The Great Oil Crash 2020: CFTC report is out, but no 'aha' moment of discovery

The pandemic is not over yet, but its potential to turn things that we usually take for granted, upside down, continues unabated, as it did during its early stages. The fall of WTI crude price below zero for the first time in history is a case in point. It happened on April 20 and the entire global …

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Oil price recovery on permanent mend

Oil price recovery continues despite insignificant negative dips since last week, defying the gloomy outlook forecast by some analysts. The trend is important, especially, when the powerful Green movement calls shots on every front of the energy sector. As I instinctively noted many times before, the…

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Managing the Tide of Green Revolution: OPEC needs to evolve to stay relevant

Every living thing in the universe tends to evolve in order to guarantee its own survival that includes the Covid-19 virus that has been wreaking havoc across the globe at many levels, including those of the beleaguered oil industry. Even the virus in question, despite the absence of a ‘brain’ in th…

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Auctioning Off Land Blocks in Alaska for Oil Exploration

By narrowing down the definition of what is tantamount to ‘serious environmental harm’, the Trump administration is going ahead with auctioning off the lands of Arctic National Wildlife Reserve, ANWR, while asking potential bidders to come forward on Tuesday. With less than 70 days left before a cha…

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Oil Price: recovery on track as US crude inventories fall by 11 billion barrels last week

The price of oil on the rise again in the markets, buoyed by a combination of factors. Among them, in my opinion, the steady fall of US oil crude inventories stands above the rest, showing the significance of the US demand in the commodity. In addition, sanity seems to have broken out in the OPEC bl…

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Oil price recovers and US crude oil inventories are down - correlation established once again

The price of crude oil is showing signs of recovery at the beginning of this week, while leaving the tumultuous fluctuations firmly behind it. It hasn’t reached the $40.00 mark yet; the trend, however, encouragingly positive, against the combined background of settling US political uncertainty and l…

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Oil Price Drop: US oil inventories up & correlation confirmed - once again

Among many factors that I follow closely when it comes to oil price, the US crude oil inventories always come at the top. Most of the analysts, if not all, may not take it that seriously, especially when it is drowned out by the factors that create more soundbites and optics. In a turbulent time what…

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Oil Price Dips: a temporary setback in the oil markets

Oil price declined this week, reflecting the sentiments in the markets in the light of new Covid-19 lockdowns across Europe. Although it is far from a crash, the dip in price was in proportion to the ancipated downward demand for oil at the pumps - for obvious reasons. The lockdown measures announced…

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