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crude oil


NOCs vs IOCs

By: Jon Babyak / Posted on: April 6, 2020

The first quarter of 2020 has absolutely rocked global oil markets due to COVID-19, an OPEC+ supply and price dispute as well as a global economic recession.  What happens next is still unknown, but with global storage on the brink of filling up and demand destruction nearing 20 million bpd, the global oil industry will almost certainly change forever.  IOCs (International Oil Companies) and smaller independents face particularly daunting challenges, while NOCs (National Oil Companies) look to capture more market share while putting their competition out of business.

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Coronavirus Crushes Crude Oil

By: Mike Dombroski / Posted on: February 24, 2020

The narrative today is that we are facing a global pandemic due to the coronavirus outbreak. It's absolutely crushing equity and oil markets with the Dow Jones Industrial Average down 980 points and WTI crude oil down $2.75/barrel – and it could get worse.

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Light Liquidity

By: Mike Dombroski / Posted on: December 20, 2019

As the end of this week winds down and people prepare for the holidays next week, light liquidity will most likely be the name of the game in our energy markets. Light liquidity means trading volume is lower than normal which is to be expected during this time of year. Therefore, the bid/ask spreads are wider. Meaning that if the computer-driven trading houses decide to either buy or sell a lot of volume, the market can move violently in one direction rather quickly. What does this mean for our industry? This means that our customers can be very opportunistic especially if we see a retracement in prices after this rally we’ve seen since the beginning of December.

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Is the U.S. a Net Oil Exporter?

By: Jon Babyak / Posted on: December 3, 2019

The United States has significantly ramped up oil production over the past decade, but just how far have they come?  Depending on how you view oil production, the U.S. has just become a net oil exporter for the first time in 70 years.  Bloomberg describes the U.S. as a net petroleum exporter, but Forbes is quick to point out that this includes both crude oil and finished products, as opposed to just crude oil.

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Turmoil and market stability.

By: Ryan Wolfe / Posted on: September 26, 2019

Recent drone attacks have wreaked havoc on the Saudi Aramco oil facilities along with imposed sanctions on Venezuela and Iran.  These events should all be pointing one direction for the crude prices…..up.  Instead of the anticipated price increase, the recent fear of recession has helped keep the market in check.  

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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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