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Six oil and gas fields in the Gulf of Mexico have been shut after some pipeline leakage was discovered at a Louisiana booster station, Bloomberg reported Thursday. Shell ( NYSE: SHEL ) said it shut its Mars and Amberjack pipelines, which can transport as much as 500K bbl...
Energy stocks top Thursday's S&P sector standings as crude oil futures climbed higher, finding support after the International Energy Agency raised its forecast for global oil demand growth. September WTI crude oil ( CL1:COM ) +3.1% to $94.78/bbl, approaching its $94.98/...
EIA weekly data is likely underestimating U.S. implied gasoline data by overstating gasoline exports. This will all be corrected in the monthly report, but in the meantime, we think EIA is underestimating demand by ~300k b/d. Going forward, we see demand bottoming now. One good pr...
The U.S. Energy Information Administration said Tuesday in its monthly Short Term Energy Outlook that it expects domestic production of crude oil, natural gas and coal will all increase next year compared with this year. The EIA forecasts U.S. crude production rising 6.7% to an ...
The COVID-19 pandemic and its associated impact on economic growth have triggered a prolonged period of oil price volatility. While China is by far the largest importer of Oman crude, accounting for 86% of its exports, according to its Statistical Year Book 2021, all of Oman’s ...
A conservative model of future World Crude plus Condensate (C+C) output is presented in this article. My model projects continued 1.2% average annual growth in C+C output from 2022 to 2029 when the final peak in output is projected. The annual rate of decline gradually increases t...
Crude oil climbed 2% Monday, as bottom-feeding buyers swooped in after major benchmarks last week traded at their lowest levels in six months on worries about the demand outlook. Front-month WTI crude ( CL1:COM ) for September delivery closed +1.9% to $90.76/bbl, after dro...
Elevated inflation, slowing global economic growth expectations, and reduced central bank liquidity remain the key economic considerations. The policy interest rate divergence between the U.S. and Europe is likely to increase amid heightened recession risk in Europe. We expect mar...
Two economic reports from last week, attempting to measure essentially the same thing, reported results that were so different they could be about two different countries. The rising rate, rising dollar environment is intact. The 10 year Treasury rate is in a short-term downtrend but ...
Active drilling rigs in the U.S. surprisingly fell by 3 to 764, still 55% above levels at this time last year, according to the latest weekly survey from Baker Hughes . Drilling rigs targeting crude oil fell by 7 to 598, while gas rigs increased by 4 to 161, while 5 rigs remaine...
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2024-04-28 09:10:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
Source: Streetwise Reports 04/19/2024 Are we at the start of a commodities supercycle? We sat down with McAlinden Research to see what they had to ...
2024-04-18 14:36:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...