Post Tagged with: "Oil Futures"

Source: CNBC

Saudi Arabia’s latest oil production cuts show it is back in ‘whatever it takes’ mode, strategist says

CNBC


Voluntary production cuts by OPEC members show that oil producing countries are doing what they can to stabilize the market during the ongoing coronavirus outbreak, one strategist told CNBC this week.

Saudi Arabia on Monday said it will reduce

Source: Reuters

Oil prices resume slide on oversupply and storage concerns

Reuters


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 …

Source: Reuters

Oil at two-decade lows, price of U.S. crude for delivery below zero

Reuters


LONDON – Benchmark Brent and U.S. oil futures for June delivery plunged to around two-decade lows on Tuesday, a day after U.S. May futures sank into negative territory for the first time in history as demand tumbled due to …

April 21, 2020 - 9:00 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Saudi Arabia gets physical with Russia in underground oil bout

Reuters


MOSCOW – Behind a Saudi-Russian truce to stabilise oil markets with a record output cut, market players are seeing the two production heavyweights still trading blows in the physical market.

It is here, rather than in the world of …

Source: CNBC

The sell-off in oil isn’t ‘entirely comparable’ to what happened with SARS, says CEO

CNBC


There’s a “bear stampede” in the oil market as a new coronavirus spreads, but that may not be directly comparable to the sell-off in 2003 associated with the outbreak of severe acute respiratory syndrome (SARS), according to an energy

Growth in Tight Oil Shakes Up Oil Futures Markets and Hedging Needs

Growth in Tight Oil Shakes Up Oil Futures Markets and Hedging Needs

From Bloomberg

Declines in open interest of WTI forward contracts seen: CFTC

Shale boom has shifted producers’ need to hedge farther out

The vibrations of the shale boom are now shaking the futures market.

A visible decline in open interest …

September 7, 2018 - 1:05 pm Closing Bell Story‎, Commodity Pricing, Energy News