Commodity Pricing

Source: Reuters

Trump to sign order giving agencies emergency powers to fast-track energy projects: sources

Reuters


WASHINGTON – President Donald Trump on Thursday is expected to sign an executive order that would let federal agencies use emergency powers to fast track major energy infrastructure projects by overriding environmental permitting requirements, two sources familiar with the …

Source: CNBC

Oil falls below $40 on doubts early OPEC+ meeting will go ahead this week

CNBC


Oil prices erased gains on Wednesday, with Brent crude futures falling back below $40 a barrel, on doubts an early meeting of some of the world’s most powerful oil producers will go ahead as planned.

OPEC and non-OPEC allies,

360 Digital Closing Bell 6-3-2020

360 Digital Closing Bell 6-3-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 6 min summary of the energy markets.  

 

Green day all around, led by the banks, and defense contractors and oil flat.

Source: Reuters

Trump administration putting trust in global oil producers ahead of OPEC+ meet

Reuters


WASHINGTON – The Trump administration believes ahead of an expected OPEC+ meeting this week that major oil producers such as Saudi Arabia and Russia will honor their pledges to cut crude production and will not damage the global economy …

Source: Reuters

OPEC+ keen to keep U.S. shale in check as oil prices rally

Reuters


LONDON – When OPEC, Russia and their allies agreed in April to slash oil production, little did they expect that their initiative to prop up collapsing prices would be helped by a swift drop in U.S. output.

Now that …

Source: Reuters

Oil falls from $40 on doubts over early OPEC meeting

Reuters


LONDON – Oil fell after touching its highest since March at more than $40 a barrel on Wednesday, pressured by doubts that an early meeting of OPEC and its allies to extend existing output cuts will take place.

Saudi …

360 Digital Closing Bell 6-2-2020

360 Digital Closing Bell 6-2-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 6 min summary of the energy markets.  

 

Markets look green.  EOG is Bullish in Q4! 

 

International News Desk: Demand for

Exclusive 360 Energy Expert Network Video Interview: Crossroads Strategic Advisors – Are you ready for bankruptcy in the oil and gas market?

Exclusive 360 Energy Expert Network Video Interview: Crossroads Strategic Advisors – Are you ready for bankruptcy in the oil and gas market?

OIl & Gas 360

 

Summary: Even before the additional shocks from COVID-19, the Wall Street funding that had supported the shale boom was dwindling and oversupply of oil & gas was pressuring commodity prices and well-level economics. Equity investors

Source: Reuters

Column: Global diesel use likely to be depressed all year – Kemp

Reuters


LONDON  – Consumption of diesel and other middle distillate fuels is likely to be depressed for many months, as stay-at-home orders are lifted but the lingering effects of the epidemic and lockdowns reduce business activity.

Lockdowns are easing in …

Source: Reuters

Natgas flows to U.S. LNG export plants sink to 9-month low due to coronavirus

Reuters


NEW YORK – The amount of natural gas flowing on pipelines to U.S. liquefied natural gas export plants is at its lowest levels since August, a signal of weak worldwide demand due to government lockdowns to repress the coronavirus.…

Source: Reuters

Oil prices rise ahead of OPEC+ meeting on output cuts

Reuters


LONDON  – Oil prices rose on Tuesday to near three-month highs on expectations that major producers would agree to extend output cuts that have shored up prices, during a video conference likely to be held this week.

Benchmark Brent …

360 Digital Closing Bell 6-1-2020

360 Digital Closing Bell 6-1-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 6 min summary of the energy markets.  

 

Nat Gas down, Demand up!  

 

International News Desk: The incoming imports are going

Source: Reuters

Exclusive: China snaps up Russia’s expensive Urals oil in thirst for sour barrels

Reuters


MOSCOW  – China’s refiners have purchased a quarter of Russia’s Urals oil exports planned for June in the Baltic despite record high premiums for the grade due to a lack of sour barrels as result of the OPEC+ output …

360 Digital Closing Bell 5-29-2020

360 Digital Closing Bell 5-29-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 6 min summary of the energy markets.  

 

Dow Flat, Crude up $1 - Nat Gas up, 

 

International News Desk:

Source: Reuters

Oil analysts see prices edging up but still capped below $40/bbl: Reuters poll

Reuters


Oil prices will gradually gain this year with demand improving and supply falling, although tensions between the United States and China are hanging over the coronavirus-hit market, a Reuters poll showed on Friday.

The survey of 43 analysts forecast …

Source: Reuters

OPEC delivers three quarters of record oil cut in May: survey

Reuters


LONDON – OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey found, although Nigeria and Iraq are laggards in making their …

Source: Reuters

Oil falls but remains set for biggest monthly gain in years

Reuters


LONDON – Oil prices were dragged sharply lower on Friday by weak U.S. fuel demand, fears of a second wave of coronavirus cases in South Korea and a worsening in U.S.-China relations, but were still on track for a …

Source: Reuters

Morgan Stanley not given advisory role on Aramco pipeline sale: sources

Reuters


LONDON/DUBAI  – Morgan Stanley (MS.N) has not been given an advisory role on the potential sale of a stake in Saudi Aramco’s pipeline business, a deal worth over $10 billion, two sources told Reuters.

The U.S. investment …

Exclusive 360 Energy Expert Network Video Interview: Netherland, Sewell Discusses Reservoir Implications of Shut-In Wells

Exclusive 360 Energy Expert Network Video Interview: Netherland, Sewell Discusses Reservoir Implications of Shut-In Wells

OIl & Gas 360

 

The teams from Netherland, Sewell & Associates, Inc. (NSAI) and EnerCom/Oil & Gas 360® took the time to cover some critical reserves implications surrounding shut-in wells in this wild, worldwide

360 Digital Closing Bell 5-28-2020

360 Digital Closing Bell 5-28-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 6 min summary of the energy markets.  

 

Oil down - Securities get pounded, Tech stocks up, nice draw at Cushing. Jobs

Source: Reuters

Rise of remote working is ‘biggest threat to oil demand,’ says analyst

CNBC


Working from home has become the norm, and if the trend continues even after the pandemic abates, it could pose a big risk for oil, analysts are warning.

“The biggest threat to oil demand is the rise of remote …

Source: Reuters

Oil services firm Subsea 7 to lay off 3,000 following oil market slump

Reuters


OSLO – Oil services firm Subsea 7 announced on Thursday that it will cut its global workforce by a quarter and reduce its fleet of specialized vessels by up to a third to preserve cash following the slump in …

Source: Reuters

OPEC, Russia bargain over oil cuts ahead of June meeting

Reuters


LONDON/MOSCOW/DUBAI – Saudi Arabia and some other OPEC oil producers are considering extending record high output cuts until the end of 2020 but have yet to win support from Russia, according to OPEC+ and Russian industry sources.

The Organization …

Oil prices steady, awaiting confirmation of surprise U.S. inventory build

Oil prices steady, awaiting confirmation of surprise U.S. inventory build

Reuters


LONDON – Oil futures steadied on Thursday as the market awaited confirmation of industry data that showed a surprise increase in U.S. crude stocks, which offset hopes for a demand recovery as coronavirus lockdowns ease.

After tumbling on Wednesday, …

360 Digital Closing Bell 5-27-2020

360 Digital Closing Bell 5-27-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 6 min summary of the energy markets.  

 

Oil down - Equities Up - Dow Up 

 

International News Desk: -Coronavirus

Source: Reuters

Morgan Stanley sees tighter oil market, raises Brent forecast

Reuters


Morgan Stanley on Tuesday raised its year-end Brent price forecast to $40 per barrel, citing a faster-than-expected balance in global oil demand and supply as countries ease coronavirus restrictions and major producers cut supply.

 

“We expect demand to …

Source: Reuters

OPEC+ must plan exit strategy: Kemp

Reuters


LONDON – Saudi Arabia and its allies in the expanded OPEC+ group of oil-exporting nations have only just started to implement output cuts, so it might seem premature to start talking about the need for an exit strategy.

But …

360 Digital Closing Bell 5-26-2020

360 Digital Closing Bell 5-26-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 6 min summary of the energy markets.  

 

 Interesting day in the markets - demand is up! 

 

International News Desk: -

Source: Reuters

Demand rise, output cuts could mean oil market balance in June

Reuters


LONDON  – Recovering demand as coronavirus lockdowns ease combined with output cuts by top producers could balance global oil markets as soon as June, some analysts and banks predict.

“Bullish sentiment continues to gather momentum as we move closer …

The 360 Digital Closing Bell Look Ahead– 5-25-2020

The 360 Digital Closing Bell Look Ahead– 5-25-2020

VERY SPECIAL Mega Memorial Day 360 Digital Closing Bell episode #19 back for another week ahead in energy!

Show starts with Michael Tanner talking about what ESG might look like post-COVID19 as it relates to the markets (hint: slight history