|Day's Range||3.00 - 3.00|
The Norwegian sovereign wealth fund's proposal to ditch its oil and gas shares, though hugely symbolic in the battle against climate change, is unlikely to cause a rush to the exit by major investors in the sector in the short term. The move by the $1 trillion fund, the world's largest, rattled stock markets, exposing what is seen as one of the biggest threats to companies such as Royal Dutch Shell, Exxon Mobil and BP as the world shifts towards renewable energy such as wind and solar. The European oil and gas index fell on Friday to its lowest since late September, extending declines following the Norwegian fund's announcement.
Natural gas prices moved higher on Friday, climbing 2%, and poised to test short-term resistance which is seen near 3.14. Additional resistance is seen near the November highs at 3.23. Support is seen near a gap that was created in November at 3.0. Prices are chopping around sideways and have remained in a relatively tight … Continue reading Natural Gas Price Analysis for November 20, 2017
Investing.com – Gold prices rose sharply on Friday amid an uptick in geopolitical uncertainty after North Korea ruled out negotiations with Washington on curbing its nuclear weapons programme.
Categories: Fundamental Analysis Yahoo FinanceClick here to see latest analysis Capitalcube gives Oil Search Ltd. a score of 75. Our analysis is based on comparing Oil Search Ltd. with the following peers – Anadarko Petroleum Corporation, Range Resources Corporation, Noble Energy, Inc. and Chesapeake Energy Corporation (APC-US, RRC-US, NBL-US and CHK-US). Investment Outlook Oil Search Ltd. has a fundamental ... Read more (Read more...)
Investing.com - Crude oil prices bounced higher on Friday, as investors digested news earlier in the week of another increase in U.S. stockpiles amid growing hopes that global oil producers will agree to prolong their output cut measures.
Baker Hughes will publish its US crude oil and natural gas rig count report on November 17, 2017. The rigs were flat at 169 on November 3–10, 2017.
December natural gas (GASL) (BOIL) futures were below their 50-day and 100-day moving averages of $3.12 per MMBtu and $3.16 per MMBtu on November 16, 2017.
US natural gas production rose by 0.3 Bcf (billion cubic feet) per day to 75.9 Bcf per day on November 9–15, 2017. Production rose 0.4% week-over-week.
December US natural gas (UNG) (UGAZ) futures contracts trading in NYMEX rose 0.97% and settled at $3.05 per MMBtu on November 16, 2017.
During the week ended November 10, 2017, PRB coal closed at $12.10 per short ton, which was ~3% higher than $11.75 per short ton that coal maintained for the past five weeks.
While wind was gusting and solar shone over the last three decades, wave and tidal power made only a small splash. Now they could be the new wave in renewables, as ocean energy projects are being floated globally. If ocean energy systems were deployed worldwide, they could generate enough power to meet global electricity needs,…
This week, diplomats are gathered in Bonn, Germany to hammer out the latest details of the 2015 Paris Climate Agreement. While the minutiae of the negotiations are important, the real action isn’t at the UN. The climate pact is bottom up, which means it’s up to each country to meet the goals set forth in…
Natural gas futures finished lower on Thursday as investors posted a mixed reaction to the weekly government storage report. January Natural Gas futures settled at $3.153, down 0.026 or -0.82%. According to the U.S. Energy Information Administration (EIA), natural gas stocks decreased by 18 million cubic feet for the week-ending November 10. Analysts were looking … Continue reading Natural Gas Price Fundamental Daily Forecast – EIA Reports First Storage Withdrawal
Gold futures traded in tight, two-sided range on Thursday after the U.S. House of Representatives passed its version of sweeping tax cuts and rising expectations of an interest rate hike by the U.S. Federal Reserve in December. December Comex Gold futures settled at $1278.20, up $0.50 or +0.04%. Traders said that gold continues to be … Continue reading Price of Gold Fundamental Daily Forecast – Underpinned by Reports of Trump Campaign Subpoenas
MELBOURNE/SINGAPORE (Reuters) - Takeover interest in Australia's Santos (STO.AX), a company that not long ago was drowning in debt, shines a spotlight on a burgeoning hotspot for oil and gas producers: Papua New Guinea. The South Pacific nation, one of the world's least explored countries but known for corruption and violence, has become a key source of growth for two of the world's biggest energy companies - ExxonMobil Corp (XOM.N) and Total SA (TOTF.PA) - looking to expand their liquefied natural gas (LNG) businesses. With oil (LCOc1) and gas (LNG-AS) prices recovering this year and LNG demand especially in China skyrocketing, investors are scouring the globe for juicy investments, and Papua New Guinea has landed on their radar.
The gold prices continue to range and chop around with no specific direction and this has been the case since the beginning of the week. We had pointed this out earlier in the week and had said that this kind of price action was likely to continue in the short term and this is what … Continue reading Gold Prices Continue to Range
Dow Jones 30 The Dow Jones 30 rallied during the trading session on Thursday, as US stock markets took off. We are approaching the 23,500 level, and that is an area that should be somewhat resistive. It was reported in the past, but we have broken below there. With this type of strong rally, I … Continue reading Dow Jones 30 and NASDAQ 100 Price Forecast November 17, 2017, Technical Analysis
The FTSE 100 rallied slightly during the trading session on Thursday, but continues to struggle at the 7400 level. There is a gap above there that continues to offer bearish pressure, but I think that if we can get above the 7415 handle, the market should continue to go much higher, perhaps reaching towards the … Continue reading FTSE 100 Index Price Forecast November 17, 2017, Technical Analysis