Post Tagged with: "Contango"

Source: Reuters

Column: Oil prices transitioning to next phase of cycle – Kemp

Reuters


LONDON  – Brent futures prices have risen by more than 80% over the last two months, the fastest increase at any point for more than a quarter of a century, as the market has rebounded from its worst crisis …

June 23, 2020 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Column: Oil traders see market starting road to recovery: Kemp

Reuters


LONDON – Crude oil traders expect the market to be closer to balance in the next few months as production cuts are implemented and the global transport system emerges from a coronavirus lockdown.

Futures prices and swaps linked to …

Source: Reuters

Whether OPEC+ formally agrees, deeper oil cuts now look inevitable

Reuters


LONDON – Whether or not OPEC+ oil producers formally agree to extra oil output curbs, rapidly filling storage capacity and plummeting demand due to the coronavirus crisis may force them to cut more.

With crude consumption collapsing, the Organization …

April 22, 2020 - 10:07 am Closing Bell Story‎, Commodity Pricing, Crude Oil News, OPEC
The oil glut is filling up the world’s supertankers fast

The oil glut is filling up the world’s supertankers fast

Houston Chronicle


The world’s oil tankers are being filled with crude at a record pace as the options to store a glut on land rapidly diminish, one of the industry’s largest owners said.

A combination of surging production from key …

Contango, CEO Part Ways

Contango, CEO Part Ways

Houston-based Contango Oil & Gas Company (NYSE American: MCF) President and CEO Allan D. Keel has resigned all positions at the company effective immediately, Contango said in a news release yesterday.

Contango said it has appointed John C. Goff and …

Contango Sells Eagle Ford Assets

Contango Sells Eagle Ford Assets

Contango Announces Sale of Certain Non-Core Assets