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- Category: Energy
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.
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- Category: Energy
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.
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- Category: Energy
Oil futures fell around 25% to a more than 18-year low on Wednesday as the impact of the Saudi Price War and Coronavirus pandemic caused mass exodus the day after option expiration. iIt was third worst day on record for oil futures.
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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 large draws in gasoline and distillate. US production new record high of 13.10 mbpd.
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- Category: Energy
Crude oil futures collapsed 25% after the weekend oil price war in the face of Coronavirus fears crushing demand.. EIA reported a large build in crude storage and large draws in gasoline and distillate. US production new record high of 13.10 mbpd.
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- Category: Energy
Saudi Arabia aggressively slashed oil prices Saturday. Divorce can be bitter, especially when it is between two parties like Saudi Arabia and Russia that should have never got married. The collapse of OPEC+ after Russia walked away and said produce as much as you want is the inevitable result of tolerating a cheating spouse
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- Category: Energy
Natural gas futures were steady after an as expected draw of -109 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.
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Crude oil futures fell with OPEC wavering in the face of Coronavirus fears. EIA reported a small build in crude storage and large draws in gasoline and distillate. The EIA said Crude oil inventories had a build of 784k bbls. Cushing drew -1971k bbls. US production new record high of 13.10 mbpd.
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Natural gas futures were rejected lower after a smaller than expected draw of - 143 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.
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- Category: Energy
Crude oil futures fell again after recovering some from Coronavirus fears after EIA reported a small build in crude storage and draws in gasoline and distillate. The EIA said Crude oil inventories had a build of 452k bbls. Cushing had a 906k bbls build. US production record high of 13.00 mbpd.
