OIL Oil prices set for worst daily drop since April on inventories, bearish FedOil & Gas 360, June 11, 2020 Oil prices slumped on Thursday, dragged down by another record build-up in U.S. crude inventories and the U.S. Federal Reserve’s projections that the world’s biggest economy would shrink 6.5% this year. Russia charges Arctic city mayor with bungling fuel spill … read more
OIL Oil and gas production ETF paces for best quarter on record, but traders say it’s still a ‘show-me story’Oil & Gas 360, June 10, 2020 Oil and gas stocks are defying the odds. The SPDR S&P Oil and Gas Exploration and Production ETF (XOP) is having its best quarter on record, up over 102% since April 1 despite concerns … read more
The Situation: The Department of Transportation & Public Facilities took money intended to be used for “relief” and responded by threatening a 10.5% interest penalty on late payments from struggling Alaska businesses —on top of already onerous lease increases. 18 months prior to the current public health emergency, Alaska companies asked the administration and DOT&PF to review the steep, and in our review some … read more
