Authored by Dave Forest via OilPrice.com, One of the most important power tales this yr has been Russia’s Rosneft shopping for India’s Essar Oil – giving the Russian firm a agency grip on one of many world’s largest emerging oil and gas markets. And this previous week, that story received extra complicated. With Rosneft putting […]
For the second straight day, U.S. crude costs are slipping, whereas Brent, the worldwide benchmark is edging larger. Here’s why. SOURCE: Focus on Funds – Read complete story here.
Economists have given us a mannequin of how costs and portions of products are imagined to work together. (Click to enlarge) Figure 1. From Wikipedia: The worth P of a product is decided by a stability between manufacturing at every worth (provide S) and the wishes of these with buying energy at every worth (demand […]
A number of feedback from Steven Kopits of Princeton Energy Advisors LLC on Sept eight, 2017: • Rig counts have been off modestly this week • Total US oil rigs have been down three at 756 • Horizontal oil rigs have been down 1 at 643…• Drilling Info rig counts are plateauing, nonetheless larger than […]
Despite heading for the primary weekly achieve since July, Crude Oil pushed decrease from a robust downward trendline on Hurricane Irma danger. SOURCE: DailyFX – Forex Market News – Read complete story here.
September 9, 2017 by Gary Broad Equity Market Tone: Advance/Decline Line: Slightly Higher Sector Performance: Mixed Market Leading Stocks: Performing In Line Volatility(VIX) 12.5 +eight.2% Euro/Yen Carry Return Index 135.20 -.59% Emerging Markets Currency Volatility(VXY) eight.15 +5.zero% S&P 500 Implied Correlation 34.95 +eight.61% ISE Sentiment Index 96.zero +10.34% Total Put/Call 1.02 -9.73% North American Investment […]
– Crude oil flat worth, spreads, refining margins and product spreads all mean-reverted this week as PADD III refineries got here again on line to the tune of roughly 2m bpd and the remaining outages developed a extra clear return time-frame. Refining margins and product spreads nonetheless stay elevated however we have been struck by […]
Producers are investing closely in LNG tasks to compete with wind and photo voltaic. But is an excessive amount of capability being added? SOURCE: Oil & Gas – Read complete story here.
; “Davidson” submits: US$ dropped zero.5% this morning-new 2 1/2 yr low. I feel algorithms will decide this up and start to strain commodities larger […] SOURCE: ValuePlays – Read complete story here.
Crude oil costs are testing the bounds of a seven-month down development after rising for 5 consecutive days however the transfer larger might show to be short-lived. SOURCE: DailyFX – Forex Market News – Read whole story here.