Despite OPEC+ likely to agree to a substantial new production cut tomorrow, oil prices have followed equity markets lower on ongoing coronavirus fears, with Brent down 2.2% to $49.99/bbl, while WTI dropped 1.9% to $45.90/bbl.
This morning’s appearance on CNBC Squawk Box covered the three c’s of oil – cartels, coronavirus and companies. Hark, click on the below mugshot to launch to the clip:
Given the lack of market reaction following the recent supply fallout in Libya, extending and even deepening production curtailments under the OPEC+ plan might just not cut it.
We last addressed OPEC LPG shipments back in August (see Vol. 5, Issue 33), highlighting how they appeared to be diverging from the OPEC oil production cut deal and increasing instead.
The Geopolitical Energy and Risk Monitoring Report Welcome Dan Graeber’s weekly commentary on the intersection between geopolitical events and the price of oil. The color-coded indicator reflects the expected price volatility by the end of the current trading week. Risk
Welcome to The GERM Report by Dan Graeber, a commentary on the intersection between geopolitical events and the price of oil. GERM stands for Geopolitical Energy and Risk Monitoring. Our indicator is based on the expected price volatility by the end
Qatar’s oil and condensate exports are at a three-year high, having climbed consistently in 2019 after its December decision to leave OPEC. Doha’s decision to quit the oil cartel at the start of 2019 has meant that its oil production
Before the Trump administration began its crackdown on Caracas, the United States was the largest supplier of refined products to Venezuela. With strict sanctions in place, Venezuela has now turned to the European market, and notably Russia, in order to
Welcome to The GERM Report by Dan Graeber, a commentary on the intersection between geopolitical events and the price of oil. GERM stands for Geopolitical Energy and Risk Monitoring. Our indicator is based on the expected price volatility by the end
Welcome to The GERM Report by Dan Graeber, a commentary on the intersection between geopolitical events and the price of oil. GERM stands for Geopolitical Energy and Risk Monitoring. Our indicator is based on the expected price volatility by the end
ClipperData provides comprehensive data sets, analysis and commentary on global crude, petrochemicals, grains, specialty, dry bulk and refined product movements.
