Tuesday, June 22, 2021
Tuesday, April 20, 2021
Historic Oil Price Crash Marks One Year Anniversary at $63 a Barrel
By Andres Guerra Luz and Alex Longley (Bloomberg) — Oil fluctuated above $63 a barrel, exactly one year after U.S. benchmark crude futures plunged below zero, with traders extending its rally...
Thursday, March 25, 2021
Tanker Owners Rejoice Then Oil Retreats After Suez Grounding Price Surge
By Sharon Cho (Bloomberg) Oil retreated as traders monitored efforts to dislodge a massive ship blocking the Suez Canal, after two wild days that saw prices whipsaw around 6% in both...
Sunday, March 14, 2021
How a Hasty Move to Change the World’s Key Oil Price Unraveled
By Alex Longley (Bloomberg) — How do you measure the value of the world’s most important commodity? It’s a conundrum that brought uproar in the oil market over the past few...
Thursday, February 25, 2021
Oil Benchmark Revamp Sees Surge in Trading of Opaque Swaps
By Alex Longley (Bloomberg) — A planned overhaul of how the world’s most important benchmark crude price is calculated has caused a surge in trading of swaps used to hedge North...
Wednesday, February 24, 2021
Oil Hits One-Year High With Market Eyeing Tight Global Supplies
By Andres Guerra Luz (Bloomberg) — Oil surged to the highest in more than a year as the market looks ahead toward an accelerating decline in global inventories and a comeback...
Monday, February 15, 2021
Friday, January 22, 2021
Goldman Sachs Says Biden’s First Steps Are Bullish for Oil
By Andres Guerra Luz and Saket Sundria (Bloomberg) — Initial steps taken by U.S. President Joe Biden’s administration may help support the oil market this year and next, according to Goldman...
Friday, January 8, 2021
Oil Has Best Week in Four Months With Saudi Cut Buoying Prices
By Andres Guerra Luz (Bloomberg) — Oil posted the biggest weekly gain since late September as Saudi Arabia’s plan to slice output spurred a surge in physical crude buying. Futures in...
Tuesday, January 5, 2021
Tuesday, November 3, 2020
OPEC Boosts Output Despite COVID Sending Oil Crashing
By Grant Smith and Julian Lee (Bloomberg) OPEC’s effort to shore up world oil markets during the pandemic is facing a new threat — from the group’s own rising production....
Tuesday, April 28, 2020
Oil Slides After ETFs Move Into Later-Dated Contracts
By Mike Jeffers (Bloomberg) — Oil fell after the biggest oil ETF said it would sell out of its June WTI futures position as physical oil storage levels continue to balloon....
Tuesday, April 21, 2020
Oil Meltdown Widens With June Plunging Below $10 a Barrel
By Olivia Raimonde (Bloomberg) — Oil’s meltdown spread in to the June contract as the price plummeted $10 in New York. West Texas Intermediate plunged below zero on Monday for the...
Monday, April 20, 2020
Energy Equities Hang On Despite Negative Oil Price, Tankers Surge
By Michael Bellusci (Bloomberg) — In a historic Monday for crude prices, energy-exposed equities didn’t quite crater as some may have envisioned. The price on the futures contract for West Texas...
Spot U.S Oil Futures Crash Below Zero. Here’s What the Experts are Saying
NEW YORK, April 20 (Reuters) – Energy traders fled from the expiring May U.S. oil futures contract in a frenzy on Monday, sending the contract deep into negative territory for...
Monday, March 30, 2020
Thursday, March 19, 2020
Tankers Drop Anchor as Traders See Profit in Price Rout
By Alex Longley (Bloomberg) — Oil tankers starting to drop anchor as traders start deploying the vessels to keep barrels at sea in the wake of the price plunge. Between five...
Wednesday, March 18, 2020
Oil’s 24% Plunge in a Day Signals No End in Sight for Meltdown
By Alex Longley, Javier Blas and Jackie Davalos (Bloomberg) — Oil is ensnared in such a crisis that Wednesday’s 24% plunge in New York wasn’t even its worst day this month....
Monday, March 9, 2020
Oil in Grips of Chaos After Price War Triggers Historic Crash
By James Thornhill (Bloomberg) — Oil clawed back some of its biggest drop in a generation as a battle for market share between Saudi Arabia and Russia threatens to boost supply...
Tuesday, September 17, 2019
Oil Trims Losses on Conflicting Signals About Saudi Recovery
By David Marino and Sheela Tobben (Bloomberg) — Oil pared an earlier decline on contradicting reports about when Saudi Arabia will restore production lost in unprecedented attacks. A Financial Times...
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