An incredible event took place this week: A Russian tanker docked at the Port of Jiangsu on China's east-central coast, offloading its cargo of liquefied natural gas from the Yamal LNG plant in Russia's north.
Back in late March, Goldman stunned commodity traders when its energy strategist Jeffrey Currie predicted that landlocked oil (such as WTI, and unlike Brent) could trade negative in the very near future as a result of the massive demand plunge in oil
Unlike other sustainable fuels that require vehicle modifications, Prometheus' gasoline is designed to work seamlessly with existing internal combustion engines, allowing buyers to simply choose it at the pump, fill up and go.
Saudi Arabia and Russia, the world's largest oil producers, are expected to extend their historic output cuts of 9.7 million bpd into July. It appears most members will comply with output cuts as a move to raise oil prices.
Last weekend we showed that as oil storage on land was rapidly filling up, a familiar sight was seen off the coast of Asia's oil hub in Singapore: a record surge in tankers on anchor used as seaborne storage, and taking advantage of the supercontan
The full story of President Trump's intervening in the Russia-Saudi price war which sent oil prices plunging to historic lows has been revealed in a new explosive report. Trump's pressure resulted in the surprise April 12 unprecedented OPEC+ producti
Back on March 17, as oil was plunging to levels not seen since the presidency of George W. Bush, we published a shocking forecast by Mizuho's Paul Sankey who stunned oil traders with what at the time was an insane prediction: "crude prices could go
The coronavirus lockdown has caused most US department stores to shut, threatening their survival. But even without the impact of virus, many retailers would still eventually have collapsed, a former Fed insider believes.
After a relatively drama-free weekend, futures have started off the new week lower by about 0.4%, trading at 2850, down 20 points from Friday's CTA inspired and momentum-driven meltup which appears to be reversing as algos realize they have frontrun
• https://www.greenwichtime.com, Daniel W. Drezner
I am old enough to remember when high energy prices were thought to be a very bad thing for the U.S. economy. As a small child, I remember my mother overreacting to Jimmy Carter's "energy crisis" speech by shutting off all the heat in our house excep
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