Oil – Laker Asset Management

International | Apr 8th-Apr 14th | Will Oil Production Cuts Be Enough?

Global Oil War Comes to a Close: Last Thursday, April 9th, twenty-three countries met led by Russia and Saudi Arabia, in efforts to end the "oil war" that had been in full swing since early March. On that day, production cuts were initially rejected by Mexico, but come April 12th, the deal was finalized. OPEC+ nations are to reduce output by 9.7m barrels per day in the months of May and June, or about 10% of global output. The countries, while not required to as per the deal, are likely to h

by Derek Kagen April 13, 2020April 14, 2020

International

International | OPEC+ and COVID in EU| Mar 22nd 2020

Follow-Up on Oil War & European Prevention Efforts UPDATE: European Stage of the Coronavirus Epidemic Italy has surpassed China in total deaths at nearly 5,500, making it the new epicenter of the virus. The entire country is completely shut down and off limits, and any movement within the country has even been restricted. Over the course of the last week we have seen lots of development in the variety of restrictions which European countries are putting in place to comba

by Derek Kagen March 22, 2020March 30, 2020

International

International | Oil On the Rise | Sep 2nd-Sep 8th

World Oil Prices close at week highs It was a good week for oil owners around the world. All oil rose nearly 5% except for Iran Heavy and Saharan Blend. There have been a few different economic reasons as to why oil has been climbing and finishing higher and higher every week. One of the most significant reasons for a recent spike in oil is the news of a sit down between China and the US to agree upon a trade deal finally. The US, now the leader in oil production, has a large impact regardin

by Reid Marlow September 8, 2019September 10, 2019