Monday, March 10, 2025
Expiring U.S. crude oil futures contract posts 'epic' 40% slide- oil and gas 360

Expiring U.S. crude oil futures contract posts ‘epic’ 40% slide

Reuters An extreme situation has developed in the U.S. crude oil futures markets, as the current front-month May contract expiring on Tuesday has dropped by a whopping 40%, opening up the widest gap ever between it and the next contract, nearly $11 a barrel. That gigantic spread CLc1-CLc2 is the result of the shocking fall in demand due to the

India-oilandgas360

Indian refiners forced to issue force majeure notices: GlobalData

Oil&Gas The lockdown in India has resulted in a sharp drop in fuel demand, forcing refiners to operate at lower capacities Oil & Gas Publishers Note: Very nice article from Carla Sertin. India has been importing oil from Iran – I guess one way to stop it is to shut the country down for demand.  The extended lockdown announced by