• 2 days The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 7 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 21 hours European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 4 days Demonising fossil fuels has caused major grid problem in Australia
  • 8 days "And this is perhaps the most dangerous kind of government there can be."
  • 3 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 3 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 5 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 330 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 7 days ESG Topic - "German Police Raid Deutsche Bank, DWS Over Allegations Of Greenwashing" - ZeroHedge Bloomberg and others
Can The Global Gasoline And Diesel Crisis Be Solved?

Can The Global Gasoline And Diesel Crisis Be Solved?

Refiners are generating blowout profits…

Iranian Food Consumption Plummets As Prices Soar

Iranian Food Consumption Plummets As Prices Soar

Soaring prices are weighing on…

Editorial Dept

Editorial Dept

More Info

Premium Content

2020: A Historic Year In Review

For most people, the idea of looking back on the last year is probably not that appealing. The phrase “because, you know, 2020…” has become a punchline, and for good reason. This year will forever be remembered as the year that Covid-19 arrived, killing hundreds of thousands of Americans and over 1.5 million people worldwide. With that tragedy came the attempts to limit the carnage, at least for a while, businesses closed, and people stayed at home, resulting in the largest single-quarter drop in GDP ever, massive job losses and devastation for small businesses.

Still, looking back is what most people, and especially traders, do at this time of year. We learn from our mistakes, resolve to repeat our successes, and make educated guesses as to what we can expect next year.

From an energy trading and investing perspective, 2020 was a historic year. It started well enough, with WTI trading above $60, then the decline began. It was so big and so fast that in April, for the first time ever in the long history of oil futures trading, a contract went negative. For a short time, rather than paying for crude, you got paid up to $37 a barrel for taking it as a contract expired. Even for delivery a month out, WTI traded as low as $6.50 per barrel... That was the result of a “perfect storm” of epic proportions.

U.S. output, encouraged by a White House that seemed intent on repealing every regulation on the oil industry, passing every…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News