from WallStForMainSt
Crude oil prices are still falling with no bottom in sight. But is the worst over already?
According to these articles, no, it’s not:
1) The Real Oil Demand Shock Is Yet To Come https://oilprice.com/Energy/Energy-Ge…
2) Largest Oil Glut In History Could Force Crude Prices Even Lower https://oilprice.com/Energy/Crude-Oil…
3) Oil Plunges To 17 Year Low As One Bank Predicts Negative Prices https://www.zerohedge.com/markets/oil…
4) Oil freefall accelerates; WTI sinks to 17-year low https://seekingalpha.com/news/3552828…
5) Most Of The World’s Airlines Could Be Bankrupt By May https://oilprice.com/Latest-Energy-Ne…
6) Global Jet Fuel Demand To Slump 11% Amid Coronavirus Outbreak https://oilprice.com/Latest-Energy-Ne…
7) Dual Shocks: OPEC Slashes 2020 Oil Demand Growth By 94% https://www.zerohedge.com/markets/dua…
How Much Longer Can Russia & Saudi Arabia Maintain or Increase Current Oil Production Levels Without Going Bankrupt Themselves?
1) Russia Scrambles To Save Its Economy As Oil Prices Collapse https://oilprice.com/Latest-Energy-Ne…
2) Russia Sees Oil & Gas Income Fall By Almost $40 Billion https://oilprice.com/Energy/Energy-Ge…
3) Saudi Arabia’s Oil War Could Bankrupt The Kingdom https://oilprice.com/Energy/Energy-Ge…
US Shale Oil Producers Hedging Programs:
1) U.S. shale companies hedges were inadequate for oil price crash https://www.reuters.com/article/globa…
2) May 2019 Article That Explains How Oil & Gas Companies Hedge https://opportune.com/Energy-Sector-I…
Hot Topic #8 Tracy Shuchart: COVID19, OPEC+ & Crude – What comes next?