Commodity Pricing

Daily Energy Market Summary: 360 DCB – 10/12/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/12/2020 – Hosted by Michael Tanner

US markets trade higher to start this week as stimulus talks appear to be getting us to a place where investors are happy. The Dow Jones rose 353 points, or 1.2%. The S&P 500 gained 1.9% and the Nasdaq advanced

Source: Reuters

U.S. energy companies begin restoring oil and gas output after hurricane

Reuters


HOUSTON  – U.S. energy companies were returning workers and restarting operations at storm-swept production facilities along the U.S. Gulf Coast on Sunday, two days after Hurricane Delta barreled through the area.

Chevron Corp, Royal Dutch Shell Plc and BHP …

Source: Reuters

IEA nudges up 2020 gas demand forecast, but still sees record fall

Reuters


OSLO – The International Energy Agency (IEA) has nudged up its global gas demand forecast for this year, but still sees the biggest fall on record due to the impact of the COVID-19 pandemic.

The Paris-based agency said on …

Source: Reuters

Oil prices fall as supply concerns ease

Reuters


LONDON – Oil prices fell on Monday as force majeure at Libya’s largest oilfield was lifted, a Norwegian strike affecting production ended and U.S. producers began restoring output after Hurricane Delta.

Brent crude LCOc1 fell 57 cents, or 1.3%, …

Source: Reuters

OPEC, in major shift, says oil demand to plateau in late 2030s

Reuters


LONDON – World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that reflects the lasting impact of the coronavirus …

Source: Reuters

Hurricane Delta shuts most U.S. offshore oil output in 15 years

Reuters


HOUSTON  – A large and powerful Hurricane Delta dealt the greatest blow to U.S. offshore Gulf of Mexico production in 15 years, halting most of the region’s oil and nearly two-thirds of its natural gas output.

Delta was packing …

Source: Reuters

Oil prices head for 10% weekly jump on North America, Norway outages

Reuters


LONDON – Oil prices fell on Friday, erasing an earlier rise but still leaving both benchmarks on track for their biggest weekly gains since early June on the back of supply cuts caused by a storm in the Gulf …

Daily Energy Market Summary: 360 DCB – 10/9/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/9/2020 – Hosted by Michael Tanner

Markets moved slightly upwards after Larry Kudlow reports a revised package has been agreed upon by President Trump.  Dow Jones traded over .75% higher, while tech heavy Nasdaq outgained all, up over 1.2% as $1,200 stimulus check outlook is bullish

Daily Energy Market Summary: 360 DCB – 10/8/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/8/2020 – Hosted by Michael Tanner

Mixed day for the markets as traders react to statements from both House Speak Nancy Pelosi and President Trump each give conflicting statements, driving markets sideways for a ranged bound day. The Dow Jones closed 122 points higher, or 0.4%.

 Global crack spreads remain low amid slow oil demand recovery and high stocks

 Global crack spreads remain low amid slow oil demand recovery and high stocks

EIA

In its latest Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) estimates that third-quarter 2020 global liquid fuels consumption averaged 94.2 million barrels per day (b/d), an increase from the second quarter but significantly lower than the …

Daily Energy Market Summary: 360 DCB – 10/7/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/7/2020 – Hosted by Michael Tanner

Trump tweets storm strikes again, this time sending major indices running higher amid the idea of more targeted stimulus.  President Donald Trump tweeted support for aid to airlines and other stimulus measures, stoking hope that a smaller aid package could

Source: Reuters

Oil falls on U.S. stimulus impasse and U.S. stockpiles

Reuters


LONDON – Oil prices fell on Wednesday after U.S. President Donald Trump dashed hopes for a fourth stimulus package to boost the coronavirus-hit economy, with prices also pressured by a larger than expected rise in U.S. crude inventories.

Brent …

Daily Energy Market Summary: 360 DCB – 10/6/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/6/2020 – Hosted by Michael Tanner

Stocks get hammered Tuesday as President Trump announces via Twitter that he is calling off stimulus talks late in the trading session.  The Dow Jones closed 375.88 points lower, or 1.3%, The S&P 500 ended the day down 1.4%. The

Source: Reuters

Oil prices up 3% on hurricane, supply disruptions

Reuters


NEW YORK  – Oil prices rose more than 3% on Tuesday, supported by U.S. supply disruptions caused by an approaching hurricane in the Gulf of Mexico and an oil worker strike in Norway.

Energy companies shut offshore oil platforms …

Daily Energy Market Summary: 360 DCB – 10/5/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/5/2020 – Hosted by Michael Tanner

Trump gets discharged from Walter Reed Hospital and sends stocks flying with majors indices finishing at least 1.5% higher.  US lawmakers also are expected to reach a stimulus agreements in the near future. House Speaker Nancy Pelosi and Treasury Secretary

Source: Reuters

U.S. oil deals sluggish despite Chevron, Devon boost: Enverus

Reuters


The pace of mergers and acquisitions in the U.S. oil and gas sector during the third quarter tied with the first quarter for the worst in a decade, according to data released on Monday, as most shale producers remain …

Source: Reuters

Oil rebounds on Trump health update, Norway shutdowns

Reuters


LONDON  – Oil prices rose on Monday after doctors said U.S. President Donald Trump could soon be discharged from the hospital where he is being treated for COVID-19, while six Norwegian offshore oil and gas fields were shut as …

Daily Energy Market Summary: 360 DCB – 10/2/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/2/2020 – Hosted by Michael Tanner

Source: Reuters

Big Oil shares capitulate to COVID, lower carbon doubts

Reuters


LONDON – Royal Dutch Shell RDSa.L and BP BP.L have lost over half of their market value so far this year, with both shares hitting 25-year lows this week, battered by weak oil prices and investor concerns over their …

Episode #52: Weekly Energy Market Summary – October 2nd, 2020

Episode #52: Weekly Energy Market Summary – October 2nd, 2020

First show of Q4 starts out wild on the back of President Trump testing positive for COVID-19, sending the markets into a frenzy to start the show. The crew from OAG360 cover everything that happened during the crazy energy market

Daily Energy Market Summary: 360 DCB – 10/1/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 10/1/2020 – Hosted by Michael Tanner

Mixed bag in the markets today as major indices give traders different views of the market.  Tech-heavy index Nasdaq trade 1.5% higher on news that a revised stimulus will include direct payments which had been a boon for the Nasdaq …

Source: Reuters

Noble Energy shareholders likely to approve $4.2 billion Chevron deal

Reuters


HOUSTON  – Noble Energy Inc NBL.O shareholders on Friday are expected to approve its sale to Chevron for about $4.2 billion in stock, cementing the first big energy deal since the coronavirus crushed global fuel demand.

The purchase would …

Source: Reuters

Oil drops 5% on weak demand outlook and higher OPEC supplies

Reuters


NEW YORK  – Oil prices fell more than 5% on Thursday as rising coronavirus cases around the world dampened the demand outlook, and a rise in OPEC output last month also pressured prices.

Brent crude LCOc1 futures fell $2.22, …

Source: Reuters

Big Oil’s $110 billion asset sale target could prove big ask

Reuters


LONDON – Leading energy companies are hoping to sell dozens of oil and gas fields and refineries worth more than $110 billion to curb both their ballooning debt and their carbon footprints.

But with the outlook for oil and …

U.S. crude oil producers increased the amount and share of production covered by financial hedges in Q2 2020

U.S. crude oil producers increased the amount and share of production covered by financial hedges in Q2 2020

EIA


According to the U.S. Energy Information Administration’s (EIA) analysis of financial disclosures from 77 publicly traded U.S. crude oil producers, financial hedging activity in the second quarter (Q2) of 2020 increased year on year from the second quarter of …

September 30, 2020 - 9:01 pm Commodity Pricing, Crude Oil News, EIA News That Matters
Daily Energy Market Summary: 360 DCB – 9/30/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/30/2020 – Hosted by Michael Tanner

All major indices up as optimism over a new stimulus package help prop up what has been a choppy September to say the least. The Dow Jones last traded up 260 points, or 0.9%, after rising 550 points at its

Source: Reuters

The market’s worst-performing sector is due for some upside, two traders say. Here’s how they’d play it

CNBC


There could be upside in store for the market’s worst-performing sector.

S&P 500 energy stocks have underperformed the index’s 10 other sectors over a range of time frames including in Tuesday’s trading session, this week, this month, this year

Source: Reuters

OPEC September oil output rises for third month on Libya restart, Iran

Reuters


LONDON  – OPEC oil output has risen for a third month in September, a Reuters survey found, as a restart of some Libyan installations and higher Iranian exports offset strong adherence by other members to an OPEC-led supply cut …

Daily Energy Market Summary: 360 DCB – 9/29/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/29/2020 – Hosted by Michael Tanner

COVID-19 concerns hit the east coast hard, driving markets to its first loss in 4 trading days. The Dow Jones Industrial Average traded 130 points lower, or 0.5%. The S&P 500 fell 0.4% while the Nasdaq Composite dived 0.1%. New

Daily Energy Market Summary: 360 DCB – 9/28/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/28/2020 – Hosted by Michael Tanner

New week means new bullish trends as the markets rip higher today, off the back of improved stimulus talks. House Speak Pelosi is set to speak to Treasury Secretary Mnuchin today with talks ongoing today.   

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