Resilience.org short break
By Resilience.org Staff, Resilience.org
The Resilience.org editorial team are taking a short break from 13-14 July. Regular posting will resume on Wednesday 15 July.
The Energy Bulletin Weekly 6 July 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Crude hit four-month highs on Thursday, aided by a tightening market and a better-than-expected US jobs report. The caveat is that the jobs survey took place before the latest Covid-19 wave and the associated business closures.
Energy Bulletin Weekly 29 June 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Oil posted its second weekly loss for the month as a surge in US coronavirus cases casts doubts on the market’s prospects for recovery. New York futures closed at $38 and London at $41 on Friday.
The Energy Bulletin Weekly 22 June 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
New York oil futures rose 2.3 percent on Friday to close at $39.75, the highest level since March 6th. The 9.6 percent increase for the week marks the seventh gain in the last eight weeks.
The Energy Bulletin Weekly: 15 June 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Oil futures fell by some 8 percent last Thursday, before closing out a quiet Friday at $36.26 in New York and $38.73 in London. Over the previous six weeks, prices have been climbing due to the OPEC+ and US shale production cuts, and the easing of pandemic lockdowns in China, Europe, and North America.
The Energy Bulletin Weekly: 8 June 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Oil prices posted a sixth weekly gain in London, more than doubling to $42.30 a barrel since April as demand recovers from the lockdowns. NY futures closed at 39.55 on Friday, up $2.14 for the day.
The Energy Bulletin Weekly 2 June 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Futures were volatile last week with prices bouncing between $31 and $35 a barrel in response to the latest news. Oil closed out May on Friday with a record monthly gain of 88 percent on hopes demand for oil would continue to rise as economies reopen and crude production continues to fall.
The Energy Bulletin Weekly 26 May 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
The four-week run of climbing crude prices continued through Wednesday, but prices fell on Thursday and Friday as doubts arose over the prospects for China’s economy and rising tensions with the US over the virus, the trade deal, and Hong Kong.
The Energy Bulletin Weekly: 18 May 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Oil prices continued to rise last week despite the uncertainty surrounding COVID-19. New York futures closed at $29.43 and Brent at $32.50.