OILK News and Press, ProShares K-1 Free Crude Oil Strategy ETF From 06/27/19

OPEC rescheduled its meetings to take place on July 1 st and 2 nd next week from June 26 th . It was a sign of incredible weakness because the meetings had been scheduled six months in advance, and then the Russian minister recently said he had a scheduling conflict. And Russia is not even a...

Welcome to the US oil production edition of the Oil Markets Daily! There are a lot of misinformed readers out there today, so let us clear a few things before we get started. Weekly US oil production reported in the EIA weekly report is derived from EIA's short-term energy outlook or...

We recently had the honor to share our thoughts on the oil and gas equity markets with clients and friends. Ahead of these meetings and calls, we reviewed tens of thousands of pages of materials. From these pages, we gathered dozens of graphs, slides and macro analyses from a variety of source...

US refining capacity is in decline. In 1981, the US had 324 refineries, but by 2019 the Energy Information Administration reported that tally had dwindled to just 135. No new oil refineries have been built in the US in more than 40 years, although some existing refineries have increased thei...

As the international oil cartel prepares to meet, the group that decides production policy for some of the world's leading petroleum producers have lost most of its influence in the market. While the market still watches OPEC, two of the three leading producers are not members. The triad that ...

As we’ve been saying for a while now, as refining inputs increased to more normal levels, inventories would fall… Wednesday, the data showed US crude inventory fell 12.79mil bbl (the largest decline in almost 3 yrs). Expectations were for a 2.8M bbl draw. While refining inputs ...

The American Petroleum Institute reportedly shows a draw of 7.54M barrels of oil for the week ending June 21, following an 812K-barrel draw in the previous week. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ETN,...

Note: This article was first published to HFI Research subscribers on June 16th. For more info about HFI Research, see here for details . In part 2 of this week's WCTW, we will explain why product storage isn't lower. In the case of this article, we will be focusing on gasoline, distillat...

Saudi Arabia can meet the oil needs of customers using its spare capacity despite the concerning recent developments in the Persian Gulf, says Aramco chief executive Amin Nasser. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3...

Saudi Arabia can meet the oil needs of customers using its spare capacity despite the concerning recent developments in the Persian Gulf, says Aramco chief executive Amin Nasser. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3...