DTO News and Press, Deutsche Bank AG London ZC SP ETN REDEEM 01/06/2038 USD 25 - 25154K809 From 04/14/20

Last weekend, the OPEC+ group finally announced long-overdue production cuts in response to the coronavirus-driven collapse in global petroleum demand. OPEC+ will reduce production by 9.7 million barrels per day (bpd) as of May 1. Combined with the impact of expected market-driven production...

Welcome to the "farce" edition of Oil Markets Daily! If we didn't think the OPEC+ production cut agreement was a farce, the Saudi OSP announcement this morning only made this point more valid. Although we must say that the production cut agreement for ~8 mb/d between July and Dec, and ~6 m...

Introduction Since the start of the year, the oil price is down nearly 70% and many analysts have been questioning if the black gold has found its lows at $20 a barrel. It is mostly certain that the oil shock on its own would have sent the world into a mild recession, but the uncertainty o...

More than a month ago, as the oil price started, I published an article titled “ If You Regretted Not Investing More In 2008, Invest In Oil Now ”. I didn’t predict the carnage that would come from COVID-19 or the Saudi Arabia - Russia price war, something which drove down ...

Crude oil prices ( CL1:COM ) are mixed in volatile trading after OPEC and its allies finally agreed to cut production by 9.7M bbl/day , but gains are limited by concerns that the cuts will not be enough to head off oversupply as the coronavirus hits demand. More news on: Crude Oil Futu...

Investment thesis. Global equity markets made strong moves this week based on the strength and size of the fiscal and monetary stimulus along with the belief that we're nearing a contagion peak. However, investors haven't seen the actual economic numbers yet; wait for the markets to survive...

OPEC+ ministers reportedly have reached an agreement to cut oil production , agreeing to a 9.7M bbl/day reduction with a cut for Mexico of just 100K bbl/day ( CL1:COM ). More news on: Crude Oil Futures, The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, En...

This sustainable output cut strategy will last until April 2022, starting with a reduction of 10 million bpd during May and June. OPEC+ has made the largest oil output cut in history. The move points to the alliance seeking to balance the oil market over the medium-term rather than worki...

As noted in last week’s WTI Weekly , the primary expectation for this week was for price discovery higher, barring failure of 22s as support. This expectation did not play out as the key support area, 29s-30s, held early week before a pullback to 23.54s developed into mid-week. Rotatio...

About once a month, energy consulting firm IHS Markit releases a report on the offshore drilling industry that it calls the Offshore Rig Day Rate Trends report. In this report, the firm discusses both the utilization rate and leading market new contract dayrate trends for four types of offsh...