Oil & Energy

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Crude oil futures joined the risk on rally for stocks and other commodities in 2018. WTI crude oil futures have traded at the highest levels since 2015 into the first storage report for the year.

Crude oil futures close 2017 with record longs in both WTI and Brent and prices near two year highs. Bets are that the OPEC production cuts will be affective should demand rise. Bulls point to a record low year for oil equivalent discovered globally.

China has been working to reduce dirty carbon emissions by reducing dirty coal. However the explosion of Bitcoin mining in China has seen a huge unforseen demand for energy, dominated in coal by the Chinese.

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. Natural gas hub futures have traded meekly between 2.58 and 2.74 ahead of the release.

The TCoil EIA DoE's Weekly Petroleum Status Report highlights the key variables to watch out for. Crude oil markets are watching products and production seasonally with the all important import export trade.

What is next for Saudi Arabia after the Great Purge of 2017. Was it truly a clean up of abusive corruption? What does it mean globally? The Kingdom’s wealthiest are talking to asset managers and banks and Bitcoin has surged. Coincidence?

With U.S. production at record highs U.S. oil rigs held steady this week with WTI crude futures trading higher in a tight range. Natural gas rigs added one more as gas futures continued to slide. Driling activity lags pricing, how long it take drillers to respond to the changing prices?

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. Natural gas hub futures have traded swiftly between 2.58 and 2.74 ahead of the release. 

The TCoil EIA DoE's 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.

Natural gas demand has surged in China with industrial and winter heating consumpton rising. Replacement of coal with natural gas with Chinese clean air reforms are making coal supplies scarce.

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