The destruction of the Nord Stream Pipeline could be a deliberate plan by Eastern Powers to break the backs of the west and reduce sanctioning powers. If China, Russia along with OPEC can cut the west from Energy they can influence western powers! Key Points for Oil Prices • Limited supply • Limited spare capacity • Limited Inventories • SPR lowest in 40 years • Slower recovery in China • Weakening demand in the US • Federal rate hikes.. Macro economics – US dollar absolutely killing oil prices • OPEC meeting October 5th 1 million BO Cut • SPR Tapering – enormous downward pressure on oil price ..read more

JPMorgan's Malek Still Sees Oil at $150 · We can’t just rely on Saudi Oil · Oil capex has never been so low · Structural Deficit · 107-110 MBO By 2030 – in 8 years – · When China comes out of lockdowns · Nat Gas to oil conversation SCO summit · China, Russia, Iran, Saudi Arabia forming and anti-western alliance. Watch CNBC's full interview with India's Petroleum Minister Hardeep Singh Puri India's Petroleum Minister Hardeep Singh Puri told CNBC's Hadley Gamble his country will carefully assess whether to support a G-7 proposal to impose a cap on the price of Russian oil. “There are many conver ..read more

Today's Oil Prices. Where do we go next... 00:00 Introduction 00:45 G7 Agrees On Oil Price Cap on Russian Crude Oil 01:44 Russia cuts off gas exports to Europe via Nord Stream 02:39 ESG Moment has caused companies like Black Rock, BNP Paribas SA, Credit Suisse Group AG, Danske Bank A/S, Jupiter Fund Management Plc, Nordea Bank ABP, Schroders Plc, Svenska Handelsbanken and Swedbank AB and nearly 350 funds to no longer make decisions in the best interest of their shareholders or their clients, but instead use their financial clout to push a social and political agenda shrouded in secrecy. 05:40 ..read more

Pioneer CEO Sees $100 Oil By End Of Year Brent crude oil will be around $100 per barrel by the end of the year, Pioneer CEO Scott Sheffield has predicted. Oil has been rangebound over the last five or six months, Sheffield said, although Chinese demand is picking up "significantly". "I think that what we'll see…. Brent will break $90 this summer and climb back up to $100 sometime in the second half of the year." He expects WTI to be in the low $90s by the end of the year. Despite the calls for $100 oil, Pioneer's CEO reiterated that capital discipline is still the name of the game, adding that ..read more

Moscow has repeatedly warned that the export of tanks from the West to Ukraine would amount to an escalation of the war. In today's video I give my thoughts on Putin's next move that could cause oil to hit levels we've never seen before. Subscribe to my channel : https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1 Request Information : http://kingdomexploration.com/Request-Oil-Investment-Brochure-B/ Phone (307) 622-1645 email: sean.pruitt@kingdomexploration.com In its latest forecast, the IEA has projected demand to rise by 1.9 million barrels per day to 101.7 million barrels pe ..read more

Watch video here > https://youtu.be/6bTOkEhrpbM All eyes on China China lowers demand before signing massive oil contracts China tried to butter up the young prince with 32 massive contracts China agenda was to settle these contracts in the Yuan Saudi along with many others were concerned with Chinas faltering economy and said no to Chinese Currency China has no choice but remove all covid restrictions and no better time as he has energy security after having all the agreements in place with Russia and Saudi Why Oil Prices did not rally to $130 in 2022? Russian disruptions did not materiali ..read more

With the end of the SPR Release, SPR Buyback, Reduced Russian Oil, China Easing Restrictions and with continued artificial sentiment pushing oil prices down I think 2023 Oil Bulls are coming. For every reason you have a case for high oil prices theres market sentiment to drag oil prices down as it comes down to what the markets think prices should be regardless of fundamental data. At some point the markets over reaction to recession fears causing oil prices to drop will come back with vengeance. You can't turn your back on the most demanded commodity without paying the price. The oil markets ..read more

China’s Xi to visit Saudi Arabia is the end of cheap abundant oil for America. The Saudi American relationship has ended while China has become the new America. The US dollar has dominated the world markets due to the Saudi US relationship. Every Barrell of Oil Sold by Saudi's was done in USD. This has caused the USD to be the #1 global currency putting us in position to print as much as we want with very little inflation. This has allowed us to build a world superpower with the most powerful military. We printed money and bought unlimited amounts of oil abroad. Saudi Oil is now being sold in ..read more

Shale is on the decline and will never come back. This has put OPEC back in control and they will do what ever they can to protect their Oil Superpower by increasing or reducing supply to keep oil prices higher. What do you expect from countries that rely on Oil for most of their prosperity? Subscribe to my channel : https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1 Request Information : http://kingdomexploration.com/Request-Oil-Investment-Brochure-B/ Phone (307) 622-1645 email: sean.pruitt@kingdomexploration.com #oilprices #oilnews #opec ..read more

Oil jumps as China eases COVID curbs in potential boost to demand Oil prices jumped by more than 3% on Friday after health authorities in China eased some of the country’s heavy COVID curbs, raising hopes for improved economic activity and demand in the world’s top crude importer. The oil market remains depleted of its main buffers: inventories and spare capacity. Concurrently, the risk of meaningful supply disruptions in Libya, Russia, Iraq, and Iran is currently elevated. US Power Consumption Has Never Been This High. According to the EIA, power consumption in the US will rise to a record hi ..read more