It's the basic successful investment rule: buy when everyone is selling and sell when everyone is buying. The rule has been proved right by many a legendary figure…
Fears of global crude storage hitting capacity are now dominating markets, sending oil prices falling towards $15
The week started out promising for crude oil traders, hoping for a boost in prices to shore up the U.S. oil industry and to stabilize prices. OPEC, Russia and other…
1. Potential debt crisis could hit commodity exporters hardest- Emerging market assets have seen risk…
COVID Market Update - Oilfield service providers continue to be hit hard. Having suffered during the last oil price crisis, it looks like this group will not be spared this…
Last week, I wrote here that while I was not in the “WTI to $10” camp of doom and gloom for energy, I could see short-term dynamics pushing crude to…
As of April 15th, there were over 2 million confirmed COVID-19 cases globally, with over 127,000 deaths, though the infection rate has been slowing as we witness a flattening of…
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week by 73, falling to 529, with the total oil and…
Saudi Arabia’s oil giant Aramco will be sending 4 million barrels per day (bpd) of its crude to Asia in May, down from the full contractual volumes of 6 million…
Emerging from the coronavirus lockdown, China’s oil refiners are buying ultra-cheap spot cargoes from Alaska, Canada, and Brazil, taking advantage of the deep discounts at which many crude grades are…
Russia and Saudi Arabia may be ready to enact deeper oil production cuts to stabilize prices, the energy ministers of the two countries said in a joint statement. The two…
Oil demand is expected to be down by nearly 30 million barrels per day (mb/d) in April and down by almost 10 mb/d for the entire year, according…
By now, it should be clear to everyone: the fallout of the coronavirus pandemic is killing both the energy and transportation industries, and now the future of EVs…
If one day Hollywood picks up a movie to make about this year’s decline in the U.S. oil industry, it could call it ‘The Big Shale Short,’ after the 2015…
American energy independence was a hot topic towards the tail-end of 2019 before the global coronavirus pandemic, but the oil price war threw a monkey wrench…
ConocoPhillips is reducing its 2020 capital expenditure for the second time in one month and is curtailing some production in Canada and the U.S. until market conditions improve, the oil…
As of April 15, Mexico, the world’s 10th-most populous country, had recorded 5847 cases and 449 deaths related to COVID-19, far behind the figures reported by its northern neighbor, the…
The renewable energy industry has not been spared by the significant job bleed that the coronavirus pandemic caused in the world’s biggest economy. Last month alone, 106,000 people from this…
COVID-19 is causing an unprecedented global economic crisis which also affects the LNG industry. In February China’s lockdown seemed to contain the outbreak of the virus but the ensuing pandemic…
Despite the unprecedented global oil production cut agreement from last week, the United States may still impose tariffs on oil imports, Bloomberg reports, citing a Washington official. “It continues to…