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HomeAuthorsClark Savage

Articles by Clark Savage

Commodities

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

January 26, 2021 Clark Savage

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 […]

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Crude Oil News

Energy News Beat 1/27/2021: SpaceX wildcatters?

January 25, 2021 Clark Savage

  Another “record” Monday for the S&P as major indices inch higher as earnings season takes full effect this week. This coming week, 13 Dow components and 111 S&P 500 companies are set to report […]

Commodities

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

January 25, 2021 Clark Savage

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 […]

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Commodities

Energy News Beat: 1/22/2021

January 22, 2021 Clark Savage

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 […]

Energy Storage

SpaceX Plans to Drill for Natural Gas Next to Texas Launchpad

January 22, 2021 Clark Savage

Elon Musk recently moved to Texas, where he launches some of his rockets and is building a battery factory. Now, for good measure, he plans to drill for natural gas in the state. The billionaire’s SpaceX […]

Commodities

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

January 22, 2021 Clark Savage

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 […]

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Commodities

Energy News Beat: 1/21/2021

January 21, 2021 Clark Savage

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 […]

Exxon - Energy News Beat
Exploration and Production

ExxonMobil in talks to sell UK North Sea assets to Norway investor HitecVision

January 21, 2021 Clark Savage

London — ExxonMobil is in talks to sell its UK North Sea assets to Norwegian investor HitecVision, the companies said Jan. 21, after HitecVision was previously instrumental in ExxonMobil’s exit from Norway. In separate statements, the […]

Commodities

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

January 21, 2021 Clark Savage

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 […]

Exploration and Production

Extraction Oil and Gas emerges from bankruptcy, names new CEO and chairman

January 20, 2021 Clark Savage

DBJ – Extraction Oil & Gas named a new CEO and revealed a new board of directors as it emerged from Chapter 11 bankruptcy Wednesday, completing six months of restructuring. Industry veteran Tom Tyree, who had […]

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