Crude extended its slide to near $10 a barrel as exchange-traded funds and indexes flee the volatility of nearby futures contracts following the market’s plunge below zero last week. Futures fell in Continue Reading
The United States Oil Fund (USO) that was responsible for last Monday’s oil crash into negative territory is once again shaking up oil markets, and WTI is now down more Continue Reading
Oil fell after the biggest oil ETF said it would sell out of its June WTI futures position as physical oil storage levels continue to balloon. Futures in New York slid Continue Reading
The oil market is in freefall. The sector collapsed into pandemonium this week when the West Texas Intermediate (WTI) oil price benchmark fell below zero for this first time in Continue Reading
Asia is home to 60 percent of the global population and is the largest consumer of total primary energy, oil, coal, and renewables. It is also the third-largest natural gas Continue Reading
As silent factories and deserted offices hobble demand for electricity worldwide, the biggest loser is coal. In the U.S., coal’s share of power generation has dropped more than 5 percentage points since Continue Reading
While everyone is understandably watching the meltdown in the crude oil market, the global market for natural gas is also cratering. At least 20 cargoes of U.S. liquefied natural gas Continue Reading
Could anything good come out of the coronavirus pandemic? Amid mass deaths, lockdowns and the prospect of another Depression, it is hard to find a bright side. Yet one ray of Continue Reading
Oil prices are set to recover with the OPEC+ production cuts and gradual lifting of lockdowns around the world in the second half of 2020, when oil prices “will be Continue Reading
The Chinese word ‘crisis’ consists of the characters for ‘danger’ and ‘opportunity’. The unprecedented situation in global energy markets has provided traditional producers with an opportunity to displace incumbents in Continue Reading
