Headlines • Further Oil & Gas Companies Announce Expenditure Cuts with TOTAL Set to Cut into the Year • Gasoline Continues Its Plummet Down -31% on Monday Close • UK Closes Non-Essential Business as Countries Go into Quarantine to Slow Spreads
Following the current situation we have 2 basic scenarios about oil price: 1. Yellow: USA already started some jawboning about support for their oil industry and etc, and we should not forget that normally such cautious talks are about to "measure" the possible reaction. So we wait here some possible reaction, probably going up till 40 and then falling again to...
Headlines • Crude Continues Its Surge into the End of the Week up 4% in Asia • US Energy Regulators Approve Jordan Cove LNG Export Plant • Neptune Energy’s Well in the Rhine Valley Announces Oil Discovery
Headlines • Crude Recovers 9% in Asia + RBA Cuts Interest Rates to 0.25% • ECB Plans to Purchase 750 Billion Euro Worth of Bonds to Calm Virus Scare • China Reports Zero Domestic Cases for First Time
Headlines • US Energy Sector Sees a Huge Fall, Down -50% in Just 1 Month • Markets Plunge a Shocking -12% as Economies Begin to Slowdown Amidst Virus • G7 Meetings See Leaders Push for Any Measure in Order to Combat Falling Prices
Headlines • Gasoline Sheds Further Seeing It Drop -9.64% Monday Open • China Releases Industrial Production Data Showing Drop of a Staggering -13.5% • US Futures Fall Ahead of Open as Fed Cuts Interest Rates Close to Zero
Headlines: • Crude Prices Bounce Off $30.50 Level Seeing Prices Regain Some of this Week Losses • Stocks in Asia Finish the Week Lower Continuing Their Fall • US Equity Futures Up Heading into the Session
Headlines: • Gasoline Plummets Along with Crude as Markets See Huge Selling • Futures in Asia Prepare for the Worst as They Plummet Heading into the Session • EU and US Markets Plunge as Investors Flee
Headlines: • WHO Declares Coronavirus Pandemic as Cases Around the Globe Continue to Rise • Oil Continues Drop as Fear Coupled with EIA Data Sends Prices Lower • US Equities Continue Their Fall Seeing Them Down -5.86%
Headlines: • OPEC Monthly Report to be Releases to Markets During the Session • US Coronavirus Cases Tops 1,000 as More City Officials Record Cases • Futures Market Lower as Traders Head into US Session
Headlines: • US Markets Plunge Amidst Increasing Global Concern & Falling Oil Prices • Energy Giants Fall as Plummeting Oil Prices Hit Home • 3 Unidentified Projectiles Fired from North Korea
Headlines: • Crude Drops -28% as Saudi Arabia Scraps Cuts & Plans to Increase Production • Asian Equities Fall Apart as Investors See Strong Risk-Off • COT Report Shows Increase in Short Positions Last Week
Headlines: • Exxon Plan for New Gas in Australia Around the Beginning of 2021 • Oil Finishes the Week in Asia Lower as We Near OPEC+ Final Day of Talks • EIA Natural Gas Data Shows 4.95% Cut in Total Storage for Week Past
Headlines: • EIA Crude Inventory See Stockpiles Continues Whilst Gasoline & Distillate Stock Drops • Surging Indexes Spurred on by Stimulus Measures with S&P500 +4.22% • Coronavirus Cases Slow Down in China Whilst See Rises in Italy & Iran
Headlines: • API Posts Further Crude Supply Increase in the US for Week Past • Australian GDP Posted Slightly Better than Expected Data for Quarter • Markets in Asia Relatively Flat as Traders Still Hesitate about Further Releases
Headlines: • Further OPEC+ Production Cuts Suggested by Joint Technical Committee in order Prop up Oil Prices • FOMC Cuts Interest Rate by 0.5% in Response to Concerns over Coronavirus • Turkey Continues Attacks on Idlib with a Further Syrian Fighter Jet Shot Down
Headlines: • Australia’s RBA Cuts Interest Rates to Lows of 0.5% Amid Weaker Economy • Crude Up During Asian Session as Optimism of OPEC Cuts Roll into Markets • G7 Scheduled for Today with Hopes of Action on Coronavirus by Ministers
Headlines: • Global Markets Rally Along with Commodities Seeing Crude up 5.60% • Somalian Officials Approve Offshore Exploration Draft in Bid to Boost Economy • Coronavirus Cases Now Appearing within the Middle East