JJE News and Press, iPathA Series B Bloomberg Energy Subindex Total Return ETN From 05/12/23

2023-05-12 00:05:00 ET Summary January Non-OPEC oil production increased by 583 kb/d to 51,166 kb/d. The largest increase came from the US, 347 kb/d. From February 2023 to December 2024, oil production in Non-OPEC countries is expected to increase by 1,374 kb/d. The major cont...

2023-05-09 14:37:00 ET Summary Growth has made a comeback this year. The recovery of tech stocks has been at the core of this growth rebound. Meanwhile, despite the elevated profits of oil and gas companies, energy funds haven’t had the runaway success they enjoyed last yea...

2023-05-05 01:15:00 ET Summary U.S. February oil production decreased by 53 kb/d to 12,483 kb/d. Of the 53 kb/d drop, part of it is due to the upward revision of January production from 12,462 kb/d to 12,536 kb/d, an increase of 74 kb/d. Most of the states had a small drop exc...

2023-05-02 06:05:00 ET Summary Slowing consumer spending was cited as the primary reason for decelerating GDP growth in Q1, but the most depressing component was that gross private domestic investment fell 12.5%, driven by declines in business equipment and residential housing. Th...

2023-05-02 00:25:00 ET Summary For May, I am increasing my April forecast by $5 per barrel for West Texas Intermediate (WTI) oil to range between $70 and $90 per barrel. Two months ago was the start of another banking crisis, and one month ago, OPEC+ announced production cuts to s...

2023-05-01 13:52:39 ET Summary On Friday natural gas futures rose to a six-week high after a fire caused the shutdown of a pipeline compressor in Mississippi. Although natural gas continues to trade with a well-defined ascending parallel channel, the bullish momentum seems to...

2023-04-25 08:50:00 ET Summary The G7 nations pledged to accelerate a gradual phase out of fossil fuels and shift to renewable energy. But I do not believe that many G7 countries will meet net-zero carbon dioxide emissions by 2050. While the Fed should at least “pauseȁ...

2023-04-24 12:34:18 ET Summary Technically, natural gas looks bullish. Next week (ending Apr. 28), the weather conditions are expected to continue to cool down. If production remains flat, it will be down in annual terms by September this year due to base effects. Although...

2023-04-22 03:30:00 ET Summary Given current market uncertainties, K2 Advisors remains defensive in terms of market outlook and beta positioning. While many managers experienced losses around recent rates volatility, the opportunity set may become clearer as policymakers grapple w...

2023-04-21 17:34:00 ET Summary What can breakeven inflation rates tell us about oil prices, energy stocks, and market direction? It turns out it’s a lot more than you think. With employment back to pre-pandemic levels, the monetary impulse has reversed, the supply-demand im...