Friday chop led to all major indices on the equities market to slump leading into the weekend. he Dow Jones slid 370 points, or more than 1%. The S&P 500 dropped 1.7% and the Nasdaq fell 2.2%.
Crude oil
Volatile day for the overall equities markets today as major indices each fall over 1% with renewed stress on tech stocks, NASDQ down over 1.75%. Conflicting COVID-19 vaccine news amid stalled stimulus 2.0 also weighed on investors today. First-time claims
LONDON – Global distillate markets remain heavily oversupplied, sending margins tumbling to multi-decade lows, despite refiners’ efforts to restrain crude processing and switch to maximising gasoline production.
Poor distillate consumption and margins are weighing on refiners’ demand for crude, …
HOUSTON – Storm-tossed U.S. offshore energy producers and exporters began clearing debris on Thursday from Hurricane Sally and booting up idle Gulf of Mexico operations after hunkering down for five days.
The storm toppled trees, flooded streets and left …
CNBC
LONDON/DUBAI – The United Arab Emirates has emerged as a major laggard in delivering oil output cuts in August, figures used by OPEC+ showed on Wednesday, as the group meets this week amid signs of a faltering demand recovery.…
OAG360 Publishers Notes: Check out our new DOE dashboards for crude oil inventories and natural gas inventories: https://www.oilandgas360.com/dashboards/oil-and-gas-inventories/
NEW YORK – Oil prices rose for a second day on Wednesday, gaining about 3% on an unexpected decrease in U.S. …
Another Monday, Another 360 Digital Closing Bell Week Ahead Podcast!
Name of the game today: International News Desk
As always Michael then
Daily Energy Market Summary: 360 DCB – 9/14/2020
New week brings new optimism in the stock market as equities market as each major indices finishes green, with NASDAQ finishing up 1.75% off the back of TikTok (yes, TikTok) US
SINGAPORE – Global gasoline and diesel demand is expected to return to pre-pandemic levels by the end of next year, although a resurgence in COVID-19 cases would keep consumption fluctuating, several senior industry executives said on Monday.
The path …
LONDON – Hedge funds sold crude oil and refined products at the fastest rate for more than two years in the first week of September, as the summer trading lull ended abruptly and bullishness towards oil evaporated.
Hedge funds …
Daily Energy Market Summary: 360 DCB – 9/11/2020
HOT OF THE PRESSES – Friday chop to the major indices, as stocks swing between gains early in the session, with momentum fizzling out and finishing both S/P 500 and Nasdaq
Another Friday, another weekly lookback podcast with the gang at OAG360 (WORLDS GREATEST WEBSITE) covering everything that happen this week in energy.
- Oil prices TANK
- COGCC enacts 2,000 ft setback rule
- Saudi slashes OSP
- BP gets
Daily Energy Market Summary: 360 DCB – 9/10/2020
HOT OFF THE PRESSES: Choppy trading day as all major indices finish red after starting the trading session in the green. S/P closes down -1.5%, $NQ down -1.73%, while the
HOT OFF THE PRESSES: Markets rebound is HUGE, recovering about 25% of the losses inflicted over the past 3 trading sessions. S&P 500 jumps 2.5%, while Dow Jones and Nasdaq finish up 2.4% and 2.8% respectively. Selling seems to be
U.S. natural gas production and demand will drop in 2020 from record highs last year as coronavirus lockdowns cut economic activity and energy prices, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on …
Daily Energy Market Summary: 360 DCB – 9/8/2020
HOT OFF THE PRESSES: Long Labor Day weekend does not to much to stave off another market selloff, with Nasdaq down over 450 pts, plummeting over 10% the last
HAPPY LABOR DAY TUESDAY from the team at Oil and Gas 360!! We have a great show, starting with crude at $37 and what that means from RBL re determination season, along with the ongoing blackouts in CA.
Then Michael
Daily Energy Market Summary: 360 DCB – 9/4/2020 Day 2 of the tech sellout (welcome to September selling) as both $TSLA and $AAPL drop big leading to NQ trading down at one point almost 450 pts before rebounding toward
BRUTAL day for the equities markets as majors index’s fall over 3.5% as large institutions begin a tech sellout amid what some are calling the top of the latest bull run. Jobless claims shed some hope as 881,000 first
LONDON – Oil prices extended losses on Thursday, falling to their lowest point since early August, as worries about weaker U.S. gasoline demand and a sluggish economic recovery from the COVID-19 pandemic dented sentiment.
Brent crude LCOc1 fell 55 …
Wild Wednesday for the 360 Digital Closing Bell! Oil has a rough day despite positive DOE inventory levels.
Stocks drew 9.4 mm/bbl for the week along with oil production down to 9.7 mm/bbl/day coming off shut ins due to
CAIRO – Iraq is seeking an exemption from an OPEC+ deal curbing oil production during the first quarter of 2021 but will adhere to the cuts over the next three months, Oil Minister Ihsan Abdul Jabbar said on Wednesday.…
Exxon Mobil Corp is assessing possible worldwide job cuts, a spokesman said on Wednesday, after the company announced a voluntary lay-off program in Australia.
Exxon is the latest oil major to embark on axing jobs spurred by …
LONDON – Oil rose towards $46 a barrel on Wednesday, gaining for a third day, supported by a report that U.S. crude inventories fell and as surveys showing stronger manufacturing raised hopes of an economic recovery from the coronavirus …
Big day today in the markets - Guest Aaron Vanderford, President talking about Liberty Frac, Whiting, Colorado legislation SB181 –
International News Desk – India spending billions on 100 million tons of coal for coal gasification to help turn
