Commodity Pricing

Source: Reuters

U.S. stocks mixed, bonds yields ease as crude prices slip

Nasdaq


LONDON/NEW YORK  – U.S. stock prices were mixed in early Tuesday trading, as oil prices fell from near three-year highs reached after the world’s main crude producers failed to set production plans.

Wall Street made a slow restart after …

Source: Bloomberg

Oil slips after reaching multi-year highs on OPEC+ dispute

Bloomberg


OPEC+ infighting has deprived the oil market of extra supply and sent crude surging to a six-year high in New York.

It’s too early to tell whether the breakdown of the cartel’s meeting on Monday could escalate into a

Source: CNBC

$100 oil? Analysts share their price forecasts after a strong rally in the first half of 2021

CNBC


Oil prices surged more than 45% in the first six months of 2021, rallying toward $80 a barrel for the first time in more than two and a half years.

Analysts on Wall Street believe there is potential for

Source: CNBC

Credit Suisse CEO says sustainable investing no longer means lower returns

CNBC


The CEO of banking giant Credit Suisse told CNBC that the coronavirus pandemic had “substantially accelerated the trend towards ESG and sustainability” and sought to highlight the investment opportunity within the overall space.

“The demand that we see — …

Source: CNBC

OPEC and allies to decide on crude production policy as oil prices climb, demand recovers

CNBC


LONDON — A group of some of the world’s most powerful oil producers will meet on Thursday to decide the next phase of their production policy.

OPEC and non-OPEC partners, an energy alliance often referred to as OPEC+, convene …

Source: Reuters

Oil surges as traders await OPEC+ decision on easing production cuts

Market Watch


Oil futures jumped Thursday, with the U.S. benchmark topping $75 a barrel for the first time since October 2018, as traders await a decision by the Organization of the Petroleum Exporting Countries and its allies on further easing …

Source: Reuters

Goldman says more OPEC+ supply needed to balance oil market

Reuters


Goldman Sachs Commodities Research said more oil production is needed from the Organization of the Petroleum Exporting Countries and allies (OPEC+) to balance the market by 2022 as supply risk looms elsewhere.

The U.S. bank forecast oil demand to …

Source: Reuters

Oil rises on lower U.S. stockpiles, demand recovery

Reuters


NEW YORK – Oil prices rose on Wednesday, heading for monthly and quarterly gains, after data showed U.S. crude stockpiles were shrinking and an OPEC report foresaw an undersupplied market this year.

The Brent crude contract for August, due …

Source: Reuters

Analysis: Fast and furious first half of 2021 keeps financial markets at full throttle

Reuters


LONDON – After the unprecedented pandemic-driven swings in global financial markets last year 2021 was never going to be dull, and so it has proved.

Vaccine programmes and some of the biggest fiscal and central bank stimulus ever seen …

Source: Reuters

Column: Rising oil price will draw response from consumers

Todayonline


LONDON – Oil prices have risen above the long-term average, once adjusted for inflation, and are likely to encounter increasing resistance from consumers if they continue to climb.

Front-month Brent futures are trading around $75 per barrel compared with …

Source: Reuters

Oil firms as demand hopes outweigh rise of COVID-19 variant

Reuters


LONDON – Oil prices rose on Tuesday as broad hopes for a demand recovery persisted despite new outbreaks of the highly contagious Delta variant of the coronavirus prompting fresh mobility curbs worldwide.

Brent crude futures were up 50 cents, …

Source: Reuters

Column: Commodity outperformance switching to energy from metals

Reuters


LAUNCESTON – The rally in commodity prices is likely to see a shift from metals to energy resources, such as crude oil, liquefied natural gas (LNG) and coal, according to the latest forecasts from the Australian government.

While the …

Source: Reuters

Russia struggles to raise oil output despite price rally – sources

Reuters


MOSCOW – Russian oil production has declined so far in June from average levels in May despite a price rally in oil market and OPEC+ output cuts easing, two sources familiar with the data told Reuters on Monday.

Russia’s …

Source: Reuters

Column: Oil prices soar even as consumption remains below trend

Reuters


LONDON – Global oil consumption is set to return to pre-pandemic levels by the first quarter of 2022, driven by a strong expansion in global manufacturing and freight transport as well as the gradual re-opening of major economies.

Booming …

Source: Reuters

Oil on track for fifth weekly gain on strong demand

Reuters


LONDON -Oil prices rose on Friday, and were on track for a fifth consecutive weekly gain on expectations demand growth will outstrip supply and OPEC+ producers will be cautious in returning more supply to the market from August.

Brent …

Source: BOE Report

Oil dips but hovers near three-year highs on recovery signs

BOE Report


Oil prices dipped on Thursday but still held close to their highest in almost three years, supported by drawdowns in U.S. inventories and accelerating German economic activity.

Doubts about the future of the 2015 Iran nuclear deal that

Source: Reuters

Uptick in prices lifts the mood in U.S. oil patch

Financial Post


U.S. energy company executives polled by the Federal Reserve Bank of Dallas have an optimistic outlook driven by upticks in activity and a jump in oil prices, according to a survey released on Wednesday.

Oil and gas producers …

Source: Reuters

Oil may hit $100 but volatility will also grow, say energy CEOs

Reuters


LONDON – Benchmark oil prices could hit $100 a barrel and price volatility could also grow due to lower investments and the energy transition, the heads of top energy companies said on Tuesday.

“There is quite a chance to …

Source: Reuters

Column: Oil bulls bet on restraint by OPEC+ and U.S. shale firms

Nasdaq


LONDON – Hedge funds have rarely been more bullish about the outlook for oil in the last three years, even as prices have climbed to levels that have induced a strong response from producers in the past.

Hedge funds …

Source: Reuters

Brent rises above $75 a barrel on strong demand outlook

Reuters


TOKYO – Crude oil prices steadied on Tuesday after Brent rose above $75 a barrel for the first time since April 2019, with prices underpinned by a strong demand outlook and as OPEC+ begins discussions on raising oil production.…

Source: Reuters

Traders beef up U.S. renewable fuel teams as demand soars

Reuters


Commodity merchants and investment firms such as Citadel, Gunvor and Trafigura are bolstering U.S. teams that specialize in trading renewable fuels as demand soars, according to people familiar with the matter.

Many trading firms already have an established presence …

Source: Reuters

As demand accelerates, BofA expects oil to reach $100/bbl next year

Reuters


BofA Global Research raised its Brent crude price forecasts for this year and next, saying that tighter oil supply and demand balances in 2022 could push oil briefly to $100 per barrel.

“We believe that the robust global oil …

Source: Reuters

Exclusive: OPEC told to expect limited U.S. oil output growth, for now – sources

Reuters


LONDON – OPEC officials heard from industry experts that U.S. oil output growth will likely remain limited in 2021 despite rising prices, OPEC sources said, giving it more power to manage the market in the short term before a …

Source: Reuters

Goldman sees Fed-driven dip in commodities as a ‘buying opportunity’

Reuters


Goldman Sachs said on Friday the recent slip in commodities prices driven by the U.S. Federal Reserve’s decision to bring forward projections for interest rate hikes into 2023 was a buying opportunity for investors.

“The bullish commodity thesis is …

Source: Reuters

Crude oil prices steady near multi-year highs

Reuters


LONDON -Crude oil prices hovered near multi-year highs on Thursday, buoyed by falling U.S. crude inventories which limited the impact of a stronger U.S. dollar.

Brent crude oil futures dropped 12 cents, or 0.1%, to $74.27 a barrel by …

Source: Reuters

Crude prices in Asia jump on robust demand, tight supply

Reuters


SINGAPORE (Reuters) – Asian refiners are paying the highest premiums for Middle East and Russian crude oil in about a year, due to firm demand and more costly imports from the West, industry sources said.

High prices could prompt …

Source: Reuters

Oil hits new high near $75 on demand rise, falling inventories

Reuters


LONDON -Oil gained for a fifth day on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a drop in U.S. crude inventories.

The American Petroleum …

Source: Reuters

Brace for huge oil volatility, U.S. trading group says

Reuters


LONDON – Oil prices are likely to be extremely volatile in the next few years, driven by supply constraints rather than demand as financing for new production evaporates in favour of renewables, U.S.-based Castleton Commodities International said.

“You could …

Source: Reuters

Oil rises as threat recedes of Iran supply resuming soon

Nasdaq


TOKYO – Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States rejoining a …

Source: Reuters

U.S. power & natgas prices spike in Texas and California heatwaves

Reuters


Power and natural gas prices in Texas and California spiked to multi-month highs this week as homes and businesses cranked up their air conditioners to escape brutal heatwaves.

In Texas, the Electric Reliability Council of Texas (ERCOT), which operates …