Exxon, Chevron Issue Apocalyptic Warning About What Happens Next To Oil
by Tyler Durden Just about two months ago, JPMorgan did the math on “How Long Before The World Hits Crude…
Oil Prices
World’s Top Oil Trader Is Now A Used Car Salesman
Vitol Group, the world’s largest independent oil-trading firm, has been startled by the prospects of peak oil demand as it…
WTI Holds Losses As US Distillates Stocks Reach 38-Year Highs
Oil prices are lower overnight after a surprisingly large crude inventory build reported by API. The energy complex was not helped by…
“We Are Moving Into The End-Game”: 27 Tankers Anchored Off California, Hundreds Off Singapore As Oil Industry Shuts Down
Back in the late fall of 2014, when Saudi Arabia broke up OPEC for the first time and unleashed a…
A Shift In The Global Financial Order Is Upon Us
The collapse in bond yields, exacerbated by the crash in oil prices, marks an end to the era of trust…
No Financing And No Demand: Chinese Refiners Run Into Trouble
International banks are suspending credit lines for some independent oil refiners worried about the growing risk of defaults across industries…
“Tankers, Tankers. Everywhere!” – Virus Causes Historic’ Traffic Jam’ Across Asian Supply Lines
Covid-19’s effect on global energy markets has been disastrous. OPEC slashed its oil demand forecast last week, and Goldman Sachs doubled down…
Coronavirus Triggers “Biggest Shock” To Oil Markets Since Lehman Crisis
Update: The Telegraph’s Ambrose Evans-Pritchard warned that the collapse in Chinese oil consumption is “the biggest shock to oil markets since the Lehman…
Oil Prices Jump as the US, Iran Trade Blows
Experts believe that the market will self-correct as it did on multiple occasions in 2019 despite Mideast tensions US President…
The Next Ten Years In Oil Markets
An eventful 2019 wraps up a decade of turmoil in oil markets, in which Brent Crude prices fluctuated from as high as US$125 a…