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- Written by TradersCom
- Category: Energy
This week's EIA Inventory report on Wednesday showed a surprise build in Crude, Gasoline and Cushing storage. This comes with crude speculators showing record length. Add this to a shifting geopolitical risk matrix for this week's storage report.
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- Written by TradersCom
- Category: Energy
CenterPoint and Vectren Corporation announced a definitive merger agreement combining $29 billion in assets across eight states with an enterprise value of $27 billion. To be known as Centerpoint Energy maintaining earnings guidance.
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- Category: Energy
Crude prices scorched to 4 year highs this week with Saudi hoping for $100 oil. Oil rigs gained another 5 rigs this week to 820 oil rigs. This week's DoE Petroleum Status Report showed all time high oil output as Russia, OPEC and Syria overhang.
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- Category: Energy
The EIA reported a natural gas storage draw of -36 Bcf this week with futures continuing to listlessly drift sideways. With cold still hanging around up East it's around 2 weeks in the heating season.
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- Category: Energy
This morning WTI prompt futures traded over $68 bbl, the highest in over 3 years on news Saudi Arabia wants crude at $80 and then $100 a barrel. The clear winner here is American shale producers and exporters should this all happen.
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- Category: Energy
This week's EIA Inventory report on Wednesday is straddled by options expiration on Tuesday and futures expiration Friday. Add this to a shifting geopolitical risk matrix for this week's storage report.
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- Category: Energy
Crude prices remain at 3 year highs and U.S. oil production keeps rising with oil rigs gaining another 7 rigs this week to 815 oil rigs. This week's DoE Petroleum Status Report showed all time high oil output as worries of a trade war and Syris rings out.
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- Written by TradersCom
- Category: Energy
The EIA reported a natural gas storage draw of -19 Bcf this week with futures continuing to listlessly drift sideways. With cold still hanging around up East it's around 2 weeks in the heating season.
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- Written by Corporal
- Category: Energy
New Zealand's Prime minister Jacinda Ardern announced Thursday no further offshore oil and gas exploration permits will be granted committing to a clean energy future. Existing permits remain unaffected.
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- Written by TradersCom
- Category: Energy
The EIA Inventory report showed a suprise build in crude stockpiles and in Gasoline last week. Behind the storage noise is a shifting geopolitical risk matrix adding to uncertainty with Iran, Syria, Russia and Chinese trade tensions which is unsettling financial markets.
