The Great American Shale Oil & Gas Massacre: Bankruptcies, Defaulted Debts, Worthless Shares, Collapsed Prices of Oil & Gas by Wolf Richter • Jul 10, 2020 • 128 Comments The bankruptcy epicenter is in Texas.
Huge Debt Payments at Worst Time for Canadian Oil Drillers by Oilprice.com • Jul 7, 2020 • 30 Comments “There’s a lot of extend, amend, and pretend with respect to finance documentation. But at some point the music will stop.”
Update on the WTF Collapse of Demand for Gasoline, Jet Fuel, and Diesel by Wolf Richter • Jun 17, 2020 • 121 Comments No “V-shaped recovery back to normal.”
After Decade of Retail Investors Getting Systematically Wiped Out, SEC & CFTC Investigate Oil ETF USO Investor Risk Disclosure by Wolf Richter • May 30, 2020 • 88 Comments What took them so long? And while they’re at it, they should also investigate US Natural Gas Fund UNG.
Bone-Chilling WTF Charts of the Collapse in US Demand for Gasoline, Jet Fuel, and Diesel by Wolf Richter • May 1, 2020 • 266 Comments It started in mid-February for jet fuel and in mid-March for gasoline.
The LNG Market Is “Imploding” by Nick Cunningham • Apr 27, 2020 • 66 Comments While everyone is watching the meltdown in the crude oil market, the global market for natural gas is also cratering.
Postmortem of the Infamous Day WTI Crude Oil Futures Went to Heck in a Straight Line by Wolf Richter • Apr 23, 2020 • 62 Comments The US Energy Information Agency (EIA) dissects the historic event.
U.S. Shale Faces Largest Ever Drop in Fracking Activity by Rystad Energy • Apr 22, 2020 • 32 Comments “With such rapid decline in fracking already visible, very little activity will be happening in the oil basins during the remainder of Q2.
Holy WTF Moly: WTI May Contract Collapses to Negative -$37 by Wolf Richter • Apr 20, 2020 • 259 Comments Meanwhile this is a moment for historic reflection and head-shaking.
US Crude Oil Gets Annihilated Under Targeted Saudi Attack by Wolf Richter • Apr 20, 2020 • 153 Comments West Texas Intermediate (WTI) futures collapsed 45% today from the already collapsed price, to $10 a barrel, lowest since 1999.
