Yesterday, crude prices finished the day at 10-week highs after seeing some downward pressure when the EIA reported inventory numbers. While crude had a surprise draw, products both built more than expected. The bulls won out as the crude market closed with strength. Markets are seeing an uptick in demand across all products as the […]
On Tuesday, WTI Crude finished a quiet day up about 50 cents to close out the June contract with gains on the books. Oil prices have been on an upward trend for the past three weeks – spurred by increasing demand and OPEC+ production cuts. This morning we are seeing prices lifted by a bullish […]
Oil rises on signs of firmer demand, fall in U.S. crude stocks Oil prices rose on Wednesday amid signs of improving demand and a drawdown in U.S. crude inventories but worries over the economic fallout from the coronavirus pandemic capped gains. Click here to read more from CNBC. Australia revamps climate fund to encourage Big […]
Yesterday, WTI crude broke into the $30 price range for the first time since the 1st quarter of this year. Prices are continuing their upward trend in early trading this morning. The negative prices of last month seem like a distant memory as the June contract prepares to expire while holding onto gains. Several factors […]
Nat Gas News Why U.S. Oil And Natural Gas Demand Will Rebound From Coronavirus Amid COVID-19 and an oil price war, recent months have marked perhaps the roughest stretch ever for the U.S. oil and natural gas industry. For oil, sinking demand with global overproduction plunged prices and rattled balance sheets. In fact, oil prices […]
Oil prices are swelling higher this morning on renewed optimism of a quick return to normalcy. OPEC+ supply cuts are helping to reboot oil prices, with the IEA forecasting May supply to fall by a historic 12 million barrels per day relative to April. The key question to evaluate now is when supply and demand […]
Nat Gas News Federal And Provincial Government Assistance For Canada’s Oil And Natural Gas Industry On April 17, 2020, the federal government announced financial relief measures for Canada’s oil and natural gas industry, which has been suffering due to reduced demand brought about by the COVID-19 pandemic and the associated drop in oil prices. The […]
The crude market is on track to post its third weekly gain, bringing crude prices to their highest level in over a month. With rig counts falling to all-time lows, markets anticipate declining US oil production, which combined with OPEC+ cuts should help bring supply and demand back into balance. Many analysts believe oil markets […]
While oil markets are closely monitoring the return to normalcy for demand, equity markets are turning their attention to US-China tensions, which have continued escalating in recent days. Ths US has been ramping up its military presence in the Indo-Pacific region, conducting training exercises throughout the region and issuing provocative statements of America’s ability to […]
Yesterday, crude prices fell from a DOE-induced rally to end the day in the red. After the DOE released its weekly stats, the market rallied on positive crude inventory trends, only to give back those gains in afternoon trading. Markets are higher this morning on news that the IEA lowered its forecast for global crude […]
