Gas Traders Hope La Nina Will Bring Harsh Winter
The world’s natural gas traders are hoping for a brutal winter to help sustain a price rally back from a record-setting slump. Fresh in their minds are memories of the Continue Reading
Frac Sand Metric Declines
Shale firms are pumping an average of roughly 2.9 million pounds a day of frac sand this quarter, according to Coras Research LLC. (Bloomberg) — Frackers are blasting less sand Continue Reading
Spiking coronavirus cases and falling oil prices deliver dual blow to North Dakota
A recent surge in coronavirus cases is rekindling economic anxieties in North Dakota, where wildly fluctuating oil prices and recent drops in production threaten to leave the state’s finances in fresh Continue Reading
FEATURE: Russian oil companies clash with finance ministry over tax changes
Russia’s finance ministry is hoping to pass a law amending the excess profit tax for oil fields as early as this fall, despite open opposition from oil companies warning of Continue Reading
Crude futures rangebound in Asia trade as US inventories snap 6-week fall
Crude oil futures were rangebound in mid-morning trade in Asia Sept. 11 after the US Energy Information Administration reported an unexpected build in US commercial crude inventories after six weeks Continue Reading
Retreating Oil Prices Force OPEC+ To Reconsider Easing Cuts
The record oil production cuts that OPEC+ initiated in response to the demand and oil price collapse have helped the oil market to stabilize in recent months. Yet, oil prices Continue Reading
Oil Prices Decline Again
Oil resumed its trek downward after U.S. government data showed growing domestic crude supplies and wavering gasoline demand. Futures in New York fell toward $37 a barrel after an Energy Continue Reading
OIL FUTURES: Product prices slip as US gasoline demand plumbs 2-month lows
Weakened US product demand weighed on NYMEX product futures Sept. 10 even as gasoline inventories showed signs of normalizing after a sizable draw during the week ended Sept. 4. NYMEX Continue Reading
Surprise Crude Build Forces Oil Prices Lower
The slide in crude oil prices accelerated after the Energy Information Administration reported a crude oil inventory build of 2 million barrels for the week to September 4. A day Continue Reading
Floating Storage Begins To Fill Up As Oil Demand Wavers
Huge floating oil storage builds earlier this year became a major cause for oil price falls as the pandemic wiped out demand. Then, as OPEC+ started cutting production and countries Continue Reading