natural gas

A grim report that showed a record U.S. daily cases of Covid-19 infection reported. The IEA warns that the rise in Covid-19 cases is the biggest threat to demand and the oil price recovery.
The international trade in LNG has collapsed, squeezing an important outlet for U.S. shale gas. A snap-back in gasoline demand in yesterday’s weekly EIA report offset concerns about a build in U.S. crude oil supplies.
Fed actions, along with OPEC plus cuts that are going to reduce supply along with the historic drop in U.S. oil production, will set the stage for higher prices and better demand for oil. They slightly raised their forecast for production based on a forecast for a higher price.
Oil prices are dipping as it tries to create a floor near $40.00 a barrel. I think oil will flip later today despite the dip.    
After Dominion and Duke canceled their plans to build the Atlantic Coast Pipeline, Berkshire-Hathaway assumed their debt and bet big on Natural Gas.
The OPEC+ production cuts are starting to show their desired effects as global oil inventories start to fall, and oil clocked its best quarter in 30 years.
Crude Oil prices are rising and demand is increasing as production cuts continue.
Oil prices opened Sunday night lower, on rising Covid-19 concerns but are rallying back hard on reports of strong global demand.
While U.S. banks passed their stress tests, oil traders may not. Caution is weighing on market sentiment and offsets all the good news about faster than expected oil demand recovery.
Just when you thought it was safe to go back in the water, Covid-19 concerns again are weighing on market sentiment and hurting prices for oil and products.