Oil & Energy

Google Ad

Crude oil futures stagnated with the collapse of demand with Coronavirus. EIA reported massive builds in crude and gasoline storage and draw in distillate. US production is steady just off record high of 13.10 mbpd.

Natural gas futures fell ahead of a lower than expected draw of  -19 Bcf in natural gas storage. Ahead we focus on cold weather and the coronavirus effect, LNG and Mexican exports and the winter outlook for the US.

Natural gas futures fell ahead of a lower than expected draw of  -19 Bcf in natural gas storage. Ahead we focus on cold weather and the coronavirus effect, LNG and Mexican exports and the winter outlook for the US.

President Trump will meet with company CEOs, uncluding Exxon,Chevron and Occidential on Friday reports the WSJ.This comes at a time when oil prices have collapsed from the Coronavirus and a Russian and Saudi price war with bankruptcies building in the US energy sector. The meeting is to take place at the White House. Expect comments from Trump into the meeting.

Crude oil futures stagnated with the collapse of demand with Coronavirus. EIA reported massive builds in crude and gasoline storage and draw in distillate. US production is steady just off record high of 13.10 mbpd.

Natural gas futures were after higher than expected draw of  -29 Bcf in natural gas storage. Ahead we focus on cold weather and the coronavirus effect, LNG and Mexican exports and the winter outlook for the US.

Crude oil futures continue to collapse in the face of the oil price war  and Coronavirus fears crushing demand.. EIA reported a build in crude storage and smaller draws in gasoline and distillate. US production came slightky off the record high of 13.10 mbpd.

The Dallas Fed First Quarter Energy Survey released on March 25, 2020 asked what West Texas Intermediate (WTI) oil price does your firm need to cover operating expenses for existing wells? The coronavirus and Saudi price war has crashed oil prices.

Oil prices have collapsed with Canada's key benchmark under $4, WTI under $20 and Russia under $9. Norway's Rystad Energy says the ‘largest oil supply surplus the world has seen will hit the global market from April.

Natural gas futures were steady after near expected draw of  -9 Bcf in natural gas storage. Ahead we focus on cold weather and the coronavirus effect, LNG and Mexican exports and the winter outlook for the US.

Google ads