Over the weekend OPEC agreed to a one-month extension to production cuts totaling 9.7 million bbls/d. The one-month timeline is shorter than the market is used to from OPEC, where they normally set longer-term goals and meetings. While the COVID crisis naturally requires a quicker...
Low oil prices are accelerating the global dollar shortage and an even stronger US dollar could weigh on global growth. Mark Le Dain, VP Strategy, commenting on the recent currency trends with Business Insider. Read more in the article here. ...
Positive developments have been hard to find in the oil market in recent months, but there have been some encouraging trends over the past week. Validere’s Mark Le Dain comments on anticipated changes for both storage build and supply. Read more in Rigzone’s weekly market insights...
The coronavirus pandemic is far from over, but a number of economic forces are propping up oil prices. Tarun Ajwani, VP of Business Development at Validere offered his perspective to The Washington Post on oil-producing nations delivering on promised production cuts. Read more in The...
Validere’s Mark Le Dain shares his thoughts with CBC News on how increased gasoline consumption could be an unexpected source of near-term demand for energy. Read more in the CBC News article....
Our Edge Team has put together a report outlining how the convergence of Canadian crude oil differentials has led to some non-traditional blending opportunities in Canada. Validere’s Edge platform identifies these types of opportunities in real time using its AI engine and a vast database...
Businesses in the United States, Israel and other countries were planning to invest billions in export terminals. Now, those projects are being canceled or delayed. Mark Le Dain, VP of Strategy for Validere offered his perspective to the New York Times on the implications of...
Validere’s Mark Le Dain shared his thoughts on last week’s positive oil market developments and his expectations for this week. Read more in Rigzone’s weekly market insights here and here....
Validere’s Mark Le Dain explores the data dynamics that impact crude storage numbers in April’s edition of World Pipelines. Read the article....
Oil prices are bottoming out at historic lows as a federal program to help the oil patch, including a backstop for banks that lend to the energy sector, is on its way. Tarun Ajwani, VP of Business Development at Valdiere offered his perspective to the...