Headwinds for Oil Grow as Economic Recovery Falters

Pumpjacks in the daylight

Crude prices have pushed higher this week despite Wednesday’s bearish fundamental data release by the EIA. So far this week, the plummeting U.S. dollar has overshadowed fundamental data which point to rising U.S. crude production and renewed weakness in demand amid the weight of the growing COVID-19 pandemic.

Launch Your New Career with Energy Trading Courses

The global pandemic has caused millions of workers worldwide to rethink their goals, careers, and ambitions. If this describes your scenario, you may be looking for something new. Energy trading courses could be the key to unlocking a whole new career path for you.

Can Fuel Administration Software Make You More Profitable?

Gas pump with data superimposed

In any business, the primary goal is to become profitable, then grow that profit over time. The bottom line increases when the company maximizes revenue while minimizing costs. For fuel buyers and sellers, investing in fuel administration software is both a necessary and profitable venture.

Using Historical Stock Prices and Real-Time Tick Data for Trading Success

When it comes to making effective decisions on when to buy or sell on the market, knowledge is everything. Using historical stock prices to predict market trends is an excellent way to understand when to buy and sell. Accessing information about past patterns, and using all available real-time tick data, are keys to trading success.

Net Import Turnabout

Oil pumpjacks working at sunset

Last week in this report we discussed the much-needed narrowing of U.S. net imports of crude. We detailed the importance of further declines in net imports in the coming weeks if we were to see the material draws to crude stocks needed to keep the rally in crude prices alive.

Top 3 Problems at End-of-Month Reconciliation and How to Solve Them

Service engineer on laptop with refinery in the background

When the end of the month rolls around, many accounting team members face it with a, shall we say, “less than enthusiastic” attitude. And who can blame them? Tracking down all those documents is a time-suck, and many times, it requires logging into a supplier portal to try to recreate them.