Oil & Energy

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Clear Russian oil strategy. Yesterday Russia increases their lead over Saudi Arabia in crude oil exports of to China today Energy Minister Alexaconder Novak said they will increase its oil output by 3.5-4.0 million tonnes in 2018 if OPEC and non-OPEC deal not extended. 

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 for products and production after the hurricanes with the all important import export trade.

Debt laden commodities trader Noble Group Ltd  warned Monday of a third-quarter loss of up to US$1.25 billion and announced the sale of its US oil-liquids business to Vitol Group BV for US$582 million.

There was a time that midwest oil refineries were at the mercy of the cheaper crude from the American gulf coast, that has all changed with cheap crude flowing to them feeding record refining in the region.

U.S. oil rigs fell gain this week General Electric Co’s Baker Hughes reported, this follows earnings from Baker Hughes GE Co. $BHGE and Schlumberger $SLB with concerns about driling activity. On a monthly basis rigs fell 9 in September, after declining 7 in August. 


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 for products and production after the hurricanes with the all important import export trade.

Another twist in the much delayed Saudi Aramco IPO. The Financial Times and WSJ are out with a report that Aramco, i.e. The Kingdom of Saudi Arabia, is considering ditching the IPO internationally, listing domestically and selling shares privately.

U.S. oil rigs fell gain this week General Electric Co’s Baker Hughes reported as we head into earnings season and the hurricane season continues with maintainence and disruptions. On a monthly basis rigs fell 9 in September, after declining 7 in August. 

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.

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