|Day's Range||2.539 - 2.589|
Saudi Arabia’s oil production has remained relatively flat for nearly 13 months, though OPEC wildcard Iran continues to boost output despite production cut agreement
Gazprom’s Power Of Siberia pipeline is expected to be completed by the end of 2018, and the project could have a lasting impact on world energy markets
The U.S. Department of Energy recently announced that the country will become a net exporter of crude oil and natural gas by 2022
SEOUL, Feb 17 (Reuters) - South Korea's imports of liquefied natural gas fell 3.4 percent to 4.1 million tonnes in January from a year ago, according to customs data released this week during the Lunar ...
Investing.com – Gold prices fell Friday but were set to clinch their biggest weekly win in nearly two years despite a rebound in the greenback from three-year lows.
Based on today’s price action, the direction of the index into the close is likely to be determined by trader reaction to the Fib at 2745.00.
Asian spot liquefied natural gas (LNG) prices for April delivery showed a steep discount to March prices but the spread could tighten due to falling U.S. output, low South Korean inventory levels and buyers delaying purchases. Spot prices for April (LNG-AS) delivery in Asia were assessed at $7.90 per million British thermal units (mmBtu) this week. Declining feed-gas supply at Cheniere Energy's Sabine Pass liquefaction plant in Louisiana may squeeze exports and lift Asian prices if production suffers for an extended period of time.
British oil major BP (BP.L), which operates a number of oil and gas fields in Azerbaijan, plans no maintenance shutdowns of platforms there this year and intends to advance with new projects, BP's regional president told Reuters. BP operates the giant Azeri-Chirag-Guneshli (ACG) oilfields in Azerbaijan as well as the Shah Deniz gas fields. Natural gas production from the Shah Deniz offshore fields was 10.2 billion cubic metres (bcm) and condensate output came to 2.4 million tonnes, down from 10.7 bcm of gas and 2.5 million tonnes of condensate in 2016.
As the oil patch has retreated and rebounds, here are 10 ideas to play the recovery from a half-dozen experts who follow the energy sector and contribute to MoneyShow.com.
The S&P 500 was very noisy, as stock markets in America were volatile on Thursday. However, like it’s cousins, the S&P 500 rallied significantly and show signs of life yet again.
Investing.com – WTI crude oil prices settled lower as traders continued to digest supportive comments from Saudi Arabia while expectations for a further build in product inventories weighed on sentiment.
Investing.com – Gold prices were mostly flat on Thursday with trading restricted to a narrow range as traders mulled over recent data pointing to growing inflationary pressure which could strengthen the Federal Reserve’s case for a faster pace of monetary policy tightening.