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.
U.S. Oil Drilling Grinds to Halt at Key Shale Hotspots by Nick Cunningham • Apr 15, 2020 • 87 Comments The sudden declines in production illustrates the fatal flaw in the shale business model.
How Will COVID-19 Impact US Manufacturing? First Indications Are Ugly. Exacerbated by Underlying Conditions by Wolf Richter • Mar 30, 2020 • 124 Comments Economic powerhouse Texas first got hit by the Oil Bust then by the Coronavirus. Expect similar confluence of unrelated factors in other regions.
The Great American Shale-Oil Bust Turns into Massacre by Wolf Richter • Mar 9, 2020 • 175 Comments Shares of shale oil drillers collapsed by 25%-50% today. Their bonds got massacred. Saudi-Russia price-war strategy appears successful in wiping out investors in the US shale-oil sector.
Good Morning America, All Heck Broke Loose in the Markets Overnight by Wolf Richter • Mar 8, 2020 • 219 Comments Crude Oil Collapses 32%, US Stock Futures Plunge nearly 5%, 10-year Treasury Yield Gets Closer to 0%, Gold Jumps to $1,700, Asian Stocks Plunge, Nikkei -6%.
Ex-CEO of Pemex Arrested for “Looting Mexico” by Nick Corbishley • Feb 15, 2020 • 75 Comments Now attention is switching to former President of Mexico Peña Nieto.
