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Sharara Blockade Lifted

By: Stacie Kennelly / Posted on: October 12, 2020

After a 9 month oil production blockade which cost Libya billions of dollars in lost revenue, oil production restarted Sunday afternoon in Sharara. Before the blockade, Libya was able to contribute around 1.3 million barrels a day to the global supply.

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Bevy of Bullish News Sends Oil Prices Higher

By: Mike Dombroski / Posted on: October 5, 2020

The oil complex is trading much higher this morning due to a flurry of bullish headlines: increased chances of a federal stimulus package, weaker dollar, oil strikes in Norway, and the development of Tropical Storm Delta.

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Big Oil and Big Corn Reignite the Feud

By: Jon Babyak / Posted on: May 11, 2020

The relationship between big oil and big corn has been tenuous at best for years, but with historic declines in fuel consumption due to COVID-19, the fight has reignited in a major way.  Oil refiners and their allies from the Gulf Coast and Pennsylvania are in a serious policy battle with ethanol producers, corn farmers and Midwest politicians.  At the heart of the disagreement is that the oil refining industry is seeking waivers from biofuel blending requirements resulting from the Renewable Fuel Standard (RFS).

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Latest Developments from West Texas

By: Matt Reese / Posted on: March 7, 2019

Chevron and ExxonMobil highlighted an aggressive strategy for drilling in the Permian Basin over the next five years to their investors this week.  Exxon is aiming to increase production to 1 million barrels per day while Chevron is targeting an additional 900,000 barrels per day, all by the end of 2024.  The presentations from both companies exemplify a growing trend in the region that has made the United States the world’s top producer of oil and natural gas. 

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Trade Deal Hopes Buoys the Bulls

By: Mike Dombroski / Posted on: March 4, 2019

WTI oil prices rose Monday morning to $56.94/barrel due to a barrage of bullish headlines which puts this year’s oil rally north of 22% and climbing.

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Guttman Energy Daily Market Update Disclaimer – The information contained in this market update is derived from sources believed to be reliable; however this update could include technical inaccuracies or typographical errors and Guttman Energy does not guarantee the accuracy, completeness or reliability of this update. FURTHERMORE, THIS UPDATE IS PROVIDED "AS IS," WHERE IS, WITH ALL FAULTS AND WITHOUT ANY WARRANTY OR CONDITION OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY. GUTTMAN ENERGY ALSO SPECIFICALLY DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES. YOU USE THIS UPDATE AT YOUR SOLE RISK. This update and any view or comment expressed herein are provided for informational purposes only and should not be interpreted in any way as recommendation or inducement to buy or sell products, commodity futures or options contracts.

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