Oil prices jumped on Wednesday after U.S. stockpiles rose less than expected and gasoline stocks fell, with support also coming from hopes that demand will improve as some European countries and U.S. cities moved to ease coronavirus lockdowns.
June …
It’s not all about storage.
Yes, the world is watching the available amount of oil storage to try to figure out when the ‘tank tops’ and there’s simply no more space to fill with unneeded crude. There are, however, …
Casillas Petroleum Resource Partners sued Continental Resources Inc, alleging the Oklahoma shale producer last month backed out of a $200 million oil and gas deal as prices crashed.
U.S. crude futures prices have tumbled, with coronavirus-related lockdowns and travel …
Oil alternated between gains and losses in a volatile trading session that at one point saw U.S. crude drop more than 20%. Traders continue to eye dwindling storage capacity worldwide, although some of the losses were offset by optimist …
LONDON/MOSCOW – From Kazakhstan and Azerbaijan to Nigeria and Angola, oil majors are haggling with national governments over how to share out deep production cuts that add to their pain from low oil prices and depressed fuel sales because …
LONDON – Oil prices were mixed on Tuesday as optimism about the easing of coronavirus-related restrictions reassured markets, although traders remained cautious with storage capacities filling up fast and supply cuts not deep enough to counter falling demand.
Brent …
FORT WORTH, Texas, April 27, 2020 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that first quarter 2020 production averaged approximately 2,294 Mmcfe per day. Range continues to expect 2020 production to average approximately …
PUERTO ORDAZ/MARACAIBO, Venezuela – Venezuelans reported paying above $2 per liter ($7.57 per gallon) for gasoline last week amid fuel shortages, one of the world’s highest rates and a dramatic reversal for an OPEC nation that long boasted of …
Earnings from China’s oil firms are going to “look pretty ugly” in the short-term, one Bernstein analyst told CNBC on Monday.
“We’re expecting very significant losses in the first quarter for PetroChina and Sinopec as a result of the …
Call it an S&P bright spot.
Energy was the only S&P 500 sector to end last week in the green, capping off a wild five trading days in the space.
The Energy Select Sector SPDR Fund (XLE) was down …
LONDON – Oil prices slumped again on Monday on concerns over scarce storage capacity, especially in the United States, and global economic doldrums from the coronavirus pandemic.
U.S. oil futures led losses, falling by more than $3 a barrel …
Stu and Michael back out it for another week head in oil!! Wild show starts with a rant from Michael about negative pricing and the huge unintended consequences from this contango market. The duo then shifts to the top stories
Oil & Gas 360
Historic plunge in oil to NEGATIVE $37, WTI!?!?
A Red Herring… For Most, For Now.
How Can Prices Go Negative? That doesn’t make sense.
You’re correct- it doesn’t make a whole lot of sense unless you …
KATY, Texas, April 24, 2020 /PRNewswire/ — U.S. Silica Holdings, Inc. (NYSE: SLCA) today announced temporary pay reductions for its top executives and board in response to the COVID-19 pandemic and expected lower oilfield well …
MILAN – Italian energy group Eni lowered its forecast for production and investments on Friday and braced for “a complicated 2020” as the coronavirus crisis destroys oil and gas demand and hammers prices.
Across the industry, producers are being …
Oil prices moved between gains and losses on Friday, following a two-day winning streak that saw West Texas Intermediate gain more than 40%. The turn lower game despite some producers like Kuwait said they would move to cut output …
LONDON – Global oil supplies may be 6% less than expected by 2030 because of delays to investments by energy companies in response to falling crude prices due to the coronavirus crisis, data from energy analysts at Rystad showed.…
Episode #10. The 360 Digital Bell Look Back Report. Michael Tanner, the Host of the closing bell, covers what happen for during this week; the good the bad and the homely. We cover the article by David Forsberg on the
Rare Petro
Abstract:
The dual black swan events of the COVID-19 pandemic and oil price war have created a unique analytical opportunity within petroleum products. As oil prices crash, the natural gas prices have largely remained unchanged. This is due …
The World Bank slashed its outlook for oil and metals prices on Thursday due to the economic fallout of the coronavirus pandemic and said the commodity market shock could hit developing countries hardest.
Crude oil prices are expected to …
The historic plunge in oil prices earlier this week has left some major exporters of the commodity scrambling to shore up their economies.
The U.S. West Texas Intermediate (WTI) crude contract for May delivery fell by more than 100% …
The widow-making collapse in oil prices came to a pause in Asia trade on Thursday, but analysts aren’t convinced that the worst sell-off in oil market history is over yet.
“We think that this is the inflection phase,” Goldman …
NEW YORK – U.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy debt loads and a dual supply/demand shock in the worst crisis the oil industry has faced.…
Oil jumped more than 30% on Thursday, accelerating the recent rally as the Street eyed continued production cuts and rising U.S.-Iranian tensions.
West Texas Intermediate, the U.S. benchmark, rose 30%, or $4.18, to trade at $17.96 per barrel. …
NEW YORK – President Donald Trump’s plan to fill the U.S. emergency crude oil stockpile has become the centerpiece of his administration’s strategy to shield drillers from a meltdown in energy demand – but company officials and industry groups …
