Commodity Pricing

Source: Reuters

Oil prices broadly stable as stimulus hopes balance corona fears

Reuters


LONDON – Oil prices were broadly stable on Friday in early U.S. trading, as expectations of stimulus programmes balanced concerns about the recovery in fuel demand as coronavirus cases surged, while major crude producers prepared to lift output.

Brent …

Source: Reuters

Coronavirus surge, renewed lockdowns fan fresh worries about global fuel demand

Reuters


LONDON/NEW YORK – Surges in coronavirus infections are slowing a recovery in fuel use from the doldrums of lockdowns in the United States and other countries, raising concern it could be years before consumption rebounds from the impact of …

360 Digital Closing Bell 7-16-2020

360 Digital Closing Bell 7-16-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 8 min summary of the energy markets.  

 

Michael covers the highlights, more Bankruptcies and the banks.

 

International News Desk: off

Source: Reuters

Exclusive: OPEC fears second virus wave to prolong oil inventory overhang

Reuters


LONDON – OPEC fears its record oil cuts will fail to rebalance the market and solve the worst glut in history if a second wave of the COVID-19 pandemic undermines an economic recovery later this year, according to internal …

360 Digital Closing Bell 7-15-2020

360 Digital Closing Bell 7-15-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 8 min summary of the energy markets.  

 

Michael covers the highlights and covers the Dakota Pipeline - Tech Stocks flat, 

 
Source: CNBC

OPEC faces ‘worst of both worlds’ with oil prices in limbo ahead of committee meeting

CNBC


OPEC is facing “the worst of both worlds” with the current oil market demand outlook, S&P Global Platts’ head of EMEA news said Wednesday ahead of the group’s Joint Ministerial Monitoring Committee (JMMC), where it will announce recommendations for …

360 Digital Closing Bell 7-14-2020

360 Digital Closing Bell 7-14-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 8 min summary of the energy markets.  

 

Michael covers the highlights and covers the PPE used in the oil and gas

Source: Reuters

OPEC sees oil demand soaring in 2021 but still below 2019

Reuters


LONDON – Global oil demand will soar by a record 7 million barrels per day (bpd) in 2021 as the global economy recovers from the coronavirus crisis but will remain below 2019 levels, OPEC said in its monthly report.…

OPEC launches its 2020 Annual Statistical Bulletin

OPEC launches its 2020 Annual Statistical Bulletin

360 Feedwire


The OPEC Secretariat today launched the 55th edition of one of its flagship publications, the Annual Statistical Bulletin (ASB), via videoconference and livestream on the OPEC website (www.opec.org).

The launch was attended by Mohammad Sanusi Barkindo, OPEC Secretary …

360 Digital Closing Bell 7-13-2020

360 Digital Closing Bell 7-13-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 8 min summary of the energy markets.  

 

Michael covers the highlights and covers Warren Buffet's new investments in energy.

 

International

Source: CNBC

Market heads into worst earnings season in 12 years amid worries virus is slowing recovery

CNBC


The worst earnings season in years is about to begin, and it’s possible the stock market could shrug off the sharp profit decline, as long as companies see some signs of a recovery ahead.

Earnings are expected to fall …

360 Digital Closing Bell 7-10-2020

360 Digital Closing Bell 7-10-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 8 min summary of the energy markets.  

 

Michael covers the highlights and sets up our coverage of the Supreme Court Ruling

Source: Fox Business

Stocks battle higher as coronavirus treatment shows promise

FOX Business


U.S. equity markets rallied Friday after a study found an experimental treatment reduced death in COVID-19 patients.

 

The Dow Jones Industrial Average rose as many as 201 points, or 0.78 percent, while the S&P 500 added 0.38 …

July 10, 2020 - 1:00 pm Capital Markets, Commodity Pricing, Finance
Source: Reuters

Libya lifts exports force majeure but says output recovery to be slow

Reuters


TUNIS/LONDON  – Libya’s National Oil Corporation (NOC) lifted force majeure on all oil exports on Friday as a Vitol tanker loaded at Es Sider after a half-year blockade by eastern forces, but said technical problems caused by the shutdown …

Source: Reuters

Oil steadies on resurgence of virus cases

Reuters


LONDON  – Oil prices steadied on Friday but were still set for weekly declines as inventories rose and record-breaking new coronavirus cases in the United States stoked concern about the pace of economic recovery and fuel demand.

Brent crude …

Source: Reuters

IEA raises 2020 oil demand forecast but warns COVID-19 clouds outlook

Reuters


LONDON – The International Energy Agency (IEA) bumped up its 2020 oil demand forecast on Friday but warned that the spread of COVID-19 posed a risk to the outlook.

The Paris-based IEA raised its forecast to 92.1 million barrels …

360 Digital Closing Bell 7-9-2020

360 Digital Closing Bell 7-9-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 8 min summary of the energy markets.  

 

Michael covers the highlights and a new IPO out of Flordia

 

International News

360 Digital Closing Bell 7-8-2020

360 Digital Closing Bell 7-8-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 8 min summary of the energy markets.  

 

Michael covers the highlights ,just because we are not shutting down the pipeline, we

-360 Digital Closing Bell 7-7-2020

-360 Digital Closing Bell 7-7-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 8 min summary of the energy markets.  

 

Michael covers the highlights , gas up, and the majors are going to be

Source: Reuters

Iran’s oil storage almost full as sanctions and pandemic weigh

Reuters


LONDON – Iran has slashed crude oil production to its lowest level in four decades as storage tanks and vessels are almost completely full due to a fall in exports and refinery run cuts caused by the coronavirus pandemic, …

Source: Reuters

Oil producers will fight for market share as consumption growth slows: Kemp

Reuters


LONDON  – Petroleum consumption growth has been slowing for decades and the industry shows increasing signs of maturity, which will have profound implications for the business strategies of oil-producing companies and countries.

 

Slower growth will intensify intra-company and …

Oil mixed on tighter supply, surge in U.S. virus cases

Oil mixed on tighter supply, surge in U.S. virus cases

Reuters


LONDON – Oil prices were mixed on Monday, with Brent crude edging higher on tighter supplies and positive economic data, while U.S. benchmark WTI futures dropped on concern that a spike in coronavirus cases could curb fuel demand in …

-360 Digital Closing Bell 7-2-2020

-360 Digital Closing Bell 7-2-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 8 min summary of the energy markets.  

 

Have a safe and Happy 4th of July

Michael covers the highlights and the

Source: CNBC

Oil prices rise on drop in U.S. unemployment, crude stockpiles

CNBC


Oil prices rose on Thursday after data showed a fall in U.S. unemployment and a sharp drop in crude stockpiles, although concerns that a spike in U.S. coronavirus infections could stall a recovery in fuel demand kept gains in …

Source: Reuters

Exxon signals second quarterly loss in a row on production, refining hits

Reuters


HOUSTON – Exxon Mobil Corp’s (XOM.N) oil and gas producing and refining businesses will report operating losses in the second quarter, it said in a regulatory filing on Thursday, setting the stage for the company to post …

Source: Reuters

Traders thought Apple had ‘the holy grail’ of oil data, but the quest continues

Reuters


NEW YORK  – Every day, energy merchants collect and scrutinize whatever information they can find on fuel demand to get a trading edge: from satellite data tracking oil tankers worldwide to thermal images from cameras on pipelines and storage …

Source: Reuters

Oil barrels come off the water as storage boom at sea fades

Reuters


LONDON – Tens of millions of barrels of crude and oil products stored on tankers at sea due to the coronavirus crisis are being sold, in a sign fuel demand is recovering as lockdowns ease, shipping sources say.

Fuel …

Source: CNBC

Oil prices just had their best quarter in 30 years — what’s next?

CNBC


Oil prices registered their best quarterly performance in 30 years during the three months through to the end of June, staging a dramatic comeback after falling to record lows in April.

Brent crude futures skyrocketed more than 80% in …

Source: Reuters

Oil rises on signs of economic recovery, but new infections loom

Reuters


LONDON – Oil prices rose on Wednesday on a string of positive manufacturing data and a drawdown in U.S. crude inventories, both indicating an economic recovery, however, fears of surging coronavirus infections capped the gains.

Brent crude LCOc1 was …

360 Digital Closing Bell 6-30-2020

360 Digital Closing Bell 6-30-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 8 min summary of the energy markets.  

Michael covers the highlights and the Chesapeake bankrupt updates. We have Dan Genovese, Director, Consulting