Week in Review – January 8, 2021

It’s certainly been a crazy week, filled with headlines with direct implications for oil fundamentals. This week brought a major oil production announcement, a political shift in the US Senate, and violent protests at the US Capitol. Let’s break down some of the top headlines this week and the impact on oil 1. Saudis Announce […]

Major Shale Fracker Declares Bankruptcy

Tumultuous energy prices have sent fuel buyers on a wild ride, one which has been generally favorable – at least for the procurement team. But the companies on the other side of the equation, the oil producers and processors, have suffered from the collapse. Last week, shale oil producer Chesapeake Energy succumbed and declared bankruptcy, […]

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The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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