Oil producers and the OPEC+ group, in particular, are feeling the impact of the coronavirus (Covid-19), much like the metals sector. All the metals intelligence you need in one user-friendly platform with unlimited usage – Request a MetalMiner Insights platform demo OPEC has been struggling to keep the market in balance for the last few […]
Tag: oil price
Week in Review: Tesla’s battery play; supply chains under stress; E.U.-U.K. trade talks
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including coverage of: Tesla’s struggle between price competitiveness and battery range; supply chains amid the coronavirus outbreak; U.S. industrial production; zinc’s global supply deficit; and E.U.-U.K. trade talks. Looking for […]
IEA warns of imminent oil glut, putting pressure on global prices
Conventional wisdom has suggested we are headed for a significant oil surplus next year, with some commentators talking about a glut. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Even respected industry publications like OilPrice.com headlined “IEA Warns Of A Looming Oil Glut […]
Goldman Sachs is Bullish on Oil Prices in the Long Term
Judging by the share price of shale oil and gas producers, you would think the industry is one from which to keep well away. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Goldman Sachs, however, is recommending clients go long on the premise […]
U.S. Now Exports Oil to More Countries Than it Imports From
The U.S.’s rise as an oil producer is well-documented, but the U.S. Energy Information Administration’s (EIA) latest report marks another milestone for the domestic sector. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. According to the EIA, the U.S. now exports crude oil […]
This Morning in Metals: Moody’s Downgrades Outlook for U.S. Steel Sector
This morning in metals news, the U.S. steel industry received a downgrade from Moody’s, a Russian tin producer is looking to expand production and oil prices have taken a fall. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Moody’s Down on U.S. Steel […]
Oil Prices Spike on Fears of Middle East Conflict
The drone and cruise missile strikes on Saudi Arabian oil installations this week caused a massive spike in oil prices as the market reacted with surprise to the news — but should it have been such a surprise? The strike said to have been made by some 20 drones and a dozen cruise missiles on […]
This Morning in Metals: Sliding Oil Price Gets a Jolt After Suspected Tanker Attacks
This morning in metals news, the oil price could slide further, Liberty Steel made an acquisition in Pennsylvania, and the E.U. adopted binding targets for zero- and low-emission vehicles in public procurement. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Oil Price Slide After rising to around $75/barrel in April, […]
The Oil Price is Down for Now, but Where is it Off to Next?
Oil prices are on track for their largest monthly decline in six months, the online trade journal oilprice.com writes. The Trump administration exacerbated the selloff with another threat of tariffs, this time against its southern neighbor Mexico if it does not stem the flow of immigrants across the border. President Donald Trump threatened to apply […]
Oil Price Sits in a Precarious Temporary State of Balance After Strong Rises
Oil prices have rallied this quarter, with Brent crude hitting a peak of U.S. $67.50/barrel, according to oil-price.com. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Goldman Sachs is quoted in a note to investors as saying the resilient demand growth and supply outages could push prices up to U.S. […]
