$40 oil for Christmas? Ban on bans? Groundhog Gold in AK!

In News by wp_sysadmin

News of the Day:  Watch Live:  SpaceX’s Falcon 9 spacecraft’s first test flight to the International Space Station, with NASA astronauts Doug Hurley and Bob Behnken on board, is scheduled for 4:33 p.m. ET Wednesday. OIL Morgan Stanley sees tighter oil market, raises Brent forecastOil & Gas 360,  May 27, 2020 Morgan Stanley on Tuesday raised its year-end Brent price … read more

Oil: Cautious optimism; Alaska LNG/ Pebble progress; Biden ban kills 200k jobs.

In News, Uncategorized by wp_sysadmin

News of the Day:    Retired Anchorage lawmaker Bob Lynn has died at age 87 OIL Demand rise, output cuts could mean oil market balance in JuneOil & Gas 360, May 26, 2020 Recovering demand as coronavirus lockdowns ease combined with output cuts by top producers could balance global oil markets as soon as June, some analysts and banks predict. “Bullish … read more

Renewable power falls; How fragile is the oil price recovery? More oil in TAPS!

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OIL From the Washington Examiner, Daily on Energy FEAR AMONG PRODUCERS THAT OIL RALLY IS FRAGILE: Some oil industry officials and analysts worry the mini-recovery of prices to above $30 per barrel is fragile and not sustainable. “It’s a very dangerous time,” said Frederick Lawrence, an economist with the Independent Petroleum Association of America, a lobbying group representing small oil … read more