Recent Commentary

July 26, 2017
Reports from Rueters indicate Venezuela was unable to make payments for oil field services to Halliburton and Schlumberger in cash. Venezuela issued S...
July 25, 2017
The committee for monitoring OPEC and non-OPEC compliance concluded their meeting yesterday and the word was sent out that Nigeria would join the deal...
July 24, 2017
The Baker Hughes rig count had oil rigs down 1 to a total of 764. This decline is only the second in the past four weeks but also only the second sinc...
July 21, 2017
WTI crude oil had a $1 trading range yesterday and Brent crude traded above $50 per barrel at one point. The ranges on the refined products was roughl...
July 20, 2017
The Department of Energy inventory report had crude stocks won 4.727 million barrels, and the crude stocks at Cushing, Oklahoma were down 23,000 barre...
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