oil

  • All-Stars #56 Dr. Anas Alhajji: Oil Market Update (in lieu of ENERGY WEEK)

    Due to panelist travel schedules we were unable to bring you Energy Week this week. This oil market update from Dr. Anas Alhajji will substitute for this week’s ENERGY WEEK podcast. Link: http://bit.ly/2kF32hq

  • Energy Week #10: Inventory data or Tropical Storm? What’s driving the price rally? Alhajji/Shuchart/Berman

    Energy Week episode #10: What’s driving the price rally? Tropical storm in the gulf or massive inventory draw? Also security in Straits of Hormuz and Art v. Anas on data interpretation. Link: http://bit.ly/2LKEOxu

  • Energy Week #14: Mayhem in the Market: China Trade Wars, Forward Curve Fireworks & More! Hemsworth/Berman/Cook

    Energy Week dives into the Trade Wars and other factors driving the energy price collapse, forward curve fireworks, and much more! Panelists Art Berman, Chris Cook and Patricia Hemsworth Link: http://bit.ly/2Yy8fu9

  • Energy Week #16: Abqaiq Processing Facility Attacks and their consequences

    This episode focuses entirely on #Abqaiq attacks and their knock-on consequences and effects. Anas Alhajji is boots-on-the-ground, reporting from Riyadh Saudi Arabia and Joe McMonigle joins us from Washington, DC. Link: http://bit.ly/2lWlqmm

  • John Llewellyn: Economic consequences of the Brexit referendum

    Erik Townsend welcomes John Llewellyn to MacroVoices. Erik and John discuss how the Brexit vote is simply a prelude to a highly uncertain process, polling accuracy and the distinct possibility of Britain exiting the EU, the near-term economic impacts of Brexit on the British economy including lower foreign-direct investment and trade re-negotiations, and much more.

  • Aaron Chan - Works of [Ch]Art: Mall REITs Mauled

  • Art Berman: Comparative Inventory draws spell higher oil prices

    Erik Townsend welcomes back Art Berman to MacroVoices. Erik and Art discuss the comparative inventories on oil and the oil prices responsiveness to the changes in inventories. The further discuss the realization that price recovery takes time and that many refinery intakes have not yet recovered. They further discuss backwardation on WTI, considerations on OPEC-NOPEC production cuts and the global market balance on oil.

  • Art Berman: Crude Oil Special Double Header

    Erik Townsend welcomes Art Berman to MacroVoices. Erik and Art discuss the current oil markets, comparative inventories and OPECs influence on the price. They further put into context on OPEC production cuts and how much new oil is coming from higher prices. They look at the economics on the shale oil fields, perspectives on US oil exports and the general underinvestment in new exploration and development.

  • Art Berman: Crude Oil Special Part 1

    Erik Townsend welcomes back Art Berman to MacroVoices. Erik and Art put perspective on OPEC, the 9-month extension on production cuts and OPEC’s goal to keep a floor under oil prices. They look at the positioning of oil traders since February and the reasons for lower oil prices.

  • Art Berman: Labor Day Weekend Oil Special

    Erik Townsend and Aaron Chan welcome Art Berman to MacroVoices. Erik and Art discuss looking beyond absolute inventory numbers and gleaning insights from comparative inventories, continued time-spread compression reflecting producer hedging or lack of concern for a storage crisis, feedback loop of insanity in inventory builds and production, and much more.

  • Art Berman: Oil Fundamentals Deep Dive Redux

    Arthur Berman largeErik Townsend welcomes Art Berman to MacroVoices. Erik and Art discuss:

    • Their calls made on Episode 3 of MacroVoices in February
    • Which fundamental factors have changed since then
    • The damage done to the supply of capital available to shale drillers in spite of oil rising to $50
    • Current US production levels and where they may be headed from here
    • Prices moving up in the face of dangerously high inventory levels at Cushing, OK
    • Using Comparitive Inventories to predict price movements
    • The 'funny' accounting practiced by shale drilling companies and many analysts
    • EIA price forecasts and whether or not they are accurate
    • Geopolitically driven supply disruptions and whether or not they will last
    • Middle Eastern oil production increases and alongside a shifting political picture
    • The possibility of a future where the world can't afford petroleum, and much more...

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  • Art Berman: Oil Fundamentals Deep Dive Redux

    Erik interviews petroleum geologist Art Berman in his second appearance on MacroVoices as they revisit some of their fundamental analysis from Episode 3 back in February

  • Art Berman: OPEC Production Cut, Crude Oil Outlook

    Erik Townsend and Aaron Chan welcome Art Berman to MacroVoices. Erik and Art discuss OPEC's latest production cut agreement and what it means, false conception of cutting production to bring balance to an already-balanced market, how excess oil in storage will suppress prices for some time to come, weak demand growth similar to late-2014 won't support higher prices, OPEC not being as desperate as portrayed by the media, and much more.

  • Art Berman: Outlook for Oil for 2017

    Erik Townsend welcomes back Art Berman to MacroVoices. Erik and Art discuss the current catalyst for the decline in oil – the lack of confidence in OPEC. The discuss the record levels of oil inventories, the comparative inventories to past years, the world production surplus, the global liquids consumption growth, the OECD incremental liquids Inventory and the EIA U.S. crude oil forecast.

  • Art Berman: Shale Gas Magical Thinking And The Reality of Low Gas Prices

  • Art Berman: The market has de-valued the oil price yield curve

    Erik Townsend and Patrick Ceresna welcome Art Berman back to MacroVoices. Erik and Art discuss comparative inventory and inventory correlation to price on oil. They further look at price cycles, the oil-price yield curve and the impact of U.S. exporting oil. They further discuss why backwardation is collapsing on WTI, sensitivities to supply concerns and the discrepancies between IEA and OPEC forecasts.

  • Art Berman: The world is still over-supplied with oil

    Erik Townsend and Patrick Ceresna welcome Art Berman back to MacroVoices. Erik and Art ask the question was the oil price collapse more than just a correction? The look at world production surplus for 2019-2020, U.S. oil production and ask if OPEC matters anymore. The further look at trends in world liquid production, perspectives on the Brent and WTI curves and ask why is Brent trading at a premium to WTI.

  • Axel Merk: ECB/Fed/BOJ Policy and the Implications for Equities, Gold, the USD and More

    2014 02 13 Axel headshotErik Townsend welcomes Axel Merk to MacroVoices. Erik and Axel discuss:

    • The ECB, Fed, and BOJ statements and how policies are shifting
    • The upward trajectory of the Euro following a confusing ECB statement
    • The key differences between central banking in the US, and the Eurozone
    • TLTRO2: "a funding for lending scheme" - how does it work, what does it mean?
    • A potential bottoming in European interest rates
    • Will a Fed rate hike mean a stronger dollar, or have markets already priced this in?
    • The Fed members, structure, focus and process
    • Coming headwinds for asset prices as the Fed unwinds an unprecedented easing cycle
    • The counterproductivity of negative interest rates and extraordinary central bank policy
    • The Dollar rally - how did we get here and is the rally over?
    • Gold and other "safe havens" - where can investors hide in this challenging environment?

     

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  • Axel Merk: ECB/Fed/BOJ Policy and the Implications for Equities, Gold, the USD and More

    Erik welcomes Axel Merk and the two of them discuss recent central bank statements and how we can expect them to affect financial markets.

  • Bill Fleckenstein: The Perils of Short Selling in a World Awash in Central Bank Liquidity

    Erik interviews Bill Fleckenstein and they discuss the tactics involved in short selling, and the dangers of doing so in a market fueled by central bank liquidity.

MACRO VOICES is presented for informational and entertainment purposes only. The information presented in MACRO VOICES should NOT be construed as investment advice. Always consult a licensed investment professional before making important investment decisions. The opinions expressed on MACRO VOICES are those of the participants. MACRO VOICES, its producers, and hosts Erik Townsend and Patrick Ceresna shall NOT be liable for losses resulting from investment decisions based on information or viewpoints presented on MACRO VOICES.

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