U.S. oil and gas drillers are defying freezing temperatures. The latest data from Baker Hughes reveals 621 active drilling rigs this month. That’s one more additional drill from the last count on January 19. Now, of course, according to data from the consultancy firm Primary Vision, the frac spread count — which serves as an…
The Red Sea crisis initially created a buzz around an oil rally in 2024. Sure, oil posted some gains after the Houthi attacks started last year. But the supply disruption didn’t have a massive impact on the market. And now, the potential for volatility has reduced significantly thanks to… Growing U.S. oil production ahead of…
Here’s another interesting development for energy traders. With over one million solar roofs installed since 2019, California leads the U.S. in solar power capacity thanks to policies that helped rooftop solar flourish. But now, the Golden State’s once-promising solar market is in dire straits. First: A policy shift slashing the state’s rooftop solar incentive program…
BlackRock recently warned of resurging inflation in the months ahead. This suggests a repeat of 2022 could be underway. And frankly, you’re not alone if you were forced to raid your retirement savings due to inflationary pressure. But suppose BlackRock is right; what side of the story will you end up on? Many traders will…
You ever wondered if there’s more to the energy market than meets the eye? My brief analysis of an unfolding shale scandal gives new insight that could reshape your trading strategy and grow your bottom line in the weeks ahead. The story involves a lawsuit filed in a Las Vegas federal court. The goal is…
From North Dakota to Texas…. The recent winter storm has impacted U.S. oil production more than expected. But it’s also created unique opportunities you can tap into today. More on that shortly, but first… Consider TotalEnergy’s Port Arthur facility in Texas. The refinery, a major player in the energy sector, has experienced a complete power…
A historic hydrogen project is on the horizon. And it could have a significant impact on the transition to clean energy. Here’s the story: You know Mitsubishi Motors, right? The Japanese automaker is poised to invest $690 million (over 100 billion Japanese Yen) in what could be the world’s largest green hydrogen project. It’s called…
The S&P 500 recently posted nine weeks of consecutive gains. That’s about a 63-day winning streak. Something the index hasn’t experienced since the 2004 bull market. And it’s all thanks to investor sentiment around two critical factors: Possible interest rate cuts by the Federal Reserve. Resilient economic growth over the next twelve months. Of course,…
The global energy market has always been a dynamic chess game. And it can be tricky keeping your fingers on the pulse of the industry. There’s always a geopolitical crisis, global financial scare, or supply-chain snarl. But one way to stay ahead is to pay attention what stakeholders are doing. Consider Russia’s oil exports in…
The crude oil market has always been my favorite asset class. It helped me make my first million as a full-time trader. And over a decade later, it’s still the #1 instrument I rely on for six-figure victories. For some reason, I haven’t been writing as much about oil as I’d love to. But as…
