While the heads of the world’s largest oil producing nations were quick to claim a diplomatic victory following the latest OPEC+ output cut agreement, crude prices are telling a different story. Prompt month Brent and WTI futures contracts are now trading nearly 20% lower from their early April highs, both returning to a super contango forward curve price structure following the conclusion of the OPEC+ meeting.
Using weather data to support tender responses can help offshore companies improve planning, ensure pricing is competitive and mitigate against projects overrunning.
Since the 2014 oil bust, China has established itself as an opportunistic buyer and importer of crude amid dips in global prices.
The impact of the COVID-19 outbreak has been felt all over the world. Schools have closed, travel plans have been put on hold and businesses large and small are bracing themselves for the continued fall out.
Industry expert Dominick Chirichella led over 600 people through a webinar on Thursday, April 2nd, titled, “Uncharted Waters: Fuel Market Risks & Variables.” Dominick’s decades of experience as an energy industry analyst and trader served the audience well, as he took them through our current, unprecedented situation.
Do more in less time.” Read how Marathon Petroleum uses DTN TIMS to automate their business.
The dual pressures of the Saudi Arabia-Russia price war and COVID-19 have shocked the energy sector. In our webinar, industry expert Dominick Chrichella will explain the dynamics of the market, what to expect, and what you can do to reduce negative impact to your business.
DTN’s lead analyst Todd Hultman will evaluate USDA’s latest report estimates.
Real time traffic data suggests travel in America’s largest cities is down over 50% from their historical seasonal norms, which could lead gasoline demand to drop to its lowest in over 20 years.
Learn why 90% of major suppliers are using it and what it can do for you.
Comprehensive weather insights help safeguard your operations and drive confident decisions to make everyday mining operations as safe and efficient as possible.