Subscribe to Money Morning get daily headlines subscribe now! Money Morning Private Briefing today's private briefing
Category

Oil

China

Here's Why China Is Hoarding Oil

China is hoarding oil at the fastest pace in over a decade.

The nation added 787,000 barrels a day to its stockpiles in the first quarter of this year – the most for the period since at least 2004.

Here are two theories - one of which is arguably startling - as to why the Asian nation needs so much oil...

oil

Crude Oil Prices Today Fall 1.9% After This Bearish Report

Crude oil prices today tumbled in morning trading following last month's 20% rally.

Both Brent and WTI oil prices were down 1.9% and 2.5%, respectively.

And it's all thanks to this bearish supply data released by Reuters...

Oil

Why I'm Revising My 2016 Crude Oil Price Forecast Now

After the failed Doha meeting, doomsayers predicted the price of oil would crater. With WTI rising nearly 20% in April, they couldn't have been more wrong.

Now Dr. Kent Moors is revising his oil price forecast upwards. He says there are three key reasons why...

What Oil Needs to Sustain Its Rally

Despite heroic profits reported by two of the FANGs – Facebook, Inc. (Nasdaq: FB) and Amazon.com, Inc. (Nasdaq: AMZN) – stocks had a very rough week.

The Dow Jones Industrial Average fell 230 points or 1.28% to 17,773.64 while the S&P 500 lost 26 points of 1.26% to 2065.30. The Nasdaq Composite Index lost 2.67% to 4775.36 as Facebook and Amazon sucked the air and much of the profitability out of the room in the technology sector.

The other half of the FANGs, Apple, Inc. (Nasdaq: AAPL) and Alphabet Inc. (Nasdaq: GOOGL), took it on the chin after disappointing investors, and Apple in particular is struggling with the laws of large numbers, a phenomenon that Amazon and Facebook will eventually have to deal with.

The overall market is still very expensive and three of the four FANGs (other than Apple) remain in a bubble.

But here's what I really want to talk to you about today...

oil

Why These Oil Price Predictions from Wall Street Are Dead Wrong

Many banks on Wall Street have overwhelmingly bearish oil price predictions.

In fact, there's one bank that sees oil prices falling below $30 by the end of the year.

This chart shows where four major banks see prices heading through 2017...

oil

Should I Buy Exxon Mobil Stock After Q1 Earnings?

The Exxon Mobil stock price has been one of the best-performing Big Oil stocks of 2016.

With XOM stock up nearly 13% this year, shareholders hope for more gains after the firm reports Q1 earnings tomorrow.

But the company could be in for its roughest quarter in years...

Oil

China Just Took a Giant Step in Its Takeover of Global Oil Markets

The energy news headlines these days are all about the failure of the Doha summit and the upcoming June OPEC meeting in the face of a historic, intractable global supply glut.

But there's a takeover underway that's flying totally beneath the radar…

In fact, the early stages are already complete – it started right in the United States' geopolitical "backyard," in the OPEC member-state of Ecuador.

The power player moving in is of course none other than China. But it's certainly not going to limit itself to Ecuador.

Here's what you need to know about this development...

Oil

WTI Crude Oil Prices Will Stabilize Thanks to These 5 Crises

WTI crude oil prices just touched their highest level in nearly five months.

And Money Morning Global Energy Strategist Dr. Kent Moors says prices will stabilize at current levels.

That's because there are five crises brewing that will keep prices in check throughout 2016...

oil

Saudi Arabia Unveils Economic Plan That's NOT Dependent on Oil

Saudi Arabia's Deputy Crown Prince revealed a bold reform plan for the world's wealthiest nation today.

Included in his proposal is the creation of a massive sovereign wealth fund, among other audacious changes.

Here's a look at the Saudi royal's exclusive plan that promotes independence from oil...

oil prices

The Five Geopolitical Crises Moving Oil Prices Now

WTI crude oil prices have hit the $42 to $45 target Dr. Kent Moors set for mid-June.

Now he sees five geopolitical crises emerging, and each one will have a tremendous impact on energy moving forward.

This first one, for example, could give crude an immediate jolt...