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Buy NRGU
$41.38
-0.500 (-1.19%)
At Close: Aug 04, 2026
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
Oil And The Global Game Of Chicken
12:30pm, Monday, 23'rd Mar 2020
We extend our coronavirus focused roundtables to look at specific sectors. We start with the energy sector, which has been hit by the one-two punch of coronavir
The Oil War Where There Are No Winners
10:00am, Monday, 23'rd Mar 2020
The virus came first. OPEC made a selfish and tragic decision. Shooting themselves in the foot to remove the marginal producer. The Russian and Saudis in a glob
WTI Weekly: Major Key Supports Fail Early Week As Selloff Continued To 20.53s
07:14pm, Sunday, 22'nd Mar 2020
Sell-side breakdown developed in Monday’s auction through early March’s key support, 27.35s, as price discovery lower developed toward 2016’s major support, 26s
Weekly Energy Recap: U.S., China, Investors All Seek To Store Oil
05:31pm, Sunday, 22'nd Mar 2020
The cost of transporting oil on supertankers has soared as refiners and traders scramble to secure vessels to ship more crude. That has increased the cost of lo
Crack Spreads Crack - Demand Destruction Weighs On Refiners
10:30am, Sunday, 22'nd Mar 2020
Crude oil tanked on the back of Coronavirus, and a flood of supplies from OPEC Plus. The gasoline plunge takes the crack spread to flat. Heating oil cracks are
OpenMarkets Weekly: The Oil Market's Ripple Effects
02:35pm, Saturday, 21'st Mar 2020
Many large sovereign wealth funds must find ways to repatriate money as oil prices sink. The recent oil price war between Saudi Arabia and Russia has had ancill
Brent-WTI Falls With The Price Of Crude Oil
10:00am, Saturday, 21'st Mar 2020
Coronavirus destroys demand. OPEC creates a glut. Brent is the pricing mechanism for two-thirds of the world’s production. WTI output will fall. USO and BNO are
