Analysis last updated: Saturday, June 29, 2024 at 03:44 AM UTC
COVOL data for
COVOL Loadings
| Country | Loading | VW Loading |
|---|---|---|
| PetroChina Company Limited | 0.2872 | 7.5744 |
| Anadarko Petroleum Corp | 0.2532 | 1.6117 |
| Shell PLC | 0.2493 | 0.8746 |
| BP PLC | 0.2425 | 0.8723 |
| Devon Energy Corp | 0.2180 | 1.6469 |
| EOG Resources Inc | 0.2167 | 1.3863 |
| Eni SpA | 0.2156 | 0.7976 |
| Exxon Mobil Corp | 0.2078 | 0.5758 |
| Halliburton Co | 0.2026 | 1.6785 |
| Repsol SA | 0.2022 | 0.9396 |
| Chevron Corp | 0.2000 | 0.6072 |
| Occidental Petroleum Corp | 0.1916 | 1.1776 |
| TotalEnergies SE | 0.1892 | 0.6391 |
| ConocoPhillips | 0.1857 | 0.8243 |
| Schlumberger Ltd | 0.1857 | 1.1031 |
| Princ Comp #1 | 0.1854 | 0.5986 |
| Equinor ASA | 0.1848 | 0.9204 |
| Suncor Energy Inc. | 0.1836 | 1.1234 |
| Kinder Morgan Inc/DE | 0.1753 | 0.6026 |
| Petroleo Brasileiro SA | 0.1743 | 1.9315 |
Top COVOL Events (new events in boldface)
| Date | COVOL | Event | |
|---|---|---|---|
| 1 | Oct 7, 2003 | 88.66 | Oil and gas running out faster than global warming |
| 2 | Apr 12, 2019 | 68.04 | Sanctions on Iran and Venezuela; U.S. crude oil production record high; Global Youth Climate Strike |
| 3 | Mar 9, 2020 | 62.39 | COVID - All of Italy is locked down, Saudi Arabia / Russia oil price war |
| 4 | Jun 22, 2001 | 58.18 | Exxon accused of human rights abuse, OPEC signals output would remain steady |
| 5 | Dec 7, 2001 | 47.57 | Israeli–Palestinian conflict |
| 6 | Mar 14, 2014 | 30.74 | Russia–Ukraine gas disputes: Annexation of Crimea |
| 7 | Jul 21, 2005 | 28.79 | Uncertainty surrounding the effects of China's currency revaluation; attacks on London's Underground and mixed earnings reports; Saudi Arabia's record budget surplus; Terasen B.C. Oil Spill |
| 8 | Oct 31, 2003 | 25.94 | Stocks Tumble, Spurred by Dive in Consumer Confidence |
| 9 | Nov 9, 2020 | 25.68 | COVID - Pfizer early trial data suggests vaccine is 90% effective; Oil soars 8% on promising COVID-19 vaccine results; Joe Biden elected president of the United States |
| 10 | Jun 24, 2016 | 24.43 | Brexit |
| 11 | Jun 1, 2010 | 24.16 | Deepwater Horizon oil spill. US to investigate possible criminal prosecutions |
| 12 | Sep 16, 2019 | 20.58 | Drone attack on critical Abqaiq–Khurais oil processing facilities |
| 13 | Nov 8, 2007 | 19.84 | Global Financial Crisis - Asian markets crash; Cosco Busan oil spill |
| 14 | Mar 18, 2020 | 19.29 | COVID - Oil dropped in 3rd worst day on record as COVID-19 continues and rising worries about a global recession lead to fears of longer-term demand destruction |
| 15 | Feb 28, 2022 | 19.00 | Russia invades Ukrained; Sanctions on Russia |
| 16 | Jan 2, 2004 | 18.43 | |
| 17 | Oct 28, 2021 | 17.88 | Oil executives hearing on Climate Change |
| 18 | Feb 5, 2001 | 17.84 | Israeli–Palestinian conflict |
| 19 | Mar 16, 2020 | 17.46 | COVID - United Nations Climate Change Conference (COP26) postponed |
| 20 | Apr 29, 2010 | 17.44 | Deepwater Horizon oil spill |