Oil (CRUDE OIL)

US crude production might have reached its peak, hardly enough to counter OPEC’s price increase.

For the first time since its onset, the West has an ally in the oil war against Saudi Arabia and Russia.

Russian revenues from oil are declining not because of sanctions but because of a lack in international demand.

Chevron and other major U.S. oil companies are higher this week despite declines in the overall market.

Saudi Arabia and Russia are acting together to raise oil prices in the West while keeping Russian revenues growing despite sanctions.

For Saudi Arabia, the only reason to stop cutting output to keep prices stable evaporated when it moved away from the US.

The price of oil is back close to the April highs amid the optimism of stock traders. What emerges from the COT and what to expect from the WTI oil price?

China and Russia continue to do business with Russian oil and coal flows to the dragon. New record data demonstrates the strong link between Beijing and Moscow.

Chinese refiners are building additional capacity, with the total expected to reach 19.7 million barrels per day by 2028.

According to Reuters, Indian refiners started using China’s yuan to buy Russian oil. The US dollar is increasingly under scrutiny.