$56.01
-1.09 (-1.91%)
At Close: Jun 04, 2026
The Daily Dose: Lots To Unpack For Oil Price Movements
01:16am, Thursday, 20'th Aug 2020
Crude oil prices were lower early in the trading day on Wednesday after estimates showed a mixed bag for inventories of petroleum products in the United States.
Russia Exporting Less Crude Oil To Europe, But Probably Not For Long
08:52am, Wednesday, 19'th Aug 2020
Crude oil production in Russia has approached 9.8 million b/d in early August from less than 9.4 million b/d in July.
A Contrarian View On U.S. Oil Production
04:39pm, Monday, 17'th Aug 2020
Our contrarian view on US oil production is that the rebound observed in July and August so far is way higher than what the consensus is estimating.
Oil: Sector Ready To Double - How To Play It
08:15am, Monday, 17'th Aug 2020
US oil production bounced back but remained near its lows in June. OPEC eased its grip on the ultra-tight curtailments.
Weekly Energy Recap: Oil Demand Set To Falter Till 2022 As Virus Uncertainty Mounts
01:10pm, Sunday, 16'th Aug 2020
Crude oil prices remained stable for the third month in a row. Brent advanced to $44.80 per barrel by the end of the week as WTI also gained to $42.01 per barrel.
OPEC July 2020 Production Charts
12:05pm, Sunday, 16'th Aug 2020
OPEC crude only was up almost one million barrels per day in July. The lion's share of the increase in OPEC production came from Saudi Arabia.
OPEC: A Really Bullish Turn Of Events For Oil
02:43am, Friday, 14'th Aug 2020
Crude has been volatile for months and investors have largely suffered for it. New data provided by OPEC shows output from the group rising, which itself is a negative, but this is not all bad.
Strong Bullish News For Oil
07:14pm, Thursday, 13'th Aug 2020
The oil market's fundamentals continue to improve, with demand looking more robust and offsetting higher supply expectations.
Oil Prices Will Spike Because Linear Extrapolations Have Never Worked For Oil Markets
03:38pm, Thursday, 13'th Aug 2020
Market consensus back in March/April thought global inventories would hit tanktop because global supply and demand on an excel spreadsheet said so.
Weekly Energy Recap: U.S. Crude Glut Caps Prices
12:21pm, Sunday, 02'nd Aug 2020
Brent crude nudged up to $43.40 per barrel after another steady week. The US WTI oil benchmark took a different direction to Brent, falling to $40.27 per barrel.
U.S. May Production Plunges 2Mb/d
11:42am, Sunday, 02'nd Aug 2020
May production drop is just short of 2 Mb/d by 11 kb/d in the US. World oil production in April increased by 168 kb/d to 82,484 kb/d.
Assessing The Threat Of The Energy Transition Part 2: Electric Vehicles
08:00am, Friday, 31'st Jul 2020
EVs are a small portion of the vehicle fleet today, and their impact on oil demand will likely be modest for the next few years.
Oil Update - July 2020
07:26am, Friday, 31'st Jul 2020
For August, I am extending my July forecast for West Texas Intermediate of $35 to $45 per barrel. The question is whether people will adopt measures to help reduce the spread of the virus - such as so
U.S. Crude Storage Set To Decrease Further But The Market Has Already Priced It In
02:43pm, Thursday, 30'th Jul 2020
Oil prices shrugged off the largest crude storage draw of the year, and we think that's because the market has already priced this in.
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