The oil price has bounced back after reaching historic lows in April.
Tag: Oil
Investors are not alone in wondering — where to next for oil?
Anyone connected or exposed to the dynamics of the oil price must be wondering if the recovery in the oil price is sustainable and, indeed, whether it has further to go.
Renewables take a bashing, but their application will grow in the longer term
Renewables are not normally a core topic of ours. In recognition of the growing importance of the sector and the legal and incentive landscape that is encouraging investment in such technologies, MetalMiner does produce a Renewables Monthly Metals Index (MMI) that tracks metal input costs to the sector. But, as a rule, we tend not […]
Oil prices not likely to see true bounce-back in the near term
Crude oil prices may have recovered from their recent lows, but we aren’t going to see a bounce-back anytime soon.
Oil for nothing: prices plummet, Texas Railroad Commission considers production cuts
Well, it happened: negative oil. As we wrote some weeks ago, the possibility of negatively priced oil has become a reality. Producers desperate to make delivery against CME contracts have been forced to pay leaseholders on space at the Cushing oil depot to take deliveries off their hands. Looking for metal price forecasting and data […]
Oil price collapse is far from over … but now the U.S. has a role
The president tweeted and the world’s media rushed out news reports on Sunday that a deal had been reached between Saudi Arabia, Russia, OPEC and the U.S., a deal that would reduce oil output by nearly 10 million barrels a day to support prices and save oil-producing countries’ budgets. Looking for metal price forecasting and […]
Could we be on the way to $10 per barrel oil?
Popular investor inclination may be that after such a dramatic fall, the oil price has to bounce back, that investor sentiment on the downside was an overreaction. That inclination might also say after a chance for reflection has been allowed, prices will recover. But the reality is all we can reliably expect is a period […]
Winners and losers from the oil price crash
The initial reaction to the collapse in oil prices this week, initiated by Saudi Arabia’s unilateral declaration that it would open the spigots and flood the market with oil while simultaneously heavily discounting prices, was followed by optimism in some quarters. That optimism came with the thought that lower oil prices would aid economies struggling […]
Week in Review: Oil falls; steel production rises; Jingye nears British Steel takeover
Before we head into the weekend, let’s take a look back at the week that was with some of the metals coverage here on MetalMiner, including: oil prices, global steel production, Chinese steel stocks, U.S. automotive sales and more. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights […]
Oil demand is weakening — and with it, the oil price
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 […]
