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$56.01
-1.09 (-1.91%)
At Close: Jun 04, 2026
Refinery Throughput Needs To Move Higher To Support The Next Leg Up In Oil
04:25pm, Tuesday, 23'rd Jun 2020
Crude-led shortage has led the oil price rally. But for it to be sustainable, we need to see refinery throughput rise globally. For the US, we need to see at le
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
Oil - Brent Backwardation Comes Sooner Than Expected
03:27pm, Friday, 19'th Jun 2020
Brent 1-2 is now in backwardation. This is sooner than what we had expected (month-end) and much sooner than anyone else in the market had expected. Backwardati
Canadian Pipelines: Moving Ahead Or More Headwinds To Come
03:51am, Friday, 19'th Jun 2020
The initial excitement for the Keystone XL pipeline has worn off during the US election year. The imbalance between production and pipeline volumes is what's ca
OPEC May 2020 Oil Production
01:20am, Friday, 19'th Jun 2020
OPEC crude only production was down 6,300,000 barrels per day in May. Iraq finally cut by 330,000 barrels per day but this is still way below what they were exp
Large Increase In Crude Oil Flows From USA To China While Korean Imports Fell Sharply
07:52am, Thursday, 18'th Jun 2020
China's imports of US crude oil are expected to hit record-high levels in July with cargoes shipped in May having surpassed 550,000 b/d. Flows from the USA to S
Oil Still Looks Bullish
04:18am, Wednesday, 17'th Jun 2020
Oil prices have rebounded nicely from their historic lows, but they are still lower than what the data warrants. EIA data suggests a picture that's less-bearish
IEA Oil Market Report Illustrates The Incoming Oil Market Deficit
04:02pm, Tuesday, 16'th Jun 2020
IEA sees oil market deficit starting in June. Our estimate is very close to IEA's latest forecast, but we have a larger supply increase (OPEC+ increasing) in 20
Worst Performing ETFs Of The Year
12:30pm, Wednesday, 13'th May 2020
Funds related to crude oil have been the hardest hit this year.
USO, UCO, LABU and ITB among weekly ETF movers
09:13pm, Friday, 01'st May 2020
Gainers: Direxion Homebuild & Suppliers Bull 3X (NYSEARCA:NAIL) +32.00%.Direxion S&P Biotech Bear 3X (NYSEARCA:LABD) +19.7%.Latin America Bull 3X Direxion (NYSEARCA:LBJ) +18.7%.Microsectors U.
U.S. rig count plunges again in sixth straight weekly drop
05:10pm, Friday, 01'st May 2020
The count of drilling rigs active in the U.S. falls by 57 on top of last week's decline of 64, dropping the total to 408 for the sixth consecutive decline in Baker Hughes' weekly survey.U.S. oil rigs
Outlook For Energy Unchanged
10:08am, Thursday, 30'th Apr 2020
Oil producers likely underestimated the effects of the demand crunch happening at the same time as their supply bids. While agreements to cut oil production may
Crude up 16% as Norway adds to global supply cuts
10:06am, Thursday, 30'th Apr 2020
Western Europe's biggest oil producer, Norway, is voluntarily joining international efforts to cut supply for the first time in almost two decades."We will cut production by 250K barrels per day i
