DTO News and Press, Deutsche Bank AG London ZC SP ETN REDEEM 01/06/2038 USD 25 - 25154K809 From 02/19/20

Welcome to the not much left edition of Oil Markets Daily! Over the coming months, the story that US oil production growth is set to decelerate materially will become mainstream. We are already seeing it in the real-time data with US oil production now falling to ~12.6 mb/d, but this will ...

It is hard to find value in the stock market these days. Over recent weeks, stocks like Tesla and Shopify have taken off like rocket ships out of Elon Musk's creative laboratory to the upside. All of the leading indices have moved to record levels. While the spread of the Coronavirus weighed o...

In my article , Oil Price Implications of Coronavirus: Long SCO , I estimated that "global stocks would build by 180 million barrels more than they were expected to build prior to the outbreak." In a note, Goldman Sachs, subsequently, came to the same conclusion that they now expect "a cum...

The energy sector ( XLE -1.6% ) is today's weakest performer - again - widening its Q1 loss so far to 11.3% vs. a 4.2% quarter-to-date gain in the S&P 500, as " risk aversion has returned to the markets ." More news on: Energy Select Sector SPDR ETF, Baker Hughes Company, Schlumberge...

With 2020 now comfortably underway and a new deal to be adhered to by OPEC and its non-OPEC allies, things are going to be interesting for the global oil market. In its latest report , OPEC provided market participants/watchers with a glimpse into how the first month of this year looked from ...

The outlook for global energy markets has been thrown into doubt recently. In addition to more general concerns over the state of the planet's economy, fears pertaining to the coronavirus and the impact it could have on trade have led to questions about the future of oil demand near term. Base...

We took a brief hiatus from our weekly series Open Insights to update our oil thesis, but we’re now back to looking at the EIA’s Weekly Petroleum Status Report (“WPSR”). This is for the week of February 7, 2020. EIA reported a crude build of 7.5M barrels, about do...

Naphtha is an important raw material for the petrochemical industry. After five weeks of consecutive decline to the lowest level in 13 months, oil prices finally managed a weekly gain. Brent crude rose to $57.32 per barrel and WTI hit $52.05 per barrel. Oil prices rose as market particip...

On January 8, 2020, the price of nearby NYMEX crude oil futures ran out of steam on the upside at $65.65 per barrel. The high was just 95 cents below the peak price from 2019. Even though the "phase one" trade deal between the US and China appeared to boost optimism over Chinese economic growt...

With four years of experience in reaching consensus among the members of the OPEC+ group of oil exporters, it is not hard to imagine that group extending or deepening such cuts to mitigate the impact of the coronavirus outbreak on the global economy. This was clear during the extraordinary m...