US Lost Net-Exporter Status in Q2, Regains in Q3

It’s a relatively calm day for oil markets – no new hurricanes, OPEC headlines, or COVID shockers. California did ban the sale of new fossil fuel-consuming cars after 2035, joining some European countries who have offered similar legislation, though the change is too far in the future to impact markets today. Given today’s quiet outlook, […]

Week in Review – September 25, 2020

WTI crude finished lower for the week from Monday’s open to Friday’s open. Fears of Libyan crude deepening the oil glut caused markets to fall on Monday. The imminent return of 1 MMbpd of Libyan supply spooked the market to start the week. Tropical Storm Beta caused flooding in Houston and Louisiana, but most of […]

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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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