The Energy Bulletin Weekly 30 March 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
During these times of tremendous turmoil, it may seem a little irrelevant to change the name of an energy newsletter and then bother to explain why. We acknowledge the overwhelming concerns of the day, knowing that your focus is elsewhere. We hope this missive finds you all in good health and reasonable spirits.
Peak Oil Review: 23 March 2020
By Tom Whipple, Steve Andrews, Peak-Oil.org
The market situation changed rapidly last week. On Monday, the oil traders were focused on the Saudi price war. By week’s end, however, the Saudi initiative had been overshadowed by the rapid spread of the coronavirus and its impact on oil demand.
Peak Oil Review: 16th March 2020
By Tom Whipple, Steve Andrews, Peak-Oil.org
Global oil consumption is in free-fall, heading for the biggest annual contraction in history, as more countries introduce unprecedented measures to fight the coronavirus outbreak. Travel bans, work-from-home, canceled vacations, and disrupted supply chains across the world all mean reduced demand for fuel.
Peak Oil Review: 9 March 2020
By Tom Whipple, Steve Andrews, Peak-Oil.org
Last week saw upheavals in the financial and energy markets as the coronavirus continues to spread rapidly across the world and the OPEC+ production limiting agreement broke down.
Peak Oil Review: 2 March 2020
By Tom Whipple, Steve Andrews
As the coronavirus epidemic spreads to some 60 countries, the outlook for the oil industry and, indeed, the global economy is undergoing a sea change.
Peak Oil Review 24 February 2020
By Tom Whipple, Steve Andrews, Peak-Oil.org
Oil prices settled lower Friday, ending eight consecutive up days, due to the increasing spread of the coronavirus outside of China. London settled down 81 cents at $58.50, and New York finished 50 cents lower at $53.38.
Peak Oil Review: 17 February 2020
By Tom Whipple, Steve Andrews, Peak-Oil.org
Oil prices rebounded last week as traders decided that the coronavirus was not going to expand much further outside of China and that control measures were starting to work. WTI closed out the week at $52 a barrel and London at $57.
Peak Oil Review: 10 February 2020
By Tom Whipple, Steve Andrews, Peak-Oil.org
Oil prices posted a fifth weekly decline, weighed down by the loss of demand from China caused by the coronavirus outbreak. OPEC and Russia tried all week to come up with a unified position on how to contain the price slide.