This article was published by the Canada Energy Regulator on March 25, 2020. As of Friday 20 March 2020, the spot price for West Texas Intermediate (WTI) crude oil decreased by 65 per cent from [Read more]
This article was published by the International Energy Agency on Sept. 12, 2019. The oil market focus recently has been on demand as growth weakens amidst uncertainty around the global economy, and particularly trade. In [Read more]
Oil prices slipped on Wednesday after data from the US Energy Information Administration showed a significant increase in US crude stocks, but a third draw down in gasoline inventories helped underpin crude prices. Anadarko photo. [Read more]
NOPEC bills were introduced into the House of Representatives (HR 948) and the Senate (S 370) early last month, where they were referred to the respective judiciary committees for detailed consideration. Bloomberg photo. NOPEC bills [Read more]
Saudi Arabai has demonstrated, once again, that it can always tighten the physical market, boost prices and push the calendar spread into backwardation – if it is prepared to cut its own production enough. Reuters [Read more]
According to a survey by Reuters, OPEC production saw its largest monthly decline in two years this month. The decline is due to the cartel’s most recent supply cut agreement. Reuters photo. OPEC production down [Read more]
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