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- Written by TradersCom
- Category: Oil & Energy
The OPEC Monthly Oil Market Report (MOMR) for December 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.
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- Written by TradersCom
- Category: Oil & Energy
U.S. oil rigs in service fell 10 this week from a near a new cycle high as U.S.oil production remained at all time high of 11.70 million bpd. US Natural gas rigs rose 9. Oil rigs fell 17 in Canada. Bottlenecks remain in the Midland Texas area.
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- Written by TradersCom
- Category: Oil & Energy
The OPEC+ meeting in Vienna came at a critical time with oil prices down over 30% , a trade war in affect and Iran sanctions on. The POTUS has been brazenly telling Saudi Arabia to not cut, the U.S. has record productions and exports. The cut was promised at 1.2 bpd by OPEC and Non-OPEC.
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- Category: Oil & Energy
The EIA reported a draw of - 63 Bcf in natural gas storage last week. Inventories are expected to peak this year at 3.24 Tcf: 14% below the 5-year average, the lowest level in at least a decade. Meanwhile Mexican exports near record high as we watch LNG shipments.
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- Category: Oil & Energy
EIA reported a surprise huge draw in crude oil with builds in gasoline and a build in Cushing inventories last week. Production remained at an all time high with 11.7 mbpd. Crude oil futures volatilty ahead of OPEC meeting and Trump rhetoric pick.
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- Written by TradersCom
- Category: Oil & Energy
U.S. oil rigs in service rose 2 this week back near a new cycle high as U.S.oil production remained at all time high of 11.70 million bpd. US Natural gas rigs fell 5. Oil rigs fell 5 in Canada. Bottlenecks remain in the Midland Texas area.
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- Written by TradersCom
- Category: Oil & Energy
The EIA reported a draw of - 59 Bcf in natural gas storage this week. Inventories are expected to peak this year at 3.24 Tcf: 14% below the 5-year average, the lowest level in at least a decade. Meanwhile Mexican exports near record high as we watch LNG shipments.
- Details
- Written by TradersCom
- Category: Oil & Energy
EIA reported another big build in crude oil with draws in gasoline and a build in Cushing inventories last week. Production remained at an all time high with 11.7 mbpd. Crude oil futures volatilty as long biased funds collapsed and the Trump OPEC rhetoric picked up.
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- Written by Corporal
- Category: Oil & Energy
Royal Dutch Shell PLC has followed ConocoPhillips in exiting the Greater Sunrise natural-gas project. $RDSA has agreed to sell its 26.56% stake in the fields off the northern coast of Australia to the government of East Timor for $300 million.
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- Written by TradersCom
- Category: Oil & Energy
U.S. oil rigs in service fell 3 this week off a new cycle high as U.S.oil production remained at all time high of 11.70 million bpd. US Natural gas rigs were unchanged. Oil and gas rigs rose in Canada. Bottlenecks remain in the Midland Texas area.
