is still sketchy.

#Oil #OPEC #OOTT #COM #EFT

[WoodMac Oil Price @WMALHittle]

@SpotMonthEnergy @RobertClarke_WM For sure lucky! Thanks Rob for adopting him

[WoodMac Oil Price @WMALHittle]

@RobertClarke_WM He has a sweet expression there and love his blue eyes.

[WoodMac Oil Price @WMALHittle]

@TomTheProducer1 @FXMC1957 @RobertClarke_WM @Ed_Crooks Thank you ! The whole US watched it. Not like today and we all wanted to know who shot JR 🤣