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- Category: Energy
Natural gas futures fell after a smaller draw than expected of just -152 Bcf in gas storage last week. Large movements on the spreads as winter approaches. The focus is on the coronavirus effect on reopening, LNG and Mexican exports and the winter outlook for the US.
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- Category: Energy
EIA reported a draw in crude and products as we head into year end. Crude oil drew 562kbbl with draws of 26kbbl at Cushing. Products had draws with gasoline -1125kbbl and distillate -2325kbbl. US production unchanged at 11000 kbpd, still off record high of 13.10 mbpd. Oil Futures reached the highest prices since March 2020.
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- Written by TradersCom
- Category: Energy
Natural gas futures rose after into smaller draw than expected of -122Bcf in gas storage last week. Large movements on the spreads as winter approaches. The focus is on the coronavirus effect on reopening, LNG and Mexican exports and the winter outlook for the US.
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- Written by TradersCom
- Category: Energy
EIA reported a draw in crude and lower builds in products . Crude oil drew 3135kbbl with a build of 198kbbl at Cushing. Products had builds again with gasoline +1020kbbl and distillate +167kbbl. US production fell -100k to 11000 kbpd, still off record high of 13.10 mbpd. Oil Futures had reached the highest prices since March 2020.
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- Written by ThePitBoss
- Category: Energy
China's LNG imports could hit a record high in Dec as industrial demand returns Reuters reported sources saying. Domestic gas consumption for early December up 20% year-on-year adding to the LNG demand.
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- Category: Energy
The OPEC Monthly Oil Market Report (MOMR) for December 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.
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- Category: Energy
Natural gas futures rose after into larger draw than expected of -91 Bcf in gas storage last week. Large movements on the spreads as winter approaches and noise on Biden banning Fracking. The focus is on the coronavirus effect on reopening, LNG and Mexican exports and the winter outlook for the US.
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- Category: Energy
EIA reported huge builds in both crude and products . Crude oil added a huge +15,189kbbl and -1,364bbl at Cushing. Products had large builds again with gasoline +4221kbbl and distillate +5222kbbl. US production was unchanged at 11100 kbpd as storm production returned, still off record high of 13.10 mbpd. Oil Futures had reached the highest prices since March 2020.
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- Written by TradersCom
- Category: Energy
Natural gas futures fell into a much smaller draw than expected of just -1 Bcf in gas storage last week and another storm worry overhung. Large movements on the spreads as winter approaches and noise on Biden banning Fracking. The focus is on the coronavirus effect on reopening, LNG and Mexican exports and the winter outlook for the US.
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- Written by TradersCom
- Category: Energy
While oil traders wait on OPEC indecision EIA reported a draw in crude oil of -679kbbl and -317bbl at Cushing. Products had large builds with gasoline +3491kbbl and distillate +3228kbbl. US production rose 100bpd to 11100 kbpd as storm production returned, still off record high of 13.10 mbpd. Oil Futures have reached the highest prices since March 2020.
