ENERGY

Authored by Simon Watkins via OilPrice.com,

• The energy policies of the new U.S. president – Kamala Harris or Donald Trump – will be critical to how wider global events play out in the coming four years.

• The chance of the U.S. economy being in recession within two years of an upcoming election is dramatically increased as the oil price rises.

• During his term in office, President Trump very vigorously sought to enforce a ‘Trump Oil Price Trading Range’ with the lower (more…)

Oil prices have surged overnight following the assassination of Hamas' political leader in Tehran. This geopolitical risk premium surge came on top of an across the board inventory draw reported by API last night.

Traders are watching for confirmation of the drawdown trend in US crude stocks from the official data this morning.

API

• Crude -4.495mm (-3.9mm exp)

• Cushing -929k

• Gasoline -1.917mm (-1.6mm exp)

• Distillates -322k

DOE (more…)

Authored by Tilak Doshi via RealClearEnergy,

Within a day of ex-President Trump’s announcement of “climate denier” Mr. J. D. Vance as the Republican Vice Presidential nominee, the climate industrial complex and supportive mainstream media had the knives out. A few headlines of the past 24 hours are an indication.

• The New York Times: “JD Vance Is an Oil Booster and Doubter of Human-Caused Climate Change”

• The Independent: JD Vance: “Climate activists alarmed by (more…)