|Day's range||59.68 - 60.33|
大乐透开奖 www.pdv8.com North Dakota's total number of producing wells tallied 15,397 at the end of January, the highest on record.
The oil-price collapse of 2018 should have sent a clear message to producers to change production behavior or risk another price crash going forward
The United States has started to target vessels that are transporting Iranian crude oil in violation of sanctions, threatening repercussions to shippers without a sanction waiver
Marathon Petroleum Stock Is Volatile in Q1Marathon Petroleum’s stock performanceSince the beginning of the first quarter, Marathon Petroleum (MPC) stock has been volatile. The stock?rose in January?and fell in February. So far, the stock has
The gold prices bounced higher during Tuesday’s session using the 50 Day EMA as support. The silver prices rallied higher during yesterday’s session but ran into resistance at the $15.50 level and also the 50 Day EMA slope. With USD going weak against major currencies of the world, the silver prices will continue to drive value and pullbacks will offer a nice buying opportunity until it breaks below the $15 level.
Vitol, the world’s largest independent commodities trader sees peak oil demand in 15 years from now as it recognizes the need for more green energy
The Zacks Analyst Blog Highlights: HighPoint, Bonanza Creek, Extraction Oil, SRC Energy and Anadarko
The Canadian province of Alberta has further relaxed its production cuts, looking to increase the production quota in both May and June
A committee of the most influential members in the 24-nation alliance of OPEC and non-OPEC countries?met in the Azerbaijani capital, Baku, on Sunday and Monday and?agreed to go beyond their pledged 1.2 million barrels a day of supply curbs in the coming months. The latest forecasts from supply-and-demand studies of the oil industry’s most-watched?organizations—the International Energy Agency,??the U.S. Energy Information Administration, and the Organization of Petroleum Exporting Countries itself—show that they will need to do just that. The three agencies are coming to a consensus view that the world will need around 30.5 million barrels a day from the OPEC countries on average?in 2019.
Oil Bulls: US Oil Exports Tend to Fall MoreBrent-WTI spread On March 18, Brent crude oil May futures settled ~$8.2 higher than the WTI crude oil May futures. On March 11, the spread was ~$9.5. In the past five trading sessions, the Brent crude oil
Why Oil's Rise Might Be Unstoppable(Continued from Prior Part)Futures spread On March 18, the US crude oil May 2019 futures closed ~$0.24 above the May 2020 futures. On March 11, the futures spread was at a discount of $1.2. On March 11–18, US
Why Oil's Rise Might Be Unstoppable(Continued from Prior Part)Oil rig count Last week, the oil rig count fell by one to 833—the lowest level since May. The rig count tends to follow US crude oil prices with a three to six-month lag. In February
Why Oil's Rise Might Be UnstoppableUS crude oil On March 18, US crude oil prices rose 1% and settled at $59.38 per barrel—the highest closing level for active US crude oil futures since November 12. The oil prices likely rose due to the falling
Futures advanced 1 percent in New York on Monday. The group known as OPEC+ closed a weekend meeting in Baku, Azerbaijan, having reaffirmed an intent to continue output cuts. At the same time, production in Venezuela and Iran is expected to continue declining.
U.S. sanctions haven’t led to a shortage of crude oil supply in global markets according to Saudi Oil Minister al-Falih as the cartel still sees inventory builds
Energy Sector Highlights Last WeekUS crude oil last week On March 8–15, US crude oil April futures rose 4.4% and closed at $58.52 per barrel—the second-highest closing level for active US crude oil futures since November 12. In the past week,
The hotly debated and controversial measure, known as Senate Bill 181, is being referred to as 'the most sweeping oil and gas reforms' the state has seen.
Investors need to pay close attention to Laredo Petroleum (LPI) stock based on the movements in the options market lately.
What's behind Your Energy Portfolio Gains?(Continued from Prior Part)Oil’s implied volatility On March 14, US crude oil’s implied volatility was 24.5%, which was 11.4% below its 15-day average. Usually, lower implied volatility supports oil
Money managers increased wagers on rising West Texas Intermediate and Brent crude prices to the highest since October ahead of a key meeting of top exporters in Azerbaijan over the weekend. OPEC and its partners need to “stay the course” until June as the group’s job is “nowhere near complete” in terms of restoring oil-market fundamentals, Saudi Energy Minister Khalid Al-Falih said late Sunday. “As long as we come out of the weekend with stasis, the hedge funds will consider that a positive sign and will continue to support the bull run,” Ashley Petersen, an oil analyst at Stratas Advisors LLC in New York, said before the meeting.
A committee of the most influential members in the 24-nation alliance, which includes Russia, Iraq and the United Arab Emirates, agreed to go beyond their pledged supply curbs in the coming months. The change in timing, which still needs to be agreed by the wider coalition, reflects what the committee described as “critical uncertainties” in the oil market, with U.S. sanctions threatening to remove significant supplies from Iran and Venezuela. It’s also the latest sign that Russia, not Saudi Arabia, is setting the agenda for a group that controls more than half of global crude production.
Our work suggests that $58.63 is the line in the sand for WTI traders, and $67.74 for Brent traders. This is the level where concerns over global demand and high U.S. oil production meet optimism over OPEC-led production cuts and unplanned problems in Iran and Venezuela.