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At Close: Jul 31, 2026
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
OPEC+ reaches deal on 10M barrel production cut - Reuters
02:37pm, Thursday, 09'th Apr 2020
Oil prices (CL1:COM) ramp up following reports that Saudi Arabia and Russia have reached a deal on deep production cuts.Cuts could be as large as 20M bbl/day, Reuters reports, citing an unidentified R
Natural Gas Market Starting To Discount Oil Production Shut-Ins
07:02pm, Wednesday, 08'th Apr 2020
Forget the weather for a moment here, although it's very bullish. Production shut-in in the shale oil basins will be so large as to overwhelm demand destruction
Russia Doesn't Have A Lot Of Options But To Agree To A Big Production Cut
06:35pm, Wednesday, 08'th Apr 2020
Russia will cut oil production whether it wants to or not. It is not a real force in the oil market because it has never cut production in the first-place. The
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
U.S. crude supply rose 11.9M barrels last week, API says
09:10pm, Tuesday, 07'th Apr 2020
The American Petroleum Institute reportedly shows a build of 11.9M barrels of oil for the week ended April 3, its second consecutive increase after two straight declines.Gasoline inventories reportedl
Oil - The Shale Treadmill Is Going To Be A Thing Of Beauty
08:44pm, Tuesday, 07'th Apr 2020
Everyone will now see just how vulnerable US shale is going to be. US shale growth is akin to a manual treadmill. While it is easier to increase speed initially
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
Crude Reality Shadows Soaring Job Losses
10:06am, Tuesday, 07'th Apr 2020
US nonfarm payrolls collapsed by 701K, the biggest one-month drop since the financial crisis, while unemployment jumped to 4.4% from 3.8%, posting the biggest m
OIL: Wait For OPEC+ Before Buying Crude
08:57am, Tuesday, 07'th Apr 2020
OIL has taken a strong hit this year as demand destruction has been met with a price war between Saudi Arabia and Russia. OPEC+ meets later this week to determi
The Mechanism Of This Upcoming OPEC+ Cut And What It Means For Oil Prices
10:14pm, Monday, 06'th Apr 2020
OPEC+ meeting has been delayed until the end of this week to give producers more time to negotiate. From what we know, high-level discussions have all agreed on
Oil slides amid output uncertainty, forecast for big Cushing stockpile gain
07:33pm, Monday, 06'th Apr 2020
Crude oil prices (CL1: COM) plummeted as uncertainty around the prospect of production cuts outweighs remarks from the CEO of Russian sovereign wealth fund RDIF that the country was "very close
Oil pares big losses as Saudis, Russia near deal
06:22am, Monday, 06'th Apr 2020
Down by nearly 11% at one point during the night, oil has now pared most of its losses.Russia and Saudi Arabia are "very, very close" to a deal on production cuts, said Kirill Dmitriev, CEO of
