The most recent was in 2011 when then-President Barack Obama released 30 million barrels of oil onto the world market in response to production disruptions in Libya. Other countries in the IEA matched the amount, placing 60 million barrels of oil into circulation. This chart from the U.S. ...
Oil producers get protection and order in exchange for pricing their oil in dollars and putting their reserves into Treasuries, and non-oil producers need oil, and thus need dollars so they can get that oil. This leads to a disproportionate amount of global trade occurring in dollars relative ...
However, progressively lower peaks on the daily chart could indicate that the upside may have stalled. The bears would be seeking to push down prices below the neckline at 96.58, targeting a measured move towards the 85.32 price support. This action would require the bears to push prices...
This US production chart is updated to April and tentatively extended to May and shows the continuous slow decline in oil output from US oil fields from November 2019 to March 2020 and then the sharp acceleration in April and May. Since the current EIA data is two months delayed, April is ...
The euro’s share (#2)has been roughly stable at around 20% for years. In Q3, it dipped to 19.6% (black line, red dots in the chart below). The other currencies are the colorful tangle at the bottom of the chart: The USD is losing ground against the tiny...
This chart shows four oil production graphs for the Permian basin updated to April and to June for the DPR. The gap between the DPR and LTO projections is there because the DPR projection includes both LTO oil along with oil from conventional wells in the basins that it covers. The red an...
of central banks. And central banks, after spending decades shedding their holdings, have been rebuilding them for the past decade. According to the IMF, they’re currently at 1.16 billion troy ounces – roughly $2.7 trillion, compared to $12.3 trillion...
United States Lime Minerals stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.
If you believe that demand for fossil fuels will be reduced by government climate policies, it follows that the oil majors are in a fight for survival. They risk being put out of business by billions of dollars-worth of "stranded assets" on their balance sheets, such as oil reserves and ...