April 20th, 2020, 2:17 PM
Warning: This is going to be a little "insider baseball. As of 1:30 p.m. the quoted price on Bloomberg of U.S. benchmark West Texas Intermediate was 80.02% to $3.65 a barrel. On the other hand, international benchmark Brent crude was down"just" 5.80% to $26.45 a barrel. What? Remember that we're talking the price not of […]
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April 15th, 2020, 1:16 PM
U.S. benchmark West Texas Intermediate fell below $20 a barrel, the lowest price since 2002, after the U.S. Energy Information Administration reported a huge jump of almost 20 million barrels in U.S. crude inventories. At 1:00 P.m. New York time West Texas Intermediate traded at $19.91 a barrel. International benchmark Brent crude fell 5.41% to $28.00 a […]
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April 13th, 2020, 1:26 PM
This take from Goldman Sachs pretty much sums up the oil market's reaction to Sunday's agreement among OPEC+, the United States, Canada, Brazil, and various and sundry G20 oil producers to cut what could be generously calculated as 14.7 million barrels a day from the world's oil production: The agreement, Goldman said was "historic but […]
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.
April 12th, 2020, 10:50 PM
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Sunday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. Do this simple math. In normal times world oil demand is around 100 million barrels […]
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.
