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“Exuberance” is now the word of the week in oil market news. According to the Wall Street Journal on Monday, “oil’s future looks bright.” That’s remarkable, because...
WTI bulls are barreling for oil in the high $30s. So are shale drillers—and that could be a problem for what has been a stupendous rally in crude so far.With less than 48 hours to expiry, the...
It’s certainly not the swinging days of the “Drill baby, drill!” phenomenon. Yet, U.S. crude production is creeping up—rising slowly but surely with the price rebound of the past two weeks. And...
In the last week, the oil market saw some minor positive news, including signs that demand numbers might be turning around while supply has dropped. But the positive news is limited and tempered by...
Is U.S. crude doomed to finish another week under $20? It depends not just on oil supply and storage, but also on how markets digest America’s progress through the COVID-19 pandemic and the...
COVID-19 has changed almost every way the world works. Governments are paying people to stay at home. Landlords are telling tenants to use rent money to settle other bills first. And Texas is telling...
How long will it be before crude trades in the teens?It's a question without doubt in the minds of us all, though another question to be asked is what will happen to shale oil at those prices.West...
Over the last decade, Texas could only think of one thing to tell its oil industry: “drill, baby, drill!”Now, the Lone Star State is telling those same drillers: “slower, baby,...
For some longs in natural gas still shuddering at finding themselves at 25-year lows after this week’s 14% price collapse, I hate to be the bearer of this news: the worst isn’t over.The coronavirus...
Blamed partly for the biggest price drop in three decades and awaiting doom to be unleashed upon them by the Saudis and Russians, U.S. shale drillers are pictured again as the poster boys of notoriety...
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