Global oil market

Oil Prices Pick Up Almost by 4%

  • Today, oil prices roared back—up almost 4% on the day (the biggest mover in global markets).
  • Last year at this time, heading into Memorial Day weekend, the national average price on gas was $1.87.
  • Heading into this Memorial Day weekend it’s $3.04. I suspect it will be higher by the time we get to the weekend.

A Forbes news by Bryan Rich says that Oil Prices Roaring Back Just In Time For Memorial Day Travel.

We talked about the correction in oil prices last week as an opportunity to buy the dip...

https://mfame.guru/oil-prices-pick-up-almost-by-4/

A Look at the Global Oil Surfeit in Images!

  • A pandemic-led demand crunch is causing storage tanks around the world to fill up with oil that no one wants.
  • Nearly 90% of the globe’s 4.3 billion barrels of crude oil storage is full, according to the research firm Rystad Energy.
  • Most of that excess oil ends up in floating-roof storage tanks. But millions of barrels are also sitting idly in supertankers, which have nowhere to go.
  • A handful of companies like Kpler and Orbital Insight have developed creative ways to track the oil glut...

http://mfame.guru/a-look-at-the-global-oil-surfeit-in-images/

Platts Periodic Table: An Interactive Chart of 120 Crudes

Platts periodic table of oil is an interactive chart of 120 crudes, illustrating the diverse qualities of oil found across global markets.

Details of diverse crudes

Crude quality has increased in importance following the rise of US shale and OPEC’s alliance with Russia.

From lightest to heaviest and sweetest to most sour, this interactive table is your guide to 120 of the most diverse and key crude streams in the global oil markets.

Interactive chart of crudes selected by the Market Insight team at...

http://mfame.guru/platts-periodic-table-an-interactive-chart-of-120-crudes/