Research
Weak refining margins a headwind to higher oil prices
U.S. Gulf Coast margins are at or near seasonal lows as U.S product inventories remain high with the most attractive margins are only yielding $3.80.
Research
OPEC compliance still appears good as Iraq pledges extra cuts
Pledged overdue output cuts could help mitigate rising OPEC oil supply as post-recovery reforms may result in a permanent reduction in global demand.
Research
Cheap LNG pushes India's gas demand above pre-COVID levels
Low prices and a fast recovery are leading demand growth in fertilizer plants and industries, highlighting the increased role of LNG in meeting India’s gas demand.
Research
Triple-leveraged gas ETN's 3,900% premium signals broken pricing
DGAZF traded as much as 3,900% above NAV because market makers lack the ability to create new shares to meet demand, which could harm some investors and the ETF industry's reputation.
Research
Oil price recovery? Be careful when wishing for tighter balances
Domestic oil supply may be on the upswing, but elevated COVID-19 infections and a stronger-than-anticipated second wave may hinder demand as slowed reopenings could limit economic recovery.
Article
Is the gold/silver price ratio an indicator for the equity markets?
The recent uptick in silver prices was foreshadowed by the gold/silver ratio, which has been a reliable barometer for moves in the broader equity indices in 2020.
Market Analysis
Finding the trend in volatile oil markets
Veteran oil traders are looking for fundamental indicators to determine where oil prices go next, and one historically reliable signal has been staffing levels at oil companies.
Market Analysis
Intel and the reshuffle of the semiconductor industry
Bloomberg's Supply Chain Analytics function aggregates 12-month revenue forecasts for Intel Corp.'s suppliers, rivals and customers as the world’s largest chipmaker considers outsourcing production.
Research
Adjusting to a lower plateau, agriculture needs peak greenback
Oversupplied similar to energy, the agriculture sector should consolidate at lower prices and struggle to sustain gains until the dollar peaks, in our view.
Research
$40 crude oil, $2 natural gas: Settling in at lower plateaus
It's a given, in our view, that crude oil and energy demand will rebound, as will production and decarbonization, keeping prices low.