Oil & Energy

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Sulfur dioxide levels in China declined dramatically even though coal usage increased by approximately 50% and electricity generation grew by over 100%, India's sulfur dioxide emissions increased by 50 percent over the past decade.

Coal has been the dirty relation in energy for a number years now as renewables and natural gas continue to dominate. Mines have closed, plants have shut so it's no surprise the EIA reports in August 2017, coal stockpiles at electric power plants were 144 million tons, the lowest monthly level since late 2014.

The EIA releases it's weekly natural gas storage report each Thursday at 10.30 ET, the key data point for natural gas traders outside of weather modelling. This week another build is expected.   

OPEC said shale oil production will grow considerably faster than expected over the next four years while global demand for OPEC’s crude will rise in the next two years more slowly than expected.

Our TCOIL preview for this week's EIA DOE Weekly Petroleum Status Report highlights the key variables to watch out for. Crude oil markets are watching products and production after earnings with the all important import export trade.

West Texas Intermediate Crude Oil futures (WTI) Friday closed over a key previous weekly high over $55. WTI had been lagging behind Brent as shown in the BrentWTI spread widening.  After a series of break and retests where to now?

U.S. oil and natural gas rigs fell gain this week confirming the concerns Baker Hughes GE Co. $BHGE and Schlumberger $SLB had about driling activity. The news sent WTI Crude oil prices higher to close above key weekly levels.

The EIA releases it's weekly natural gas storage report each Thursday at 10.30 ET, the key data point for natural gas traders outside of weather modelling. This week another build is expected.   

Our TCOIL preview for this week's EIA DOE Weekly Petroleum Status Report highlights the key variables to watch out for. Crude oil markets are watching products and production after earnings with the all important import export trade.

ExxonMobil has expanded it's offshore acerage with a deal to acquire half of Statoil's 66% interest in the BM-S-8 block of offshore Brazil , Criterion Research reported. $XOM will pay an upfront cash payment of $800 million with contingent payments of up to $500 million.

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