SZO News and Press, DB Crude Oil Short ETN From 01/03/20

Welcome to the EIA 914 edition of Oil Markets Daily! EIA 914 came out on Tuesday and was smack in line with our estimate of ~12.65 mb/d. One thing we find reassuring so far this year is that our estimate of US oil production has been the least surprising variable . This gives us comfo...

By OVI All of the oil production data for the US states comes from the EIAʼs Petroleum Supply Monthly. In addition, information from other EIA offices is provided to project future US output. At the end, an estimate is made for the decline rate in the L48 conventional oil fields a...

Crude oil prices wobbled between gains and losses before settling with slight gains to start the new year, as improving U.S.-China trade relations and rising Middle East tensions offset a rising U.S. dollar. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPat...

Mark Carney of The BoE and stranded assets Mark Carney, the outgoing Governor of the Bank of England, tells us that fossil fuel companies are going to suffer from a catastrophic collapse in value as a result of climate change. Or rather, what we're going to do about climate change. This is n...

Chances are, as a consumer, you probably notice changes in energy prices when it comes time to pay the bills. Whether it's the utilities at your house or gasoline for your car, changes in commodity prices ultimately affect your pocketbook. While energy prices can be governed by a number of fac...

Russia’s interest in reducing its oil production along with OPEC appears to be waning. In 2019, it only abided by the cuts it promised in 2018 in three months, and that was because it had a disruption. Late in the year, it sought and got an allowance for producing condensates since it r...

By Stecyk For the next month, I have increased my West Texas Intermediate oil price forecast by $2.50 to range between $55 and $65 a barrel. With phase one of the US-China trade deal now out of the way and OPEC+ announcing a cutback to production, oil prices rose slightly more than I e...

The American Petroleum Institute reportedly shows a draw of 7.8M barrels of oil for the week ending Dec. 27. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crude Oil ETN, Energy stocks news, Commodities news, News ...

WTI February crude oil (NYSEARCA: USO ) finished -1% at $61.06/bbl but still jumped 11% for the month and 34% for the year, their largest annual gain since 2016 when the U.S. benchmark surged 45%. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P...

The media and many oil analysts are fixated on the wrong number, U.S. crude oil production when it should be focused on total petroleum liquids production, which includes "other supply." The market should be focusing on total petroleum liquids production because other supplies are an integral ...