Oil & Energy

Google Ad

Natural gas futures fell on a bigger than expected build of +43 Bcf in natural gas storage last week. Ahead we focus on cold weather and the coronavirus effect, LNG and Mexican exports and the winter outlook for the US.

EIA reported massive builds in crude, distillate and gasoline storage. US production finally fell to 12.30 mbpd, off record high of 13.10 mbpd.Crude prices continue to fall despite OPEC+ cuts. Still oil production and inventories far outstrip demand since the Coronavirus.

Natural gas futures fell on a bigger than expected build of  +73 Bcf in natural gas storage last week. Ahead we focus on cold weather and the coronavirus effect, LNG and Mexican exports and the winter outlook for the US.

The OPEC Monthly Oil Market Report (MOMR) for April released Thursday provides OPEC's outlook for crude oil market developments for the coming year with key developments impacting oil market trends in world oil demand and supply.

EIA reported massive builds in crude, distillate and gasoline storage. US production finally fell to 12.30 mbpd, off record high of 13.10 mbpd.Crude prices continue to fall despite OPEC+ cuts. Still oil production and inventories far outstrip demand since the Coronavirus.

Natural gas futures fell on a bigger than expected build of  +38 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 inventories have ballooned with the collapse of demand from the Coronavirus. EIA reported massive builds in crude and gasoline storage and draw in distillate. US production finally fell to 12.40 mbpd, off record high of 13.10 mbpd.

The EIA cuts it's US 2020 crude production estimate to 11.76 mbpd from 12.99 mbpd in its STEO. This move is in line with US producers cutting CapEx. These cuts fit into the anticipated OPEC and Russian cuts.

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.

Google ads