Oil Rig Count Inches Higher In Coronavirus Plagued Markets
Baker Hughes reported that the number of oil and gas rigs in the US rose this week by 1 to 791, with the total oil and gas rigs clocking in Continue Reading
Oil Prices Fall As OPEC+ Refuses To Act
Oil prices fell on Friday as OPEC+ decided not to move its March meeting forward while Russia indicated that it currently has no intentions to cut production further. Market Movers Continue Reading
Oil falls over 2% on concerns over economic toll from virus
Oil prices slid more than 2% on Friday as investors fretted about crude demand being pinched by the economic impact of the coronavirus outbreak while leading producers appeared to be Continue Reading
Crude Prices Soar As Analysts Shift Gears And Now Worry About A Supply Shortage
The perpetual pendulum of crude traders worrying about the world swimming in oil on one end and worrying about supply shortages at the other swung decisively to the latter on Continue Reading
Oil Won’t Stage A Meaningful Rally Until This Happens
Crude oil futures are trading higher for the week, but Friday’s steep sell-off is threatening to erase all of those earlier gains. After reaching a one-month high on Thursday, prices Continue Reading
UBS cuts 2020 oil price forecast to $60/b over coronavirus impact
Swiss investment bank UBS trimmed its Brent oil price forecast for 2020 Friday but said it saw the market recovering from the third quarter as the impact on Chinese oil Continue Reading
Have We Passed ‘Peak Growth’ For Tight Oil?
Has U.S. oil production growth hit the buffers? Supply has boomed over the last decade, disrupting the market, domestically and internationally. But weak commodity markets and corporate strategies are now Continue Reading
Non-OPEC Output Reaches New High
Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIA’s International Energy Statistics and updated to October 2019. Continue Reading
Warmest January Ever Puts 2020 on Track to Be One of Top 10 Hottest Years
It may only be February, but 2020 is already “virtually certain” to be among the 10 warmest years on record, and has nearly a 50 percent chance of being the Continue Reading
Two New Studies Add Fuel to the Debate Over Methane
Two new studies this week bring up new information on the sources of methane in the atmosphere. Credit: Spencer Platt/Getty Images Researchers this week released two debate-stoking new studies about Continue Reading