OILK News and Press, ProShares K-1 Free Crude Oil Strategy ETF From 07/09/19

The American Petroleum Institute reportedly shows a draw of 8.13M barrels of oil for the week ending July 5, following a 5M-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, Ene...

The biggest surprise of an otherwise predictable OPEC meeting on July 1 st and 2 nd came during the press conference of the second day, which included the non-OPEC “members”; i.e., Russia. Saudi Energy Minister Khalid Al-Falih, who usually dominates the press conferences, was m...

A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. (Reuters) Before the trade war, China was the largest oil importer of US shale oil, with almost 500,000 bpd last year that w...

The data for the charts below were taken from the EIA's Monthly Energy Review . It is crude plus condensate through March 2019 and is in thousand barrels per day. World C+C was down 281,000 barrels per day in March. Non-OPEC was up 218,000 barrels per day in March. World less the USA pe...

Investment Thesis The extension of the OPEC+ deal is more positive for the oil market than it seems. And that is why this is a weighty reason for buying the iPath's S&P Crude Oil Total Return Index ( OIL ). Instrument The S&P GSCI ® Crude Oil Total Return Index reflects the...

Welcome to the doubling up edition of Oil Markets Daily! At the start of 2019, we started an oil trading portfolio. All of our trades have been on the long side for now given our storage projections (yes, we are still perfecting it after 1 1/2 years). We missed badly on the bearish build...

Without Russia, OPEC would be nothing more than a toothless tiger. The international oil cartel that determined the price of oil around the world for decades via its production policy now only includes one of the world’s top three producers of the energy commodity among its ranks. While...

Following the OPEC+ decision to extended the output cuts as agreed to last December for nine months through March 2020, WTI crude futures prices dropped 4.81 % ($2.84/b). The reason was that the 1.2 million b/d cut from the October 2018 level has proven to be inadequate. OPEC’s May prod...

By Joseph G. Paul, Akhil Kapoor, Jeremy Taylor What's the long-term outlook for oil in a world shifting to renewable energy? Oil majors publicly say supply-and-demand dynamics will support the market. But their investment choices suggest that they're preparing for a much weaker oil price i...

With decisions in the books for OPEC Plus, Morgan Stanley has trimmed its long-term forecast for oil prices. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ETN, Energy stocks news, Commodities news, News on ETFs, ...