$23.76
-1.35 (-5.38%)
At Close: Jun 03, 2026
Weekly Energy Recap: Breaking Through $40 Oil
02:06am, Sunday, 05'th Jul 2020
Oil prices have moved in a narrow band for most of the past two months. The OPEC+ output cuts helped balance the market. The second half of the year may witness
U.S. Oil Decline Accelerates In April
11:18am, Saturday, 04'th Jul 2020
Continuous slow decline in oil output from US oil fields from November 2019 to March 2020 and then the sharp acceleration in April and May. Since the current EI
Can Price Reporting Agencies Aim At The Futures Market?
12:39am, Thursday, 02'nd Jul 2020
Ever since that day on April 20, when US crude futures collapsed and prices turned to a negative $40 per barrel, the US oil market has been looking for an alter
Examining Midstream Contracts Amid Slowing Volumes
08:00am, Wednesday, 01'st Jul 2020
In general, the companies that have reported average contract life provide some assurance that midstream companies can continue to benefit from the contracts in
Crude Oil Almost Fills The Gaps - Demand Needs To Keep Increasing
08:19am, Tuesday, 30'th Jun 2020
Progress in filling the gap in WTI- The weekly does the trick. The same move in Brent futures. OPEC, Russia, and other producers extend the cuts. US output is n
Oil Update - June 2020
12:59am, Monday, 29'th Jun 2020
Given the current environment, OPEC+ might continue their cuts into August. Investors with longer-term horizons should consider the stocks of well-managed and w
Weekly Energy Recap: Prices Remain In Narrow Band
03:53am, Sunday, 28'th Jun 2020
Oil demand is improving, but the uneven pace of the rebound has created challenges. On a monthly basis, Brent has been moving in a narrow range between $38 and
Non-OPEC Without U.S. On Production Plateau
03:13pm, Saturday, 27'th Jun 2020
This post updates Non-OPEC production to February 2020. However, we are now in late June 2020 and the effects of the plunge in the price of WTI, which began on
Clouds Gather For Oil, Stocks, And Gold In The Short Term - David Brady (June 26, 2020)
11:12am, Saturday, 27'th Jun 2020
Beginning with the fundamental backdrop, we're seeing an increasing number of headlines and states signaling a resurgence of COVID-19, or Wave 2, and talk of re
Focusing On Fundamentals: Oil Price Update And Outlook
08:00am, Friday, 26'th Jun 2020
The unprecedented demand impact from the global shutdown following COVID-19 required a similarly unprecedented supply response from OPEC and its counterparts. A
FERC 2020 Oil Pipeline Index Review: Nonevent Or Headache?
08:00am, Wednesday, 24'th Jun 2020
The impact of the March 2018 policy revision from the FERC has largely played out, except for the impact on oil pipelines. FERC indicated in 2018 that it would
Can Hard-Hit U.S. Oil Resume Exports To China?
01:18am, Wednesday, 24'th Jun 2020
Before the pandemic, China was the second-largest market for American oil exports, after Canada. However, as the Chinese market shrunk, US companies diverted oi
The Daily Dose: 'It Could Have Been Much Worse'
11:11am, Tuesday, 23'rd Jun 2020
Crude oil prices were supported by a tailwind from Bank of America, which upgraded its forecast for Brent by more than $5 per barrel. The WTO said initial estim
OPEC: Putting The Data In Perspective
06:11pm, Sunday, 21'st Jun 2020
OPEC released fresh production numbers for the group for the month of May and new estimates on the global picture for crude. The cuts instituted by the group ar
Weekly Energy Recap: Fears Of Second Pandemic Wave Move Crude Market
03:01am, Sunday, 21'st Jun 2020
Oil recovery came on the heels of the first weekly decline in six weeks. Monthly reports of IEA and OPEC show OECD commercial oil stocks at historical highs abo
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