Tom Kloza

Farmingdale, Fort Myers

Founder and Oil Analyst at Oil Price Information Service (OPIS)

Independent oil analyst, keynote speaker, co-founder of OPIS. Been covering energy markets since Jimmy Hoffa went missing. [email protected]

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Articles

Nymex Overview: Oil Futures Weaken as Investment Banks Cut Oil Price TargetsOPIS

2 months ago | tradingview.com | Tom Kloza |Jeff Barber

Nymex Overview: Oil Futures Weaken as Investment Banks Cut Oil Price TargetsOPISPetroleum futures were lower near midday Monday in volatile trading as commodity and equity markets continue to slide on concerns over U.S. tariffs. Crude oil contracts, which rose by $1 or more on a report the Trump administration was considering suspending the tariffs for 90 days, resumed their decline to numbers last seen in 2021, after the White House denied it was considering such a move.
Citi Lowers Near-Term Target for Brent - OPIS

2 months ago | morningstar.com | Tom Kloza |Michael Kelly

Commodities analysts at Citigroup on Monday said tariff issues could send Brent values even lower than previously expected, with a short-term visit to $60/bbl or less. The investment house now expects global economies to slow sharply, perhaps inspiring a response from U.S. shale or OPEC and its allies. The $60/bbl target for Brent suggests a further drop of $3.50-$4.50/bbl from current numbers.
Goldman Projects Possible Outcomes as Trump Tariffs LoomOPIS

2 months ago | tradingview.com | Tom Kloza |Michael Kelly

Goldman Projects Possible Outcomes as Trump Tariffs LoomOPISIn a Tuesday afternoon report to clients, commodities analysts at Goldman Sachs addressed how various tariff scenarios might play out for U.S. oil markets. The bank considered the impact of a 10% universal tariff on oil and maintains that heavy crude oil discounts for Canadian barrels might increase but oil would continue to flow since U.S. refiners are uniquely equipped to process the heavy barrels.
NYMEX Overview: Oil Futures Weaken Weaken on Russia and Ukraine Agreements - OPIS

Mar 25, 2025 | tradingview.com | Tom Kloza |Jeff Barber

NYMEX Overview: Oil Futures Weaken Weaken on Russia and Ukraine Agreements — OPISCrude oil futures were under pressure at midday after the White House said it reached separate agreements with Ukraine and Russia to ensure safe navigation in the Black Sea and to implement a ban on strikes against energy facilities in the two countries. West Texas Intermediate and Brent contracts backed off morning gains of about 60cts, but selling was limited, in part because of stronger equity markets.
Walmart Says it Will Have More Than 450 C-Stores by Year's End

Mar 20, 2025 | tradingview.com | Tom Kloza |Michael Kelly

Walmart Says it Will Have More Than 450 C-Stores by Year's EndWMTBig Box retailer Walmart said Thursday that it plans to have more than 450 Walmart Fuel and convenience stations across 34 U.S. states by the end of this year. The company opened its 400th fueling station in Palm Springs, Calif., in December, so the expansion suggests more than 50 sites are forthcoming in the next nine months.
Goldman Sachs Lowers 2025-2026 Crude Forecasts - OPIS

Mar 17, 2025 | morningstar.com | Tom Kloza |Michael Kelly

The commodities team at Goldman Sachs lowered its 2025-2026 price targets for Brent and West Texas Intermediate crude in a report sent to clients Sunday. In the report, the bank pointed out the disconnect between low global inventories of oil and soft prices. Goldman analysts said the recent sell-off is larger than what fundamentals would indicate, but they still lowered their forecast for 2025 Brent averages to $71/bbl and now believe that WTI will average about $67/bbl this year.
Citi Recommends Outright Short Position in Summer Brent - OPIS

Mar 4, 2025 | tradingview.com | Tom Kloza |Michael Kelly

Citi Recommends Outright Short Position in Summer Brent — OPISCLess than 24 hours after issuing a cautious commentary on the path forward for oil, the commodities team at Citigroup sent a report Tuesday afternoon recommending a short sale in August Brent. The report, titled Oil Selloff Has Legs: Sell Aug-2025 Brent, declared that Citi was fundamentally bearish thanks to its view that non-OPEC+ supply growth would offset global demand growth this year.
Nymex Overview: Macroeconomic Fears Reverse Early Gains for Oil - OPIS

Mar 3, 2025 | tradingview.com | Tom Kloza |Michael Kelly

Nymex Overview: Macroeconomic Fears Reverse Early Gains for Oil — OPISPetroleum futures began the day with modest gains Monday, but most of the increases were reversed by midday due to worries about a global economic slowdown and concern about the speed bumps that tariffs might bring for demand. The declines in futures were observed despite another drone attack on a refinery well inside Russia as well as more U.S. plants going into turnaround in the next 30-60 days.
Nymex Overview: Petroleum Futures Track Sharp Drops in Equities, Commodities - OPIS

Feb 25, 2025 | tradingview.com | Tom Kloza |Jeff Barber

Nymex Overview: Petroleum Futures Track Sharp Drops in Equities, Commodities — OPISCrude oil futures retreated to levels last seen in 2024 late Tuesday morning, joining a selloff in equities, cryptocurrency and other commodities. West Texas Intermediate crude futures settled below $70/bbl in seven December trading sessions. The NYMEX April WTI contract traded as low as $68.83/bbl Tuesday morning with the high and low separated by more than $2.30.
Nymex Overview: Crude and Diesel Register Modest Increases as Deadlines Loom - OPIS

Feb 19, 2025 | tradingview.com | Tom Kloza |Michael Kelly

Nymex Overview: Crude and Diesel Register Modest Increases as Deadlines Loom — OPISPetroleum futures were higher Wednesday morning with some deadlines looming that might inspire buyers or sellers shortly. When markets close Wednesday, there will be just eight sessions left until March 4, the date when tariffs on Canada and Mexico are scheduled to take effect.