Oil & Energy

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Over the past few weeks we have seen a steadying of new oil rigs in the US as the oil price falls. Baker Hughes US oil rig count fell just 1 rig 764 from 765. U.S. Natural gas rigs also fell from 187 to 186 this week.

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.

The TCOIL preview for this week's EIA DOE Weekly Petroleum Status Report highlights the key variable to watch out for. Crude oil markets are watching for production and product use with the all important import export trade.

Crude oil prices have languished either side of $46 on a quiet news day for it. We had Yellen schmoozing up the US stock markets to all time highs and another uneventful natural gas report from the EIA.

The OPEC Monthly Oil Market Report (MOMR) for June released Tuesday 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.

The OPEC Monthly Oil Market Report (MOMR) for May 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.

The OPEC Monthly Oil Market Report (MOMR) for April 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.

The OPEC Monthly Oil Market Report (MOMR) for March released Tuesday 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.

The OPEC Monthly Oil Market Report (MOMR) for February released Monday 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.

The OPEC Monthly Oil Market Report (MOMR) for January released Wedneday 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.

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