Oil: The Storm Before the Really Big Storm
West Texas Intermediate, the oil grade most associated with American production, plunged down to -$40 April 20. You read the right. For a while yesterday, sellers had to pay people forty bucks to [...]
OPEC Production Deal, or Price War 2.0?
After the better part of five days of marathon negotiations spearheaded by Saudi Arabia with the goal of eliminating coronavirus-induced overhang in oil supply, global oil producers hammered out [...]
Breaking News – OPEC dissolved as a meaningful organization at their Dec 4 summit.
Rather than adjusting OPEC’s production ceiling in an attempt to raise prices, or even generate a common policy to coordinate output, OPEC instead launched a production free-for-all. No longer [...]