NewsWare’s Trade Talk: Thursday, January 2

NewsWare's Trade Talk: Thursday, January 2

S&P Futures are trading higher this morning with tech shares displaying strong gains. The key economic data point for today will be the Jobless claims which is due out before the opening bell. TSLA is expected to release its sales data today. On Friday, Congress votes on whether or not Mike Johnson remains speaker. Next week the annual CES show in Las Vegas gets underway. European markets are trading lower mainly due to PMI data. Oil prices are higher in the pre-market with demand expectations out of China for 2025 are causing prices to rise.

The Factors That Will Drive Oil Prices In 2025

The Factors That Will Drive Oil Prices In 2025

The Factors That Will Drive Oil Prices In 2025

Authored by Irina Slav via Oilprice.com

  • Focus on China’s oil demand, predicted to peak in 2025 or 2027, is expected to keep a lid on oil prices next year.

  • Supply disruptions from OPEC+ or renewed sanctions on Iran could challenge price stability in 2025.

  • India’s rising oil demand and potential for a supply glut are other factors to consider in the 2025 oil price outlook.

This year in oil has been marked by chronic trader pessimism about Chinese demand and an equally chronic downplaying of supply disruption risks. This has made for a rather stable year in prices—and the stability could continue in 2025, on a few conditions.

Brent crude and West Texas Intermediate appear set to end the year at nearly the same levels that they started. WTI started 2024 at a little over $70 per barrel and is about to end a little below that. Brent crude looks like it will post a little more noticeable loss, starting the year at $77 per barrel and ending at a bit over $74 at the time of writing.

The biggest reason for this somewhat unnatural stability in oil prices has been the focus on China. Every single report on oil prices this year has featured Chinese economic data or oil import figures in its lead. This is set to continue in 2025 amid a flurry of reports predicting peak oil demand growth for the world’s biggest importer.

China’s very own state oil giants are saying it. CNPC said earlier this month that it expected demand growth to peak in 2025, moving the peak year from 2030, which was its prediction in 2023. The company cited electric vehicle adoption and LNG truck growth as reasons for its predictions, even though the record share of EVs in total car sales this year has failed to reverse China’s oil demand growth.

Sinopec was next, publishing a report a week ago saying that oil demand growth in China was about to reach its peak in three years in 2027. The peak will occur at a daily demand level of some 16 million barrels or a total of 800 million metric tons, the Chinese state oil major said. A year ago, Sinopec saw Chinese oil demand peaking at around 800 million metric tons sometime between 2026 and 2030. China’s oil demand this year is seen reaching 750 million metric tonnes, according to Sinopec.

So, focus on China and pessimism about its demand has kept a lid on prices this year and is likely to keep that lid in place in 2025 as well—unless all the stimulus that the government in Beijing is throwing at the economy doesn’t spur greater demand for the key commodity. As one analyst from Brokerage Pepperstone put it to the Wall Street Journal, “The apparent calm in the oil market hides a complex interplay of macroeconomic factors that could trigger sharp movements at any moment.”

“Attention is focused on the evolution of macroeconomic data and future OPEC+ decisions, which will determine the market’s direction in the coming months,” Quasar Elisundia told the WSJ. In macroeconomic data, the focus will remain on China but also on India, which is shaping up as the next leading demand driver globally. Indeed, S&P Global Commodity Insights recently forecast that India’s oil demand growth rate was set to exceed China’s this year.

“India will be the leading driver, along with Southeast Asia and other parts of South Asia, of the region’s future oil demand growth,” SPGCI’s global head of macro and oil demand research, Kang Wu, said.

But even weaker growth markets such as the European Union, continue to see growth in oil demand, as suggested by import figures. The latest available, for the second quarter of the year, showed a decline in natural gas imports but a pickup in what the EU categorizes as “petroleum oils”. The EU is not the oil market traders look to for insight into demand trends, but this may be an oversight.

On the supply side, the focus, of course, remains on OPEC+, even as forecasters keep repeating how they expect great production growth things from non-OPEC majors such as the United States, Guyana, Canada, and Brazil. These forecasts have started to moderate with regard to the U.S., however, as the industry gives repeated signs that there will be no drilling at will just because there is a pro-oil president in the White House.

The situation with OPEC+ is quite similar. Forecasters have been making traders nervous and bearish for months, reminding them of all that spare capacity that OPEC could bring back online when it decides to roll back its output cuts. What they’ve consistently forgotten to mention is that OPEC and its OPEC+ partners made it clear from the start of the cuts that output would only be brought back online when prices rose high enough. This basically means that several price routs this year were entirely the result of unrealistic expectations, with zero relation to actual oil fundamentals.

In the current context, fundamentals appear to be largely in balance. Many expect a supply glut next year, but that’s based on assumptions about EV adoption that have consistently tended to disappoint. Trump sanctions on Iran could tighten supply from the Middle East further and lend some upward momentum for prices, but chances are that the idea of that big spare capacity cushion of 5 million bpd or more is going to play the role of a market blowout preventer once again.

 

Tyler Durden
Thu, 01/02/2025 – 07:15

Stock markets begin new year with losses

Stock markets begin new year with losses

Major European and Asian stock markets began 2025 in the red as investors await planned tariffs from US president-elect Donald Trump, adding to China’s economic struggles. The dollar was up against the euro and pound but down versus the yen. Oil prices jumped on hopes of rebounding demand. “January can be a testing time for […]

The post Stock markets begin new year with losses appeared first on Insider Paper.

Are You Kidding Me?

Are You Kidding Me?


Originally posted at MenNeedToBeHeard YouTube Channel


About

Raising Awareness on the many issues affecting men & boys in today’s society
including the societal and media bias against men, the issues father’s face, dating & relationships, men’s mental health issues, & other issues that affect men such as men’s mental health, homelessness, family court bias, & sadly men un-aliving themselves

Join our Brotherhood of Men Patreon Group: https://www.patreon.com/MenNeedToBeHeard

Follow us:
Instagram: https://www.instagram.com/menneedtobeheard/
Tik Tok: https://www.tiktok.com/@menneedtobeheard3
Twitter: https://twitter.com/MenNeed2BeHeard
Facebook: https://www.facebook.com/MenNeedToBeHeard/

Don’t Forget to Subscribe!

Disclaimer:

Some of these links go to one of my websites and some are affiliate links where I’ll earn a small commission if you make a purchase at no additional cost to you.

The information provided on this website or in any video does not, and is not intended to, constitute legal or theraputic advice.

Links:

Patreon Group
patreon.com/MenNeedToBeHeard

TikTok
tiktok.com/@menneedtobeheardtoo

Instagram
instagram.com/menneedtobeheard

Twitter
twitter.com/MenNeed2BeHeard

Facebook
facebook.com/MenNeedToBeHeard

Escobar: 2025 – A Second Renaissance, Or Chaos?

Escobar: 2025 - A Second Renaissance, Or Chaos?

Escobar: 2025 – A Second Renaissance, Or Chaos?

Authored by Pepe Escobar,

It’s a dazzling Tuscan winter morning, and I am inside the legendary Dominican church of Santa Maria Novella, founded in the early 13th century and finally consecrated in 1420, in a very special place in History of Art: right in front of one of the monochrome frescos painted in 1447-1448 by master of perspective Paolo Uccello, depicting the Universal Deluge.

Paolo Uccello: Universal Deluge. 1448 fresco at Santa Maria Novella, Florence. Photo by Pepe Escobar

It’s as if Paolo Uccello was depicting us – in our current times of trouble. So inspired by neoplatonic superstar Marsilio Ficino – immortalized in a chic red robe by Ghirlandaio at the Cappella Tornabuoni – I tried to pull off a back to the future and ideally imagine who and what Paolo Uccello would feature in his depiction of our current deluge.

Let’s start with the positives. 2024 was the Year of the BRICS – with the merit for all the accomplishments going for the tireless work of the Russian presidency.

2024 was also the Year of the Axis of Resistance – until the serial blows suffered during the past few months, a serious challenge which will propel its rejuvenation.

And 2024 was the year that defined the lineaments of the endgame in the proxy war in Ukraine: what remains to be seen is how deep the “rules-based international order” will be buried in the black soil of Novorossiya.

Now let’s turn to the auspicious prospects ahead. 2025 will be the year of consolidation of China as the paramount geoeconomics force on the planet.

It will be the year where the defining battle of the 21st century – Eurasia v. NATOstan – will be sharpened in an array of unpredictable vectors.

And it will be the year of advancing, interlocking connectivity corridors – the defining factor in Eurasia integration.

Not by accident Iran is central to this interlocking connectivity – from the Strait of Hormuz (through which transits, daily, at least 23% of the world’s oil) to the port of Chabahar, which links West Asia with South Asia.

Connectivity corridors to watch are the return of one of the top Pipelineistan sagas, the 1,800 km-long Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline; the International North South Transportation Corridor (INSTC), which links three BRICS (Russia-Iran-India) and several aspiring BRICS partners; the China-Pakistan Economic Corridor (CPEC), the flagship Belt and Road Initiative (BRI) project; and last but not least, the fast advancing Northern Sea Route (or Northern Silk Road, as the Chinese call it), which will eventually become the cheapest and fastest alternative to the Suez canal.

A few days before the start of Trump 2.0 in Washington, Russia and Iran will finally, officially sign a comprehensive strategic partnership deal in Moscow, over two years in the making: once again, a key deal between two top BRICS, with immense, cascading repercussions in Eurasia integration terms.

A completely sealed channel of negotiation

Dmitri Trenin, respected member of Russia’s Foreign and Defense Policy Council, has what is so far the most realist road map for an acceptable end of the proxy war in Ukraine.

“Acceptable” does not even begin to describe it – because from the point of view of the collective West political “elites” which bet the farm and the bank on this war, nothing is acceptable except Russia’s strategic defeat, which will never happen.

As it stands, President Putin is in fact containing elite sectors in Moscow who favor not only cutting off the head of the snake but the body as well.

Trump for his part has less than zero incentive to be dragged into a further quagmire; leave that to the clueless European chihuahuas.

So a possible drive towards a wobbly “peace” agreement also suits the Global Majority – not to mention China, which understands how war is bad for business (at least if you’re not in the weaponizing racket).

When it comes to an always possible “existential” escalation, we’re not out of the woods yet; but there are still three weeks left for some major terror-fueled coup, as in a false flag.

The first two months of 2025 will be absolutely decisive, when it comes to sketching a possible compromise.

Elena Panina from RUSSTRAT has offered a concise, and sobering, strategic assessment of what may pan out.

What Trump essentially craves, like a trashy McDonald’s burger, is to look like the ultimate Alpha Male. So Putin’s tactical negotiating strategy will not be focused on undermining Trump’s tough guy act. The problem is how to pull it off without undermining Trump’s pop star power – and without adding more fuel to the NATOstan warmongering pyre.

Putin holds an array of trump cards close to his chest – related to Europe, the Brits, China, Ukraine itself and the Global South as a whole.

Determining spheres of influence will be part of a possible agreement. The thing is no specific details should be leaked – and must be kept impermeable to Western intel.

That means, as Panina notes, Trump needing a completely sealed channel of negotiation with Putin, which even the MI6 cannot crack.

A tall order, as privileged Zio-con silos across the Deep State are dizzy with the latest Old Testament psycho-pathological victories in Lebanon and Syria, and the way they enfeebled Tehran. Yet that does not mean the Iran-Russia-China-BRICS link is in jeopardy.

The dynamics are set; tread carefully

Putin and the Security Council should be ready to implement a quite complex, step-by-step diplomatic game, as they know that the trifecta of defeated, supremely angry Democrats, Brits and Bankova will apply maximum pressure on Trump and turn him into “an enemy of America” or some similar crap.

Moscow will accept no truce and no freeze: only a real solution.

It that doesn’t work, the war will continue in the battlefield, and Moscow has no problems with that – or with more escalation. The final humiliation of the Empire of Chaos will then be total.

Meanwhile, Cold War 2.0 between China and the U.S. will advance more on the pop sphere than in substance. The sharpest Chinese analysts know that the real competition is not over ideology – as in the original Cold War – but over technology, from AI to upgrading seamless supply chains.

Moreover, Trump 2.0, at least in principle, has less than zero interest in unleashing a proxy war – Ukraine-style – on China in Taiwan and the South China Sea. China has way more geoeconomic resources than Russia.

So it’s not exactly intriguing that Trump is floating the idea of a G2 between the U.S. and China. The Deep State blob will see it as the ultimate plague – and fight it to death. What’s already certain is assuming this goes ahead, the European poodles will be left drowning in a dirty swamp.

Well, political “elites” that appoint braindead specimens like the Medusa von der Lying and the batshit crazy Estonian chick as top representatives of the EU; who start a war against their most important energy supplier; who fully support a genocide broadcast 24/7 to the whole planet; who are obsessed on eradicating the culture which has defined them; and who at best pay only lip service to democracy and freedom of speech, these “elites” do deserve to wallow in filth.

On the Syrian tragedy, the fact is Putin knows who the real enemy is; certainly not a bunch of Salafi-jihadi head-chopping mercenaries. And the Sultan in Ankara is also not the enemy; from Moscow’s perspective, for all his lofty dreams of replacing “Central Asia” with “Turkestan” in Turkiye’s school textbooks, he is a minor geoeconomic and even geopolitical player.

To paraphrase the inestimable Michael Hudson – perhaps our Marsilio Ficino dressed by Paolo Uccello as a writer in a chic red robe – it’s as if in this pre-deluge juncture American elites were saying, “The only solution is total war with Russia and China”; Russia is saying, “We hope there’s peace in Ukraine and West Asia”; and China is saying, “We want peace, not war.

That may not be enough for reaching a compromise – any compromise. So the dynamics are set: the U.S. ruling class will keep imposing instances of chaos while Russia, China and BRICS will keep testing in the “BRICS lab” de-dollarization models, alternative set ups to the IMF and World Bank, and eventually even an alternative to NATO.

An anarchy and War of Terror cornucopia on one side; cool-headed, coordinated realism on the other. Be prepared – for anything. From Renaissance Florence, one of the – few – peaks of humanity, now living in memory, tread carefully across this flame-filled 2025.

Tyler Durden
Wed, 01/01/2025 – 23:20

Hundreds March for ‘Intifada’ in NYC Hours After Attacks in New Orleans, Las Vegas

Hundreds March for 'Intifada' in NYC Hours After Attacks in New Orleans, Las Vegas

Hundreds of pro-Palestinian protesters marched in New York City on New Year’s Day for “intifada,” blocking Sixth Avenue in Manhattan just hours after a terror attack in New Orleans, Louisiana, and an explosion in Las Vegas, Nevada.

The post Hundreds March for ‘Intifada’ in NYC Hours After Attacks in New Orleans, Las Vegas appeared first on Breitbart.

Top DOJ Officials Leaked Non-Public Info To Media “Days Before An Election”: Inspector General

Top DOJ Officials Leaked Non-Public Info To Media "Days Before An Election": Inspector General

Top DOJ Officials Leaked Non-Public Info To Media “Days Before An Election”: Inspector General

Not content to The Department of Justice’s (DOJ) Office of the Inspector General (OIG) revealed this week that three senior DOJ officials violated internal policies and engaged in misconduct by leaking non-public investigative details to the media “days before an election.”

The OIG, led by Michael Horowitz since 2012, conducted the investigation following a complaint alleging politically motivated disclosures related to ongoing DOJ matters.

“The OIG investigation found that three then Senior DOJ Officials violated DOJ’s Confidentiality and Media Contacts Policy by leaking to select reporters, days before an election, non-public DOJ investigative information regarding ongoing DOJ investigative matters, resulting in the publication of two news articles that included the non-public DOJ investigative information,” the OIG stated in a brief investigative summary.

The summary further noted that one of the officials compounded the misconduct by using a DOJ social media account to share links to the resulting news articles, a violation of both the Confidentiality and Media Contacts Policy and the DOJ’s Social Media Policy.

Of course, in typical Horowitz fashion – we have no clue who leaked what to whom

The investigation faced limitations as the three implicated officials were no longer employed by the DOJ at the time of the probe, and either declined or failed to respond to interview requests. The OIG does not have the authority to compel testimony from former employees.

Horowitz’s office confirmed that the findings have been referred to the Office of the Deputy Attorney General and the Professional Misconduct Review Unit for appropriate action. Additionally, the report has been shared with the U.S. Office of Special Counsel for further investigation into potential violations of the Hatch Act, which restricts political activities by federal employees.

Unspecified Investigation at the Heart of the Leak

The nature of the investigation leaked by the former officials remains unclear. However, similar concerns have been raised in other high-profile cases involving DOJ leaks. In September, Senator Chuck Grassley (R-IA) sent a letter to Attorney General Merrick Garland and FBI Director Christopher Wray, as well as Horowitz, accusing the DOJ and FBI of leaking information about a now-closed investigation into President-elect Donald Trump.

The investigation in question involved allegations that Egyptian President Abdel Fatah El-Sisi attempted to bolster Trump’s 2016 campaign with $10 million in cash. Initially handled by Special Counsel Robert Mueller’s team, the probe was closed in June 2020 due to insufficient evidence, but details of the case were reported by The Washington Post in August 2024. The newspaper’s reporting cited “people familiar with the case” and “thousands of pages of government records, including sealed court filings.”

Broader Pattern of DOJ Leaks and Misconduct

Leaks have been a recurring issue within the DOJ. Trump, while campaigning for the 2024 GOP presidential nomination, accused Special Counsel Jack Smith of having “illegally leaked” information about the classified documents investigation against him. This included allegations that Smith leaked an audio recording of Trump discussing a classified document related to Iran, which was later included in a now-dismissed indictment.

During Trump’s first term, leaks about the FBI’s investigation into alleged collusion between Russia and his 2016 campaign led to scathing reports by the OIG and subsequent investigations by Mueller and Special Counsel John Durham. Notably, former FBI Director James Comey was referred for prosecution in 2019 for leaking internal memos to the media, though the DOJ ultimately declined to press charges.

Tyler Durden
Wed, 01/01/2025 – 18:00