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$40.13
+0.99 (+2.53%)
At Close: Jun 03, 2026
Crude Oil Held In Sea Storage Hits New Record At 160 Million Bbls
10:22am, Sunday, 19'th Apr 2020
Shipping sources said oil held in floating storage on tankers had reached at least 160 million barrels including 60 supertankers. Smaller tankers were also bein
Crude at lowest level in two decades
10:00am, Friday, 17'th Apr 2020
WTI crude oil contracts for May delivery slumped 9% overnight to $18.03/bbl after OPEC economists slashed their global demand forecasts and the Energy Department said domestic producers had boosted U.
What Oil Catastrophe?
01:14am, Friday, 17'th Apr 2020
Right now, oil investors are scared of the massive decrease in global demand. This view appears to be too shortsighted if the EIA's estimates are anywhere near
Crude Oil Is All About Demand
01:00pm, Thursday, 16'th Apr 2020
OPEC's recent agreement has amounted to an almost ten million barrel per day output cut. We're seeing unprecedented declines in demand. Inventories are rising.
Smarter Investing In Better Crude
07:34pm, Wednesday, 15'th Apr 2020
Equity investors can limit stranded asset risk and improve expected return potential from O&G investments by allocating capital to inherently low carbon footpri
Crude Oil Options Are Predicting Lasting Volatility
01:13pm, Wednesday, 15'th Apr 2020
The oil options markets are sending plenty of signals about market expectations for the longer-term impact of COVID-19. Global demand for many of the refined pr
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
