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HomeCommodities

Commodities

Iranian-flagged MT Horse
Commodities

China’s Binge on Iranian Oil in Focus Following Tanker Seizures

January 28, 2021 Stu Turley

An increase in Iranian oil exports to China has received some unwanted attention in recent days and is now prompting fears of a clampdown. Indonesia seized two vessels — one of which was Iranian-flagged — on Sunday […]

Commodities

Overnight Oil Report 1/28/2021 – Despite $CL stock draw, prices range ahead of vaccine rollout

January 28, 2021 Mariel Alumit

Singapore — 0336 GMT: Crude oil futures declined in mid-morning trade in Asia Jan. 28, despite a fall in US inventories, as worries over global growth recovery came back to the fore after the International […]

Energy News Beat - Logo
Commodities

Energy News Beat: 1/27/2021 – Crude draws can’t lift prices

January 27, 2021 Mariel Alumit

Stocks fall sharply from disappointing earnings (beside Gamestop…). Boeing fell more than 4% after its earnings report showed 2020 net loss hit a record of $11.9 billion amid the 737 Max grounding and the coronavirus pandemic. S&P […]

Oil Rises With Market Structure Pointing to Tight Global Supply- Energy News Beat
Commodities

Oil Rises With Market Structure Pointing to Tight Global Supply

January 27, 2021 Stu Turley

Oil rose as signs of tightening supplies around the world offset concerns over the pandemic’s latest hit to demand. U.S industry data pointed to a sharp drop in the nation’s crude stockpiles last week. If confirmed by […]

Commodities

Energy News Beat 1/27/2021: Oil and Gas Gets Political

January 26, 2021 Mariel Alumit

Another choppy day for the markets as stocks finish flat ahead of big corporate earnings. S&P 500: 00% Nasdaq: 20% Dow Jones: 04% General Electric shares jumped 9% on its better-than-expected industrial free cash flow for the fourth […]

Libyan surge, slipping compliance push OPEC+ output up sharply in Dec: Platts survey
Commodities

Libya Oil Flow Rises on Pipeline Fix as Pay Talks Continue

January 26, 2021 Stu Turley

Libya’s oil production rebounded to around 1.25 million barrels a day after a major pipeline was fixed, while efforts continued to end a strike that could halt exports at three of the OPEC country’s ports. […]

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 […]

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