The Energy Bulletin Weekly September 21, 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Prices climbed $4 a barrel last week, closing at about $43 in London and $41 in New York. They were lifted by hurricane Sally in the Gulf of Mexico, which took more than 500,000 b/d offline and left production 30 percent below normal by week’s end.
The Energy Bulletin Weekly 14 September 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Futures posted their first back-to-back weekly loss since April’s rout with the end of the summer driving season and concern about OPEC’s production compliance weighing on prices.
The Energy Bulletin Weekly 8 September 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
New York futures settled near two-month lows after gains in the dollar reduced the appeal of commodities priced in US currency and concerns about over-supply mount.
The Energy Bulletin Weekly August 31, 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Oil prices rose for a fourth week in a row as the US Gulf Coast refineries began restarting, though gains were capped as investors shifted their focus from Hurricane Laura toward the slowing rebound in consumption.
The Energy Bulletin Weekly August 24, 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
The oil futures market has been trading in a narrow range for weeks with crude propped up by inventory drawdowns and high OPEC compliance with its production cut.
The Energy Bulletin Weekly: 17 August 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Prices squeezed out a small gain for the second straight week, but uncertainty around the US-China trade deal and fears of a resurgent pandemic limited the price rally.
The Energy Bulletin Weekly 10 August 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Prices edged up to the highest since March last week on a larger-than-expected inventory draw, a slightly improved US jobs report, and hopes for a new stimulus package from Washington.
The Energy Bulletin Weekly 3 August 2020
By Tom Whipple, Steve Andrews, The Energy Bulletin
Oil posted a small gain in July, boosted by a steadily weakening dollar and OPEC’s restraint. Deep output curbs by OPEC+ have helped futures rebound from their plunge below zero in April, yet the unprecedented cuts will ease this month.