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Buy NRGD
$23.76
-1.35 (-5.38%)
At Close: Jun 03, 2026
Crude import tariffs and other oil news
09:57am, Sunday, 05'th Apr 2020
"If I have to do tariffs on oil coming from outside or if I have to do something to protect our. tens of thousands of energy workers and our great companies that produce all these jobs, I'll do wh
WTI Weekly: Failed Breakdown Early Week Before An Aggressive Rally Ensued To 28.56s
07:41pm, Saturday, 04'th Apr 2020
A sell-side breakdown developed to 19.28s in Monday’s auction where sellers trapped amidst buying interest, halting the sell-side sequence. Balance developed, 1
U.S. January Production Drops Again
06:44pm, Saturday, 04'th Apr 2020
The March EIA report shows US production dropped from November to January by 119 kb/d to 12,744 kb/d. Note it dropped for two successive months. Are these two s
Oil Is Still The Stock Market's Biggest Obstacle
03:25pm, Friday, 03'rd Apr 2020
WTI crude oil just had its worst quarterly performance ever. Financial sector has also joined energy on the list of 52-week new lows. Until oil prices bottom ou
Oil deal leaves questions unanswered
08:10am, Friday, 03'rd Apr 2020
If it wasn't for the coronavirus, the news cycle would most likely be exclusively focused on oil market, where demand has dropped by as much as 30M barrels per day (roughly equivalent to the combined
It Takes Two To Contango
10:40am, Wednesday, 01'st Apr 2020
As Russia and Saudi Arabia pump and dump oil, crude's contango has widened while per-barrel receipts have shrunk. Over 12 months, the United States Oil Fund (US
U.S. Oil Production In Process Of... Peaking
11:04am, Tuesday, 31'st Mar 2020
The crude oil market is glutted and demand is falling off a cliff. Storage constraints are in sight, and I am not seeing an immediate catalyst for a demand rebo
Saudi's Full-On Assault On Russia In April Will Force Russian Oil Production Shut-In
07:14pm, Monday, 30'th Mar 2020
Saudis are going to go all-out against Russia in April. The primary battlefield will be in Europe where Saudi has sent a record number of tankers to Egypt. Euro
Oil below $20 as market drowns in crude
08:29am, Monday, 30'th Mar 2020
Traders are now betting on production shutdowns to cope with the collapse in demand, triggering WTI crude prices to drop 6% to under $20/bbl overnight to levels not seen since 2002.A price war between
WTI Weekly: Balance Development Near Key Support
07:46pm, Saturday, 28'th Mar 2020
Buy excess developed in Sunday’s auction near key support, 20.52s, driving price higher to 25.24s into early Wednesday’s auction. Selling interest emerged there
OPEC February Production Data
04:44pm, Saturday, 28'th Mar 2020
The OPEC data no longer includes Ecuador. OPEC 13 was down 546,000 barrels per day in February. The only major decliners were Libya and Saudi Arabia. Saudi prod
Russia looks to widen OPEC+ membership
10:26am, Friday, 27'th Mar 2020
A new OPEC+ deal to balance oil markets might be possible if other countries join in, according to Kirill Dmitriev, head of Russia’s sovereign wealth fund.Dmitriev and Energy Minister Alexander Nova
Oil: The Reality Of This OPEC+ Price War Starting To Sink In
11:07pm, Tuesday, 24'th Mar 2020
The reality will start to set in for everyone in OPEC+. Russian oil producers will be the first to refuse to increase oil production into a lower oil price envi
Crude Oil Tsunami Headed This Way: Oil May Have Farther To Fall
11:34am, Tuesday, 24'th Mar 2020
Massive amounts of crude oil are headed our shores. Enough that our ability to store it all is questionable. The Law of Diminishing Marginal Utility could take
Oil - If Demand Drops, Exports Drop
09:29pm, Monday, 23'rd Mar 2020
Export is a function of implied demand. OPEC+ is heading into a price war in a shrinking demand pie. Only the fittest will be able to sell their barrels, and th
