Via Reuters. That’s a significant outbreak in California #OOTT #coronavirus

FRENCH FIN MIN: G-7 CORONAVIRUS MEETING TO BE HELD BY TELEPHONE TO LIMIT TRAVEL

🚨 BREAKING 🚨 "We have therefore made the assessment that #COVID19 can be characterized as a pandemic"-Tedros Adhanom Ghebreyesus #coronavirus

[Update Webinar] Join our Commodity Analysts, Robbie Fraser and Balint Balazs, to discuss the effects that Coronavirus COVID-19 are having on the crude & natural gas markets and further global impact on April 2nd. spr.ly/60151srPz #LifeIsOn

Welcome to "TRENDING" a live video series with Senior Commodity Analyst, Robbie Fraser every Monday, Wednesday, and Friday. Get a preview and a quick market update as well as a place to subscribe so you don't miss the live streams: spr.ly/60111tjE5 #LifeIsOn

We'll keep these going every MWF @ 11AM EDT. Quick macro update on energy markets & what to watch for moving forward.

BINGO

THREAD EXPLAINING NEGATIVE OIL: Oil costs $ to store. Due to the economic collapse, oil isn't being used much. So all the storage facilities are filled up. So nobody who can store it will buy it from you. If you want to get rid of oil, you have to pay someone. That's the thread

Watch yesterday's TRENDING Market Update where Commodity Analyst, Robbie Fraser, dove into the effects the long weekend had on the global markets. Be sure to join live every Monday, Wednesday, and Friday. spr.ly/6010GDxqo

OIL MARKET: The situation in the U.S. is very complicated: Permian oil output has fallen by ~1m b/d due to cold weather. U.S. GoM refiners runs rates are down by 3.1m b/d. And oil demand? Few put a number. But for sure gasoline is down; while diesel and LPG are way up | #OOTT

ICYMI — Brent oil hit $65/bbl earlier this week, the highest since Jan. 2020, in a dramatic recovery from last year’s slump A drop in US oil production from the deep freeze was a factor. I explore some of the other factors in this TikTok

A summary of recent oil market developments. #OOTT

Lowest seed that will win a 1st round game in the NCAA March Madness?

Today's Weekly EIA numbers are for the week ending Friday May 7th, so right at the start of the Colonial Pipeline shutdown. Do not interpret anything in this week's data as being related. #OOTT

The #ColonialPipeline Company expects the pipeline to be substantially operational by the end of this week. We continue to work with the company to minimize the impact to fuel supply and American consumers. 1/

THREAD: The #Opec+ JMMC will meet in just over an hour at 14:00 Vienna time, to be followed by the ministerial meeting at 15:00. As was the case last month, looking unlikely at this point that there will be any streamed opening statements or a post-meeting presser. #oott /1

History doesn’t repeat itself, but it often rhymes

Mark Finley Very good point. We have a lesson on how Russia may respond to a loss of revenue: the Saudi oil price war. And the lesson is that you have to go "nuclear" financially from the first day, imposing massive $$$ pain to force Moscow into the negotiation table. That's what Riyahd did

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