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Poland's dominant gas firm PGNiG said on Wednesday that it had finalised a 20-year deal for deliveries of liquefied natural gas (LNG) from the United States to Poland's terminal in the Baltic Sea. PGNiG said that annual supplies of 2 million tonnes of LNG, which will be delivered free-on-board, will start no sooner than 2023 when the Port Arthur production facility in Texas will be completed. The contract is the result of an agreement PGNiG signed with U.S. Port Arthur in June.
The direction of the market early in the session will likely be dictated by the U.S. Energy Information Administration report on crude oil inventories due to be released at 1330 GMT. It is expected to show a draw of 2.7 million barrels.
The pair will continue to trade volatile ahead of the outcome of the Fed meeting regarding the rate hike decision. The British Pound rallied a bit during yesterday’s session slamming the 1.27 level, which is a psychologically and structurally important handle.
PTOLEMAIDA, Greece (AP) — If earthquakes struck in slow motion, the results might be visible in a place like the Greek village of Anargyri, a hardscrabble enclave in a black landscape gutted by coal mining.
Stock market woes raise a nagging fear: Is a recession near? BALTIMORE (AP) -- Fears of a recession have been mounting with the U.S. stock market appearing to be headed for its worst December since 1931 — during the Great Depression. Wall Street's sustained slump has been fueled by investor concerns about lower corporate profits, higher corporate debt, a festering trade war between the United States and China and a broader global slowdown.
Despite the U.S. sanctions, Iran continues to explore and discover new oil and gas reserves and now ranks “first in terms of oil and gas reserves in the world,” according to a high ranking Iranian oil executive
Natural gas prices rebounded more than 7% on Tuesday erasing Monday’s losses. Cooler weather is finally making its way from west to east according to the latest forecast from the National Oceanic Atmospheric Administration. Prices have sold off 29% in the past 4-weeks, as warmer than normal weather made its way through the US. Inventories still remain below the 5-year average range but the deficit is beginning to decline. Natural gas prices rebound from trend line support which connects the lows in September to the lows in October and comes in near 3.5. Resistance is seen near former support at 3.66 and then again at the 10-day moving average at 4.17.
Drillers are expected to green-light some 50 new large oil and gas projects next year, with global LNG, Guyana and Brazil leading the way
Crude oil markets gapped lower to kick off the trading session on Tuesday, as we continue to see even more selling. At this point, the sellers have overwhelm the buyers yet again.
The stock markets around the world will be paying close attention to the Federal Reserve, and the statement after the anticipated rate hike on Wednesday. Simply put, this will dictate where the market goes in the short term, but longer-term I think we see where we are going already.
Silver markets went back and forth during the trading session on Tuesday, as we continue to bounce above the 50 day EMA. Keep in mind that the Federal Reserve meeting is Wednesday, so it makes sense that we simply wait for direction.
Natural gas markets rallied a bit during the trading session on Tuesday, but quite frankly this was to be expected after we collapsed. I don’t look at this is an opportunity to start going long, quite the opposite.
The British pound went back and forth during the day on Tuesday, as we continue to have a severe lack of understanding as to where to go next. Quite frankly, rally should be looked at as an opportunity.
Today is the tenth day down from the 7169.00 main top. This puts the index in the window of time for a closing price reversal bottom. Based on this potential chart pattern, the direction of the March E-mini NASDAQ-100 Index is likely to be determined by trader reaction to yesterday’s low at 6423.25.
(Bloomberg Opinion) -- After a November to remember, America’s natural gas producers are settling back into more-familiar feelings of wistfulness at what might have been. Benchmark gas prices are down 21 percent so far this month as winter has taken less of a bite out of our collective hide than anticipated (so far anyway).
Prices could stabilize because traders are starting to watch frigid air over Canada that may either stall at the U.S. border or push across aggressively during early January. We’re likely to see the first major reaction in the markets once this system hits the 15-day forecast. If it comes in as cold then prices are likely to rebound sharply if it catches a few of the weaker shorts off-guard.
AUD starts this week on the back foot. From the technical point of view, the drop is supported by the Head and Shoulders formation and by the breakout of the lower line of the symmetric triangle pattern. Some may see an additional Head and Shoulders pattern, which only adds to the bearish sentiment here.
Based on the recent price action, the direction of the AUD/USD on Tuesday is likely to be determined by trader reaction to the Fibonacci level at .7163.
Tensions are reaching a boiling point in the Middle East, and Western nations are beginning to speak out about Iran’s renewed missile development push
Ghana has launched its first open bid for oil and gas leases, a move aimed at attracting international energy investors to the country’s upstream market
Gold climbs on Monday, with declines in a leading dollar index, Treasury yields and the U.S. stock market, as well as comments from a well-known fund manager, prompting prices to settle at their highest in just over a week.