Venezuelan oil company PDVSA is recently considering re-launching another petrol-producing unit, hoping to put an end to the petrol shortage in the country, which sits on top of the world’s largest reserves of crude oil. PDVSA plans to restart the gasoline-producing unit at its CRP refining complex within two weeks, …
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Edge oil prices received another lift today, after the Energy Information Administration reported a record crude oil inventory of 4.5 million barrels for the week to 7 August. At 514.1 million barrels, inventories remain above the five-year average for this time of year, despite several hefty weekly draws, including one …
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If COVID has one thing in solidarity, it is that playing the market must be democratic. And as always in a democracy, people get what they deserve: that means we see tons of amateur investors in the market, skewing sentiment away from foundations. A large portion of that falls on …
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August has historically been brutal for oil and gas stocks. According to data from Schaeffer Research, the energy sector has consistently underperformed in August, with returns turning negative in 8 of the last ten years. Oilfield services companies were one of the biggest culprits, with Baker Hughes (NYSE: BKR), Schlumberger …
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