Headlines • Crude Falls as Reports Show Expected Demand to Fall Whilst US Equities Drop • EIA Releases Short-Term Outlook Showing US Crude Demand to Fall in Q-2 • API Posts Increase of 11.938 Million Barrels Much In line with Previous Weeks Data
Headlines: • Oil Retraces Some Losses in Asia Up 3% Amidst Positive Sentiment of a Deal • Prime Minister Abe Moves to Pass 108 Trillion Yen Stimulus Package • Stocks Continue Higher in Asia as Virus Deaths Decrease Whilst US Futures Up
- Gasoline Bounces of 0.6250 handle - OPEC+ Meetings scheduled for Thursday which could see volatility role into Gasoline markets - Gasoline dropped to the beginning of the year due to falling demand within the US region
Headlines • Crude Falls in US Session Down -7% as Debate About US Production Cuts Increase • US Equities Surge as Virus Toll Begins to Subside Seeing S&P500 Up 7.03% • Norwegian Energy Giant Equinor Announces Discovery in Monument in the Gulf of Mexico
Headlines • OPEC+ Meetings Postponed till Thursday, However, Sunday Brings Comments Regarding Backing of Proposed Cuts • Crude Gaps Lower Monday Open Falling Below $26 Handle • Futures in Asia Mixed Nearing Monday Market Open
Headlines • Crude Consolidates in Asia as It Retraces to $24 Handle • Natural Gas Continues its Monthly Run of Inventory Cuts Showing -19bcf for the Week • US Futures Down Whilst Asian Stocks Finish Lower
Natural Gas Continues its Monthly Run of Inventory Cuts Showing -19bcf for the Week
Headlines • Oil Surges 25% as Trump Speaks with Saudi Arabia Regarding Oil Production Cuts • Global Infection Rates Surge to 1 Million as Covid-19 Cases Around the World Continue to Rise • Energy Sector Pushes US Index Higher as Oil Surges
Headlines • EIA Report Shows Larger Than Expected Build in Crude Inventories of 13.833 Million Barrels • Equities in Europe & US Continue Their Fall as Sentiment Surrounding the Virus Weighs on Investors • SNOC Pauses LNG Storage Terminal Project as it Completes Further Evaluation on Discovery
Headlines: • Crude Finishes Flat Whilst Gasoline Futures Drop -6% Within Asia • CNOOC Announces the Postponement of its Canadian East Coast Project Due to Covid-19 • US Futures Fall as Virus Concerns Reappear Whilst Asia Starts the Quarter Off Lower
Headlines: • API Data Shows Increase in Crude & Gasoline Stocks Whilst Distillate Posts Cut • US Consumer Confidence Drops but Beats Analyst Expectations Posting 120.0 • Asian Futures Slightly Down Along with Crude as Indexes Fall Within US
Headlines • China Beats Expectations Posting Expansion in its Manufacturing PMI Data for March • Shell Pulls Out of Lake Charles LNG Proposed Project as Expenditures are Cut • Crude Surges During Asian Session Up 5% as Oil Recovers in Asia
Headlines • Crude Dips Below $20 a Barrel before Recovering at End of Session to 20.09 • Global Stocks Begin the Week Higher as IT & Health Care Lead Indexes Higher • Norwegian Energy Ministry Proposes Exploration Blocks Amidst Falling Prices
Headlines • US Energy & IT Sectors Fall Friday Dragging Asian Monday Futures Lower • Eni Adds to Tally of Energy Giants Set to Cut Capex in Bid to Off-Set Virus Impacts • Crude Gaps Lower Monday Open Down -7% Nearing Important $20 Price Handle
Headlines • Gasoline Surges Above 0.60 Level Posting +12% Gain in Asia • Petrobras to Cut Production & Reduce Capital Expenditures in a Bid to Off-Set Virus Impacts • US Futures Retreat in Asia Breaking Weeks Uptrend
Headlines • Heating Oil Bounces Off 1.1000 Level Before Retracing Lower • Gasoline Surges Above 0.60 Level Posting +12% Gain in Asia • Petrobras to Cut Production & Reduce Capital Expenditures in a Bid to Off-Set Virus Impacts • US Futures Retreat in Asia Breaking Weeks Uptrend
Crude has continued its fall into the end of the week down -7.72% in Thursday's US Session. Pricing did see form of resistance at the $25 dollar level and is now sitting at $23 level.
Numbers released today have show that Natural Gas Storage numbers for the week have shown a cut in storage numbers for the week down -29 Billion Cubic Feet for the week past.