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
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
News of the Day: Coronavirus update: Moderna targets vaccine approval by year’s end as reopenings continue OIL Oil jumps 12% to $33 as June futures contract nears expirationOil & Gas 360, May 18, 2020 West Texas Intermediate for June delivery jumped more than 12% on Monday to a two-month high, one day ahead of the contract’s expiration, as production cuts … read more
