Commodity Pricing

Source: CNBC

The sell-off in oil isn’t ‘entirely comparable’ to what happened with SARS, says CEO

CNBC


There’s a “bear stampede” in the oil market as a new coronavirus spreads, but that may not be directly comparable to the sell-off in 2003 associated with the outbreak of severe acute respiratory syndrome (SARS), according to an energy

January 28, 2020 - 1:00 pm
Source: CNBC

Oil prices likely to ‘stay down’ for months: Energy analysts fear impact of fast-spreading coronavirus

CNBC


Oil prices slumped to multi-month lows on Monday, with energy market participants increasingly concerned about demand growth as the coronavirus spreads globally.

International benchmark Brent crude traded at $58.99 a barrel Monday afternoon, down nearly 2.8%, while U.S. West …

January 27, 2020 - 3:00 pm
Source: Houston Chronicle

Oil traders made billions in 2019 as conflict shook the market

Houston Chronicle


The world’s largest energy traders enjoyed one of their best ever years in 2019 as pipeline outages, dramatic changes in ship fuel regulations and Middle East conflicts shook up the global oil market.

The bonanza extended beyond the …

January 27, 2020 - 12:00 pm
Source: Reuters

OPEC president sees little impact from coronavirus on oil market: APS

Reuters


ALGIERS – OPEC president Mohamed Arkab said on Monday he expects an outbreak of coronavirus in China to have little impact on the global oil market for now, but added that producers were ready to react to any new …

January 27, 2020 - 11:30 am
Source Houston Chronicle

Oil falls to three-month low as virus spread raises demand fear

Houston Chronicle


(Bloomberg) — Oil tumbled to the lowest in more than three months on fears China’s deadly coronavirus will hit demand in a market that already has plentiful supply.

Futures plunged more than 3% as China reported an increase …

January 27, 2020 - 10:30 am
EIA forecasts U.S. crude oil production growth to slow in 2021

EIA forecasts U.S. crude oil production growth to slow in 2021

EIA


EIA’s U.S. crude oil production forecast is based on the West Texas Intermediate (WTI) price forecast in the January 2020 STEO, which rises from an average of $57 per barrel (b) in 2019 to an average of $59/b in

January 23, 2020 - 8:45 pm
Source: CNBC

We may not see $100 oil ‘for a long time,’ says Chevron CEO

CNBC


Chevron CEO Michael Wirth told CNBC on Thursday that oil prices may not reach $100 for a “long time” thanks to the boom in U.S. shale production.

“Oil markets have really changed over the last decade or so,” Wirth …

January 23, 2020 - 1:30 pm
Source: Reuters

Oil falls 3% as specter of China virus threatens fuel demand

Reuters


NEW YORK – UPDATED– Oil prices fell 3% on Thursday on concern that the spread of a virus from China could lower fuel demand if it stunts economic growth, but losses were limited by a drawdown in U.S. …

January 23, 2020 - 12:00 pm

Cushing Asset Management and Swank Capital Announce a Constituent Change to The Cushing 30 MLP Index

Cushing AE; Asset Management and Swank Capital Announce a Constituent Change to The Cushing; 30 MLP Index

January 23, 2020 - 9:02 am
Source: Reuters

Oil slides 2% as surplus forecast overshadows Libya disruption

Reuters


NEW YORK (Reuters) – Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries outweighed concern over disruptions to Libya’s crude output.

Brent crude LCOc1 was down …

January 22, 2020 - 3:00 pm
Source: Reuters

Oil market shrugs off Libya crisis

Reuters


LONDON (Reuters) – Oil prices fell more on Tuesday on expectations that a well-supplied market would be able to absorb disruptions that have cut Libya’s crude production to a trickle.

Brent crude LCOc1 was down 37 cents at $64.83 …

January 21, 2020 - 11:00 am
Source: Houston Chronicle

Gasoline prices are falling again

Houston Chronicle


Prices at the pump are falling once again now that crude oil prices have stabilized below $60 per barrel in the United States.

The average cost of a gallon of regular unleaded in the Houston area dipped by …

January 20, 2020 - 3:00 pm
Source: Reuters

Column: Hedge funds sell oil as doubts about economy resurface

Reuters


LONDON – Hedge funds turned heavy sellers of petroleum last week as the threat of conflict in the Middle East receded and was replaced by renewed concerns about the health of the global economy.

Hedge funds and other money …

January 20, 2020 - 2:00 pm
Source: Reuters

Oil rises as Libya declares force majeure in oilfields

Reuters


LONDON – Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing crude flows from the OPEC member to a …

January 20, 2020 - 10:00 am
Source: Reuters

Oil steadies as Chinese economy offsets trade optimism

Reuters


NEW YORK – Oil prices steadied on Friday as sluggish economic growth in China, the world’s biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-U.S. trade deal.

Brent crude LCOc1 futures …

January 17, 2020 - 3:00 pm
Source: Houston Chronicle

Oil has nearly made back week’s losses

Houston Chronicle


Oil erased most of its loss for the week, as the price gain after the signing of the U.S.-China trade agreement offset signs that supplies remain plentiful.

 

The phase-one deal committed Beijing to $52.4 billion in additional …

January 17, 2020 - 1:00 pm
Source: CNBC

Citi explains why there’s an ‘ultimate cap’ on oil prices

CNBC


The cost of producing electricity from solar energy has in the last two years been lower than that of fossil fuels — and that “permanent change” will limit how high oil prices can climb, according to Citi.

That shift is …

January 16, 2020 - 12:00 pm
Source: Reuters

Oil back in positive territory ahead of U.S.-China trade deal

Reuters


LONDON – Global oil benchmark Brent crude rose to more than $64.50, recovering from four days of declines on easing Middle East tensions, as the United States and China prepared to sign a preliminary trade deal.

Brent crude LCOc1 …

January 14, 2020 - 11:00 am
Source: CNBC

Energy markets are in transition, and investors are retreating. Here’s why

CNBC


While the stock market has boomed, energy stocks have not. Indeed, they have been the worst-performing sector over the last decade. Moreover, energy has dropped from 15% in 1990 to only 5% of the S&P 500 sector weightings in …

January 13, 2020 - 2:00 pm
Source: Reuters

Oil falls 1% as Mideast tensions ease, U.S. gasoline stocks weigh

Reuters


HOUSTON – Oil prices fell about 1% on Monday as Middle East tensions eased and investors turned their focus to lackluster seasonal demand following a bearish U.S. report last week showing a large gasoline stockbuild.

Brent crude LCOc1 was …

January 13, 2020 - 1:00 pm
Source: Reuters

Oil slips as focus shifts from Iran tensions to U.S. crude stocks

Reuters


LONDON – Oil prices retreated further on Thursday after sharp losses in the previous session, as the market shifted its focused towards rising U.S. crude stocks and away from fears of an imminent escalation of conflict between the United …

January 9, 2020 - 1:00 pm
Source: CNBC

Biggest ‘black swan’ event for oil markets is disruption in the Strait of Hormuz, expert says

CNBC


The biggest black swan event in the oil market is a disruption to the most critical chokepoint in the Middle East, according to an analyst from S&P Global Platts.

“The market is extremely exposed to any disruption to vessel …

January 9, 2020 - 12:00 pm
Source: Reuters

Oil falls 1% as investors reassess Mideast risks

Reuters


NEW YORK – Oil prices fell about 1% on Tuesday, surrendering some of the gains of recent days as investors reconsidered the likelihood of immediate supply disruptions in the Middle East after the United States killed a top Iranian …

January 7, 2020 - 12:00 pm

Moody’s sees growing risk to Mideast economy in wake of turmoil

Moody’s sees growing risk to Mideast economy in wake of turmoil

January 6, 2020 - 2:27 pm
Source CNBC

Oil prices ‘could make a run at $80’ if US-Iran conflict intensifies, analysts say

CNBC


Oil prices could surge toward $80 a barrel if escalating geopolitical tensions disrupt Middle East crude supplies, analysts told CNBC on Friday, with energy market participants “on tenterhooks” after a U.S. airstrike killed key Iranian and Iraqi military personnel.…

January 3, 2020 - 12:00 pm
Best Penny Stocks To Watch Right Now? 1 Up 250% Already This Year

Best Penny Stocks To Watch Right Now? 1 Up 250% Already This Year

Best Penny Stocks To Watch Right Now? 1 Up 250% Already This Year

January 3, 2020 - 10:18 am
Source: Houston Chronicle

Oil above $61 amid Middle East tensions, shrinking stockpiles

Houston Chronicle


Oil settled above $61 a barrel after posting its biggest annual gain in three years amid elevated tensions in the Middle East and signs that U.S. crude stockpiles fell further.

Futures in New York rose Thursday but are …

January 3, 2020 - 10:00 am
Source: Houston Chronicle

Oil soars as U.S. killing of Iran general stirs fear of conflict

Houston Chronicle


Oil jumped toward $70 a barrel in London after a U.S. airstrike ordered by President Donald Trump killed a top Iranian general in Iraq, intensifying fears of conflict in the world’s most important crude-producing region.

 

Brent futures …

January 3, 2020 - 8:00 am
Source: CNBC

‘Big uncertainty’ over US oil output in 2020 will be critically important to oil prices, analysts say

CNBC


The question of how much crude U.S. producers may be able to add this year could be pivotal for oil prices in 2020, analysts told CNBC, while warning of the potential for “vicious corrections” in the coming months.

Speaking …

January 2, 2020 - 3:30 pm
Source: Reuters

Oil analysts bet on modest price gains in 2020 as supply shrinks

Reuters


Oil prices are likely to hover around $63 a barrel next year, a Reuters poll showed on Tuesday, benefiting from deeper production cuts by OPEC and its allies, and hopes that a U.S.-China trade deal could jumpstart economic growth.…

December 31, 2019 - 1:00 pm