Economy

India’s transport fuel demand remains under pressure

India’s transport fuel demand remains under pressure

argus

Delhi, 12 October (Argus) — Indian demand for transport fuels, except for gasoline, remained lower than year-earlier levels in September despite relaxations to the country’s Covid-19 lockdown measures because of collapsing businesses and record job losses.

Sales of diesel, …

October 12, 2020 - 5:42 am Economy, Gasoline, International
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%.

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

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: CNBC

Fed Chair Powell calls for more help from Congress, says there’s a low risk of ‘overdoing it’

CNBC


Federal Reserve Chairman Jerome Powell called Tuesday for continued aggressive fiscal and monetary stimulus for an economic recovery that he said still has “a long way to go.”

Noting progress made in job creation, goods consumption and business …

October 6, 2020 - 3:00 pm Closing Bell Story‎, Economy, Jobs
Stocks sink as Trump scraps COVID stimulus talks, blasts Pelosi

Stocks sink as Trump scraps COVID stimulus talks, blasts Pelosi

Foxbusiness


Stocks sank after President Trump scrapped stimulus talks while blasting House Speaker Nancy Pelosi’s $2.4 trillion ask which is well above the $1.6 trillion Mnuchin was pushing for.

The Dow Jones Industrial Average fell nearly 400 points or 1.3%, …

October 6, 2020 - 2:30 pm Closing Bell Story‎, Economy, Finance, Jobs, Regulatory
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: CNBC

Dow shakes off Trump’s positive test and is now slightly higher on stimulus hopes

CNBC


Stocks clawed back some of the steep losses that followed President Donald Trump’s coronavirus diagnosis after House Speaker Nancy Pelosi signaled aid for the airline industry could be coming soon, perhaps even as part of a much-anticipated broad relief …

October 2, 2020 - 3:30 pm Closing Bell Story‎, Economy, Finance
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

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

Oil falls further as Trump tests positive for COVID-19

Oil falls further as Trump tests positive for COVID-19

CNA

TOKYO: Oil prices extended losses to fall around 2 per cent on Friday (Oct 2) after US President Donald Trump tested positive for the coronavirus, while a US stimulus package eluded negotiators amid ongoing worries about demand.

Brent crude …

October 2, 2020 - 4:04 am Crude Oil News, Economy, Political News
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 …

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

Shell to cut up to 9,000 jobs as oil demand slumps

Shell to cut up to 9,000 jobs as oil demand slumps

Shell


Royal Dutch Shell has said it plans to cut 7,000 to 9,000 jobs as it responds to challenges including the slump in oil demand amid the Covid-19 pandemic.

The oil giant said the cuts would be implemented by 2022 …

September 30, 2020 - 5:16 am Economy, International, Jobs
Source: Reuters

Top U.S. oil refiner, Marathon Petroleum, begins widespread job cuts -sources

 


HOUSTON, Sept 29 (Reuters) – Marathon Petroleum Corp MPC.N, the largest U.S. oil refiner, on Tuesday began cutting employees at its U.S. operations as the COVID-19 pandemic further narrowed global demand for motor fuels, people familiar with plant …

September 29, 2020 - 9:20 pm Crude Oil News, Downstream, Economy, Jobs
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

ESG Data Quagmire Impedes Sustainable Finance Impact, OECD Says

ESG Data Quagmire Impedes Sustainable Finance Impact, OECD Says

Bloomberg Green


Oil & Gas 360 Publishers Note: We have been seeing on the 360 News Desk, “No ESG – No Access to Capital”. This article brings up exactly what we are seeing in the market. There is also the

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.   

Oil and Gas News

The 360 Digital Closing Bell Look Ahead–9-29-2020

The 360 Digital Closing Bell Look Ahead–9-29-2020

PACKED MONDAY on the The Oil and Gas Show 360 Digital Closing bell from the team at www.oilandgas360.com!

 

We learn early on that Michael is single because he can't "DYI" (which for those keeping track at home, its "DIY")

Daily Energy Market Summary: 360 DCB – 9/25/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/25/2020 – Hosted by Michael Tanner

Despite all 3 major indices finishing up 1.2% or more, stocks still finish their 4 straight week of loses as the September swoon is in full effect.  House Democrats are preparing a $2.4 trillion relief package that they could vote

The 360 Digital Closing Bell Look Ahead–9-25-2020

The 360 Digital Closing Bell Look Ahead–9-25-2020

HAPPY 50th birthday to the show as the team from OAG360 brings you everything that happened in the oil patch for this week.

Heavy international and oil major show (which Michael hates) as Shell shifts to less oil production (following

A New View of the Relationship Between Oil Prices, Gasoline Prices and Inflation Expectations

A New View of the Relationship Between Oil Prices, Gasoline Prices and Inflation Expectations

Dallas Fed


It has been considered self-evident until recently that oil prices drive inflation expectations, but new evidence calls into question this conclusion.

Conventional wisdom within macroeconomics is that U.S. inflation expectations respond to the level of the price of …

September 24, 2020 - 3:00 pm Commodity Pricing, Economy, Gasoline
Daily Energy Market Summary: 360 DCB – 9/24/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/24/2020 – Hosted by Michael Tanner

Thursday chop back in full force as Dow Jones swings from 300 pts up, 200 pts down (500 pt swing) finishing 40 pts below. The S&P 500 and Nasdaq Composite traded lower by 0.1% each. First-time claims for state unemployment

Contrary to BP’s management Russia’s Gazprom Neft sees oil demand returning to pre-crisis levels in H2 2021-

Contrary to BP’s management Russia’s Gazprom Neft sees oil demand returning to pre-crisis levels in H2 2021-

Energyworld


Oil & Gas 360 Publishers Note: Dyukov’s statements appear to be in direct conflict with BP’s top management’s comments this week. 

“The pandemic hasn’t gone anywhere… but we are sure that there won’t be such a harsh reaction, first …

September 24, 2020 - 1:00 pm Closing Bell Story‎, Crude Oil News, Economy, International
Daily Energy Market Summary: 360 DCB – 9/23/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/23/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/23/2020

 

September swoon in full effect as the market takes another nose dive, with the Dow Jones finishing 1.3% lower or 367 pts.  S&P 500 was down over 1.5% with Nasdaq finishing

Source: CNBC

Jamie Dimon says he’s OK with higher taxes on the rich, but wealth tax is ‘almost impossible’

CNBC


SINGAPORE — J.P. Morgan Chase’s Chief Executive Jamie Dimon said he’s not against higher taxes on the rich, but a wealth tax is not the way to do it.

“A wealth tax is almost impossible to do,” he told …

September 23, 2020 - 2:00 pm Closing Bell Story‎, Economy, Finance
Daily Energy Market Summary: 360 DCB – 9/22/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/22/2020 – Hosted by Michael Tanner

Equities markets finished positive after Fed Chair Powell reiterated his stance to support the US economy. These gains on the broad markets snap a 4 session losing streak. Oil and Gas News Today What happened to crude oil today? Prices

Source: Reuters

OPEC watching Libyan oil restart closely, needs time to assess: sources

Energyworld


Oil & Gas 360 Publishers Note: As OPEC is having difficulty keeping all of it’s members within agreed production levels, the new developments are a catalyst to review the OPEC’s memberships and partnerships. Should be interesting to follow as

Daily Energy Market Summary: 360 DCB – 9/21/2020 – Hosted by Michael Tanner

Daily Energy Market Summary: 360 DCB – 9/21/2020 – Hosted by Michael Tanner


 

Huge market selloff to begin the week as the Dow Jones dropped 843 points, or 3.1%. The S&P 500 lost 2.5% while the Nasdaq Composite fell 1.6%.  Stock fell on worse than expected COVID-19 optimism and uncertainty on any