$23.76
-1.35 (-5.38%)
At Close: Jun 03, 2026
A Crude Future View From The Crude Curve
12:13pm, Wednesday, 15'th Apr 2020
Near nine in ten Americans are now concerned about the economy. It isn't just the nature of the economic shutdown, it's what might come afterward. While stocks
International Economic Week In Review For 4/6-4/10
10:34pm, Sunday, 12'th Apr 2020
There might be a deal in the oil market to cut production. Several global organizations are upping their assistance programs. The global equity markets has a go
Weekly Energy Recap: It Is Too Early To Prejudge The Largest Oil Output Cut In History
10:38am, Sunday, 12'th Apr 2020
OPEC+ has made the largest oil output cut in history. It is still too early to know if the agreed 10 million barrel per day (bpd) output cut from OPEC+ producer
WTI Weekly: Key Resistance Holds Early Week Before Pullback Toward Key Support
07:40pm, Saturday, 11'th Apr 2020
A meaningfully lower open in Sunday’s auction resulted in balance trade Monday below last week’s key resistance, 29.13s. A pullback developed to 23.54s into Wed
Mexico makes production deal with Trump, part of OPEC+ agreement
01:55pm, Friday, 10'th Apr 2020
Mexico has reached an agreement on oil production cuts (CL1:COM) with OPEC+ after Pres. Trump intervened to resolve the impasse.Mexican Pres. Lopez Obrador says Trump "generously" committed to
EIA Petroleum Update Takeaways: Demand Dropping, Inventories Rising, Diesel Resilient
12:00pm, Friday, 10'th Apr 2020
With many Americans working from home, demand for gasoline and jet fuel is falling significantly, while diesel demand remains more resilient. With reduced deman
A New Day Or Era? OPEC+ Agree To Cut 10 Million In Next Months
11:32pm, Thursday, 09'th Apr 2020
I noted in an earlier article that Saudi Arabia and Russia would come to an agreement to curb oil production. The market wasn't that impressed with the agreemen
The Oil Price War: A 3-Ring Circus
11:28pm, Tuesday, 07'th Apr 2020
U.S., Russia, Saudi Arabia not on the same page. Virtual meeting on April 9th does not include the U.S. or Canada. Russia refused to cut production March 6th bu
Upstream Service Sector In The New Sub-$40/bbl Brent Environment
01:17pm, Tuesday, 07'th Apr 2020
This crash could add the finishing touches to the grand reshuffling of the upstream service sector that started in 2014. Out of fear, buyers have deferred a sig
Crude Reality Shadows Soaring Job Losses
10:06am, Tuesday, 07'th Apr 2020
US nonfarm payrolls collapsed by 701K, the biggest one-month drop since the financial crisis, while unemployment jumped to 4.4% from 3.8%, posting the biggest m
OIL: Wait For OPEC+ Before Buying Crude
08:57am, Tuesday, 07'th Apr 2020
OIL has taken a strong hit this year as demand destruction has been met with a price war between Saudi Arabia and Russia. OPEC+ meets later this week to determi
Oil pares big losses as Saudis, Russia near deal
06:22am, Monday, 06'th Apr 2020
Down by nearly 11% at one point during the night, oil has now pared most of its losses.Russia and Saudi Arabia are "very, very close" to a deal on production cuts, said Kirill Dmitriev, CEO of
Energy First Quarter Review 2020
05:25pm, Sunday, 05'th Apr 2020
Carnage in energy commodities in Q1. Massive declines in WTI and Brent crude oil futures. Product prices tank. Natural gas falls to the lowest level of the cent
Weekly Energy Recap: All Eyes On OPEC+ Virtual Talks
04:10pm, Sunday, 05'th Apr 2020
With the coronavirus pandemic cutting oil consumption across the world, the boom in demand for storing oil has been key in absorbing excess barrels from the mar
Week Ahead - World Battles Spread Of Covid-19 And Its Economic Destruction, A Bigger OPEC+ Cut Deal, And Big Bank Stress Tests
03:02pm, Sunday, 05'th Apr 2020
The annual stress tests begin by the banks submitting their data and capital plans on Monday. President Trump will continue to push forward in delivering an inf
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