Oil & Energy

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Natural gas futures lifted to key levesl at week's end as weather, LNG exports and a short market pressured offers. EIA reported as expected lower than expected build of +78 Bcf in natural gas storage last week. Ahead we focus on LNG and Mexican exports and the winter outlook for the US.

Oil rallied into the report as money flowed back into risk assets with hope on China and the UK.  EIA reported Crude oil inventories drew -6912k bbls with a Gasoline draw and Distillate build last week. Cushing a smaller than expected draw of -798k bbls. US production just off the new record high with 12.40 mbpd.

The OPEC Monthly Oil Market Report (MOMR) for September released Wednesday 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.

Natural gas prices at the Waha hub in the Permian basin in West Texas rose along with Henry Hub futures prices. The move comes ahead of the new Gulf Coast Express pipeline start-up Spot natural gas prices have risen to their highest price since March.

The U.S took 4 oil rigs out of service as U.S.oil production remained just off a new high at 2400kbpd. US took down 2 Natural Gas rigs as Canadian natural gas rigs were unchanged, oil rigs fell 3

Oil rallied into the report as money flowed back into risk assets with hope on China and the UK.  EIA reported Crude oil inventories drew -4771k bbls with Gasoline and Distillates draws last week. Cushing a small draw of -230k bbls. US production just off thenew record high with 12.40 mbpd.

Natural gas futures lifted to key level at week's end as Hurrican Dorian developed into a Cat 5 by Sunday. EIA reported as expected build of +84 Bcf in natural gas storage last week. Ahead we focus on LNG and Mexican exports and the winter outlook for the US.

The U.S took 12 oil rigs out of service as U.S.oil production hit a new high at 2500kbpd. US Natural gas rigs were unchanged. Canadian natural gas rigs rose 1, oil rigs rose 10

EIA reported as expected build of +60 Bcf in natural gas storage last week, Ahead we focus on LNG and Mexican exports and the hot weather expected in Texas.

EIA reported Crude oil inventories drew -10272k bbls with Gasoline and Distillates showing draws also last week. Cushing showed another large draw of -1980k bbls. US production hit a new record high of 12.50 mbpd.

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