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HomeCommodities

Commodities

Commodities

Overnight Oil Report 1/26/2021 – Markets choppy as traders await new data

January 26, 2021 Mariel Alumit

Singapore — 0318 GMT GMT: Crude oil futures were lower during mid-morning Asian trade Jan. 26, as pandemic-related concerns in the region negated any market upside anticipated from the curtailment of supply. At 11:18 am Singapore […]

Commodities

Over-weekend Oil Report: Complex energy fundamentals keep prices range bound

January 25, 2021 Mariel Alumit

ENB Publishers Note: $CL currently trading at $52.47, finding a large block of volume at $52.40. Stocks back on normal drop dates (CL Wed @ New York — An unexpected US gasoline draw supported RBOB futures […]

Energy News Beat - Logo
Commodities

Energy News Beat: 1/22/2021

January 22, 2021 Mariel Alumit

Friday trading session ends with a lull as major indices retreat from all time highs. The broad equity benchmark dipped 0.3% to 3,841.47 after closing at a record in the previous session. The Nasdaq rose […]

Commodities

Overnight Oil Report 1/22/2021: Prices slump amid COVID ramp-up

January 22, 2021 Mariel Alumit

ENB Publishers: Markets reminded that CIVD exists (who knew?) driving prices down below $52 Singapore — 0243 GMT: Crude oil futures fell during the mid-morning trade in Asia Jan. 22, as pandemic concerns heightened amid a […]

Energy News Beat - Logo
Commodities

Energy News Beat: 1/21/2021

January 21, 2021 Mariel Alumit

Tech stocks again reach all time highs as strong earnings from tech companies this week send markets to the bull side once again. S&P 500: 16% Nasdaq: 66% Dow Jones: 16% “We see the pace […]

Commodities

Overnight Oil Report 1/21/2021: API shows bearish build while traders eye more stimulus

January 21, 2021 Mariel Alumit

Singapore — 0251 GMT: Crude oil futures ticked lower during the mid-morning trade in Asia Jan. 21, as data released by the American Petroleum Institute showed an unexpected build in US crude inventories, although the market […]

Iranian sanctions relief under Biden could strain OPEC -Energy News Beat
Commodities

Iranian sanctions relief under Biden could strain OPEC+ ties – over 1 million b/d exports could return

January 20, 2021 Stu Turley

Dubai — A return of Iranian oil to the market if new US President Joe Biden resurrects the nuclear deal could destabilize crude prices and undermine the OPEC+ alliance, experts said at the Atlantic Council Global […]

oil-hedging-Energy News Beat
Commodities

Insight to the 2021 Oil Hedging Forecast

January 20, 2021 Stu Turley

Abstract The recent and dramatic decline in the price of oil illustrates the risk every oil and gas producer faces with energy commodity price volatility. Although depressed prices forced operators to shut-in production to save […]

Carbon Tax

Energy News Beat 1/19/2021

January 19, 2021 Mariel Alumit

Markets price in larger stimulus amid changing administration and bank earnings coming in higher than expected. The Dow Jones Industrial Average rose 150 points, or 0.5%. The S&P 500 gained 0.7%, led by communication services, […]

Commodities

Overnight Oil Report 1/19/2020: US Stimulus hopes steady prices amid recently COVID-19 spikes

January 19, 2021 Mariel Alumit

ENB Publishers Note: Rangebound for crude oil prices as new US administration readies fresh stimulus. Remember traders…weaker dollar, better oil… Singapore — 0636 GMT: Crude oil futures were mixed during mid-afternoon trade in Asia Jan. 19, […]

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