The Energy Bulletin Weekly: 8 June 2020
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.
oil prices
The Energy Bulletin Weekly 2 June 2020
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
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.
Energy Bulletin Weekly: 11 May 2020
Oil posted its first back-to-back weekly gain since February amid optimism that production cuts are beginning to eat into the massive supply glut. Futures in New York climbed 25 percent to circa $25 and $31 in London.
So We’re All in This Together…Really? What About Big Oil?
So what are we make of the fact that the price of oil tanked to below zero per barrel on April 22, the greatest drop in history? The price has gone up slightly since then, hovering around $16 a barrel on April 25th, but it is still severely depressed. Who will suffer from this? And perhaps more importantly, who will gain?
The Energy Bulletin Weekly: 4 May 2020
Crude posted its first weekly gain in a month as global production cuts start to lift physical markets. Futures in New York rose 17 percent last week to close at $19.78 in NY and $26.44 in London.
For Oil and Its Dependents, It’s Code Blue
If oil has been laid low by the coronavirus, then the nations whose economies most depend on it might soon be on ventilators. By any prognosis the great oil price collapse of 2020 has pushed the world’s most volatile commodity into Code Blue.
The Energy Bulletin: 27 April 2020
The long-awaited crash in the oil markets came last week when traders finally realized that oil consumption was so low and production was so high that the world was within weeks of having no place to store crude and oil products.
The Energy Bulletin Weekly 20 April 2020
The global demand for oil is expected to be down by nearly 30 million (or maybe even 40 million) b/d in April, according to the latest estimates. Some forecasts still optimistically assume that demand will bounce back in the second half of the year in a “V-shaped” recovery.
The Energy Bulletin Weekly: 13 April 2020
It was a volatile week as the world’s major oil producers struggled to find a way to raise prices from ruinous levels as the global consumption of oil sank by about a third from pre-virus levels.
The Energy Bulletin Weekly 30 March 2020
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.
Oil Price Crashes in Wake of Coronavirus (COVID-19)
The global oil price has crashed, mainly as a result of the coronavirus (COVID-19), and earlier in the week hit lows not seen for two decades, of around $20 a barrel for WTI and $24 for Brent crude.
