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Commodities

Overnight Oil Report 3/2/2021 –

March 2, 2021 Mariel Alumit

Singapore — 0305 GMT: Crude oil futures dived during mid-morning trade in Asia March 2, as a stronger US dollar eroded buying sentiment, and as uncertainty over the upcoming OPEC+ meeting continued to weigh on the […]

Commodities

Overnight Oil Report 3/1/2021 – Will OPEC+ boost supply?

March 1, 2021 Mariel Alumit

New York — Crude oil futures finished the week sharply lower as a stronger dollar and expectations of rising global supply continued to pull prices off 13-month highs seen earlier this week. NYMEX April WTI settled […]

Commodities

Overnight Oil Report 2/26/2021 – Crude falls on rising DXY

February 26, 2021 Mariel Alumit

Singapore — 0549 GMT: Crude oil futures were lower during midafternoon trade in Asia Feb. 26 as a risk-off sentiment in equities markets added downward pressure to oil prices, further hurt by rising bond yields pushing […]

ENB Pub Note

Colorado’s new oil and gas laws could be an example the White House follows

February 25, 2021 Mariel Alumit

Energy News Beat Publishers Note: The Colorado regulatory agencies have implemented some of the toughest regulations in the country regarding oil & gas operations. There have been papers written from large universities explaining why these […]

Commodities

Overnight Oil Report 2/25/2021 – EIA builds can’t bring down CL

February 25, 2021 Mariel Alumit

Singapore — 0314 GMT: Crude oil futures ticked higher during midmorning trade in Asia Feb. 25 as the market overlooked bearish data from the US Energy Information Administration to focus on optimism over declining COVID-19 infection […]

Crude Oil News

Energy News Beat: 2/23/2021 – Earnings on Earnings on Earnings

February 23, 2021 Mariel Alumit

Tech sell of continue amid Chairman Powell’s meeting notes of managing inflation S&P 500: -0.8% Nasdaq: -2.1% Dow Jones: -0.42% “The economy is a long way from our employment and inflation goals, and it is […]

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Commodities

Overnight Oil Report 2/23/2021 – Crude TO THE MOON?

February 23, 2021 Mariel Alumit

New York — Crude oil futures surged nearly 4% to settle at 13-month highs Feb. 22 as US refineries began to restart in the wake of severe weather across the southern US last week. NYMEX March […]

Commodities

Over-weekend Oil Report 2/22/2021 – Permian basin comes online, capping prices

February 22, 2021 Mariel Alumit

New York — Crude oil price declines continued Feb. 19 as the market eyed rising supply outlooks amid the restart of Texas production and easing US-Iran tensions. NYMEX March WTI settled down $1.28 at $59.24/b and […]

Energy News Beat Daily Oil Report
Commodities

Overnight Oil Report 2/19/2021 – Taking Profits, Taking Names

February 19, 2021 Mariel Alumit

New York — 0308 GMT: Crude futures weakened during midmorning trade in Asia Feb. 19 as the support received from supply disruptions in the US due to freezing temperatures eased, allowing prices to return to fundamental […]

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Commodities

Energy News Beat: 2/18/2021 – Earnings on Earnings on Earnings

February 18, 2021 Mariel Alumit

Major indices fall after weak jobs data and a miss in Walmart earnings S&P 500: -0.52% Nasdaq: -0.73% Dow Jones: -0.44% Walmart shares dropped nearly 6% after its fourth-quarter earnings fell short of Wall Street estimates. […]

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