|Day's Range||2.896 - 2.896|
British shale gas company Cuadrilla has started fracking for natural gas in northwest England, seven years after the practice was halted in Britain for causing earth tremors. Environmental groups strongly oppose the practice of hydraulic fracturing, or fracking, which involves extracting gas from rocks by breaking them up with water and chemicals at high pressure.
Petrobras (PBR) appears to be a solid bet on the back of its ambitious five-year plan and encouraging portfolio of investments.
India's Petronet LNG Ltd said on Monday its talks to invest in Qatar's exploration and production sector had "slowed down," as the company had not been able to reach an agreement on pricing with the Middle Eastern nation. "Qatar is still at a very preliminary stage. Petronet LNG, India's biggest liquefied natural gas (LNG) importer, wanted to partner with ONGC Videsh Ltd (OVL), the overseas arm of India's biggest explorer Oil and Natural Gas Corp Ltd, to pick up a stake in an upcoming exploration and LNG project in Qatar.
On October 11, US crude oil’s implied volatility was 26.2%, which is ~3% above its 15-day average. The inverse relationship between oil prices and oil’s implied volatility is illustrated in the following graph. Since reaching a 12-year low in February 2016, US crude oil active futures have risen 170.8%. Crude oil’s implied volatility has fallen ~65.2% since February 11, 2016.
Australian F1® driver Daniel Ricciardo has joined forces with Forex & CFD Broker EightCap. Daniel has joined one of Australia’s fastest growing online trading companies as the official brand ambassador. “Striving to be the best in any pursuit takes serious commitment, and I respect what the EightCap team is aiming to achieve.
* Tohoku Electric Power Co said it had signed the first contract by a Japanese buyer to procure up to 280,000 tonnes per year of liquefied natural gas (LNG) from Mozambique LNG project for 15 years from the start of production in the early 2020s. * The contract was signed with a company set up by Mozambique LNG project participants such as Anadarko Petroleum, the company said.
Oil prices may have closed the week lower on bearish news, but the continuation of the Iran saga continues to create uncertainty in the markets
The Permian is literally burning $1 million every day, and it could lead to an opportunity for miners looking to turn natural gas into bitcoin
Over just the last six years, global oil demand per day has jumped by 10.14% according to the International Energy Agency (IEA). The bad news is that global oil production continues to fall behind demand. This glut manifested thanks to members of the Organization of Petroleum Exporting Countries (OPEC) who sought to limit the production gains of the US shale and fracking operations by driving down crude prices to make field investment unprofitable.
The stock markets got an absolute bashing during this previous week, as the S&P 500 shows clearly on the weekly chart. We broke down through an uptrend line, and it looks as if the selling isn’t quite over with.
Since more than 76% of the total production comprises oil, Oasis Petroleum (OAS) has been capitalizing on the significant recovery in oil prices.
Crude futures steadied late in the session on Friday, following the stock market slightly higher after earlier swinging lower on a weakening oil demand outlook. Stock markets worldwide bounced back on Friday after a multi-day sell-off but remained on track for their biggest weekly losses in months, while U.S. Treasury yields inched higher and the dollar held its gains. The International Energy Agency, the West's energy watchdog said in its monthly report that the market looked "adequately supplied for now" and trimmed its forecasts for world oil demand growth this year and next.
Oil markets appear to have taken a bearish turn as stock market volatility and reports of a significant inventory build from the EIA combined to drag prices down
China saw its crude oil imports jump to a total of 37.12 million tons in September, the highest number since May, as refiners prepare for winter season
On October 11, natural gas’s implied volatility was 38%, which was ~23.4% above its 15-day moving average and the highest level since January 31. In the trailing week, natural gas’s implied volatility rose 11.1%. Natural gas November futures rose 1.8% during the same period. Since June, these two metrics have been moving in tandem.
Expensive energy is back and it is threatening global economic growth, the International Energy Agency (IEA) said in its Oil Market Report on Friday
(Bloomberg Opinion) -- Crude oil prices, both Brent and West Texas Intermediate, are at four-year highs. Traders are talking about a return to $100 per barrel, and even higher. But if you’re a long-term investor, look for oil demand to peak and more subdued prices in the years ahead -- not the supply shortages and soaring petroleum costs as some observers fear. Royal Dutch Shell Plc and Norway’s Statoil ASA expect the peak in demand as soon as the mid-2020s, while BP Plc sees it happening between 2035 and 2040 and the International Energy Agency is forecasting 2040.
'Expensive Energy Is Back:' Why the World Should Prepare for Higher Prices Even Though There's Plenty of Oil
I like the price action in gold. I like the fact that it’s formed a support base, but I do think gold is going to have a hard time sustaining a rally because it can’t compete with Treasury yields at multi-year highs. Gold doesn’t pay a dividend or interest to hold it. Therefore, gains are likely to be limited.
The winter heating season officially began this month, with U.S. supplies of natural gas nearly 18% below the five-year average.
The world’s top oil trading houses all agree that Iran sanctions will impact crude inventories, but remain divided on where oil prices will head going into 2019