7 hours U.S. Oil Imports From OPEC Plunge To Lowest Since 1973 10 hours Mexico’s Private Oil Companies Could Add 700,000 Bpd By 2030 11 hours Senate Reinstates Methane Emission Rules For Oil, Gas Industry 1 day Major Chinese Investors Could Buy Stake In Aramco 1 day Oman s National Oil Firm To Sell Off Assets To Fund $8 Billion In Spending 1 day Brent Crude Loadings Could Stop If Workers Go On Strike In Mid-May 1 day Alberta Wins “Turn Off Oil Taps” Court Battle 1 day Uganda Set To Launch Tenders On Massive Oil Project In December 1 day BP Resumes Buybacks After Q1 Profit Triples 1 day Canada’s Oil Sands In Trouble As COVID Cases Soar
While there are a large number of factors influencing oil markets at the moment, three factors stick out and are most likely to determine the course of crude in May