Did the Biden admin send up a trial balloon on the SPR strategy without major success? Meanwhile, energy- and foodflation sadly continues across traded markets. It will not be an easy afternoon for the Fed.
Energy Watch: Can oil rally 25% further in Q4?
There is a sudden smell of 2021/2022 in the air again as Muftis and Zars suddenly have the upper hand in energy markets again. Can Bin Salman make life difficult for the West in Q4?
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Oil Watch: MBS vs. Biden intensifies
Saudi Arabia once again attempts to gain the upper hand in the oil-market. There is no doubt that the frosty relationship between MBS and Biden plays a part in the ongoing oil-tango, but will Saudi Arabia succeed? We doubt it.
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Something for your Espresso: Release the hounds and the SPR
Will Biden strike back on OPEC+ with an SPR release this week? We watch the EIAs short-term energy outlook today ahead of an interesting inflation week.
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