Oil & Energy Investor by Dr. Kent Moors

Russia Balks at Further OPEC+ Cuts – Here’s What That Means

by | published February 12th, 2020

Oil prices continue to advance this morning as crude recoils from a very oversold situation. That the newly named COVID-19 – the “Wuhan flu” coronavirus pandemic – appears to be slowing is regarded by the market as a respite, although there is as yet no breakthrough in either prevention or treatment.

Both major oil benchmarks – West Texas Intermediate (WTI), the yardstick for futures contracts in New York, and Brent, the more widely used global standard set daily in London -had significantly weakened for the month, down 16% and 17.9%, respectively, before a floor developed yesterday.

Yet this morning OPEC is cutting forward demand projections in consequence to indications that COVID-19 will continue to impact all manner of trade and commerce in an expanding worldwide slowdown.

That means there will be some headwinds forming in short order…

I’m Looking Into These This Week

by | published February 10th, 2020

Here are the energy market movers appearing on my radar at the moment; I’ll be in touch with my findings shortly.

  1. The rift between OPEC and Russia on a deeper oil production cut.
  2. Data on the impact of the coronavirus on crude oil shipping rates.
  3. Advances in “supercharged” lithium-ion battery research.

There’s one more thing…