Tag: joe biden

The Daily Dose; DUCs are a thing again. Oh, and there’s some kind of political race in the US.

November 6, 2020

-A President Biden might not be as bad as drillers think. -US rig counts rise for the eighth straight week. The stars aligned for a down day for commodities on Friday, with the pandemic, a divisive US political climate, higher rig counts and low unemployment blowing hard in the face of crude oil prices. We … More The Daily Dose; DUCs are a thing again. Oh, and there’s some kind of political race in the US.

The Daily Dose; US Oil Stock Draw Drives Rally

November 4, 2020

-Equities bet a Biden win would be offset by a GOP Senate. -Will Tropical Storm Eta disrupt traffic in the Gulf of Mexico? Crude oil prices followed equities higher in Wednesday trading as most people were glued to their televisions or social media feeds waiting for the results from the US presidential contest. The race … More The Daily Dose; US Oil Stock Draw Drives Rally

The Daily Dose; OPEC all-but certain to stand pat on production

November 3, 2020

-OPEC has two problems; supply and demand. -China looks inward for growth. It’s Election Day in the United States and crude prices are in rally mode. It has little to do with the U.S. contest, however, and more to do with OPEC. The production group has two clear problems; one is demand, the other supply. … More The Daily Dose; OPEC all-but certain to stand pat on production