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HomeCommodities

Commodities

EIA - Energy News Beat
Commodities

Russia has won the oil war -EIA forecasts the United States will return to being a net petroleum importer in 2021

February 12, 2021 Stu Turley

Energy News Beat Publishers Note: This means Russia and other countries that do not have the best interests of the United States has won. We are now at their mercy. More petroleum (including crude oil […]

Oils Rebound Is Draining Storage Tanks Across the Americas
Commodities

Oil’s Rebound Is Draining Storage Tanks Across the Americas

February 12, 2021 Stu Turley

Oil storage locations across the Americas are emptying as the remarkable rally in crude prices undermines the need to buy and stockpile barrels. Tank owners were one of the few benefactors from last year’s collapse […]

Energy News Beat - Logo
Commodities

Energy News Beat 2/11/2021:

February 11, 2021 Stu Turley

Markets mixed, Earnings are rolling out – Jobless numbers impacting – around the 10% if the people that quit looking for work included. Duke Energy Earnings NG Stocks 171 BCF Draw ET goes to renewables […]

Global demand forecast for 2021 cut by 200-000 barrels a day
Commodities

IEA Says Oil Market Recovery Still Fragile as Virus Persists

February 11, 2021 Stu Turley

The re-balancing of global oil markets remains “fragile” amid weaker estimates for demand and a recovery in supplies, the International Energy Agency said. The IEA cut forecasts for world oil consumption in 2021 by 200,000 […]

Commodities

Overnight Oil Report 2/11/2021: Gasoline inventories build (yay fundamentals)

February 11, 2021 Mariel Alumit

Singapore — 0255 GMT: Crude oil futures were lower during mid-morning trade in Asia Feb. 11 on the back of a build in US gasoline inventories and despite the sharp drop in crude oil stocks. At […]

Energy News Beat - Logo
Commodities

Energy News Beat 2/10/2021: Has Oil run dry?

February 10, 2021 Stu Turley

Crude Oil and Natural Gas News Putin wants to take out US Shale, and produce everything Biden bans. OPEC still has no enforcement of production Total says that there will be 10mbd off the market […]

Total - Energy News Beat
Commodities

Oil Major Total Sees 10 Million Bpd Supply Gap In 2025

February 10, 2021 Stu Turley

France’s supermajor Total is warning that the world could find itself with a shortfall of supply of 10 million barrels per day (bpd) between now and 2025, due to continued underinvestment in the industry, the […]

No Picture
Commodities

Overnight Oil Report 2/10/2021 – Fundamentals?!

February 10, 2021 Mariel Alumit

Singapore — 0234 GMT: Crude oil futures were rangebound in mid-morning trade in Asia Feb. 10 as improving fundamentals for crude oil were weighed against concerns of an overheated market. At 10:34 am Singapore time (0234 […]

No Picture
Commodities

Energy News Beat 2/9/2021: Super Bowl Hangover? Not For Crude

February 9, 2021 Mariel Alumit

Markets stay flat today after huge Monday rally fades away S&P 500: 01% Nasdaq: -0.09% Dow Jones: 08% “The market has been pricing in the reopening optimism, and in the short term that may be […]

Commodities

“Over-Long-Weekend” Oil Report 2/9/2021

February 9, 2021 Mariel Alumit

Singapore — 0300 GMT: Crude oil futures strengthened during mid-morning trade in Asia Feb. 9, as expectations of a return to pre-coronavirus consumption patterns amid the abating crisis and hopes of an upcoming US stimulus package […]

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