Oil & Energy

Google Ad

The global anti-money laundering watchdog Financial Action Task Force (FATF) has given Iran a final deadline of February 2020 to comply with stricter money laundering financial standards.

EIA reported for the fifth week in a row that crude oil inventories grew, +9281k bbls with Gasoline and Distillate draws last week. Cushing grew +1276k bbls. US production stayed at the record high with 12.60 mbpd.

Natural gas futures ran up ahead of the EIA report of a higher than expected build of +104 Bcf in natural gas storage last week. Ahead we focus on LNG and Mexican exports and the winter outlook for the US.

Murray Energy Corporation, America's largest underground coalminer is battling to stave off bankruptcy, Yesterday it extended forbearance agreements with its lenders and elected not to make interest payments to noteholders,

Natural gas futures languished after EIA reported a higher than expected build of +112 Bcf in natural gas storage last week. Ahead we focus on LNG and Mexican exports and the winter outlook for the US.

The OPEC Monthly Oil Market Report (MOMR) for October released Thursday provides OPEC's outlook for crude oil market developments for the coming year with key developments impacting oil market trends in world oil demand and supply.

EIA reported for the fourth week in a row that crude oil inventories grew,  +2927k bbls with Gasoline and Distillate draws last week. Cushing grew +940k bbls. US production new record high with 12.60 mbpd.

EIA cut it's world oil demand forecasts by 50K Bpd for 2019 and by 100K Bpd for 2020 world oil demand growth. EIA estimates production from OPEC was down 1.6 million b/d from August, the lowest level of OPEC production since November 2003 from disruptions in Saudi Arabia, down 4.0 million b/d from September 2018.

Natural gas futures languished after EIA reported a higher than expected build of +112 Bcf in natural gas storage last week. Ahead we focus on LNG and Mexican exports and the winter outlook for the US.

EIA reported for the third week in a row that crude oil inventories grew,  +3104k bbls with Gasoline and Distillate draws last week. Cushing smaller draw of -201k bbls. US production just off new record high with 12.40 mbpd.

Google ads