Commodities
Energy News Beat: 1/21/2021
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
Commodities
Overnight Oil Report 1/21/2021: API shows bearish build while traders eye more stimulus
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 […]
Commodities
Iranian sanctions relief under Biden could strain OPEC+ ties – over 1 million b/d exports could return
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 […]
Commodities
Insight to the 2021 Oil Hedging Forecast
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
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
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, […]
Commodities
Overnight Oil Report 1/15/2021: Do we see $54?
ENB Publishers Note: Do we see $54? Two touches, but no continuation move through. If we can get a bullish rig report, look out for a a break of that resistance line. New York — Crude […]
Commodities
EIA Natural Gas Report – Energy News Beat
Summary Working gas in storage was 3,196 Bcf as of Friday, January 8, 2021, according to EIA estimates. This represents a net decrease of 134 Bcf from the previous week. Stocks were 126 Bcf higher […]
Commodities
Goldman Sachs Warns Of Bullish Perfect Storm For Natural Gas
Goldman Sachs has flipped on their bearish natural gas stance to a bullish one. Goldman’s Samantha Dart’s reasoning behind the view shift is due to a combination of factors including “supply disruptions, shipping delays, and […]
Commodities
OPEC Sees Oil Demand Rise To 95.9 Million Bpd In 2021
Global oil demand is set to rise by 5.9 million barrels per day (bpd) in 2021 from an estimated average demand of 90 million bpd in 2020, OPEC said on Thursday, leaving its 2021 demand […]