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Energy ( XLE ) ended February as the month's worst performer of all 11 sectors in the S&P 500, -7% , while crude oil closed with a fourth consecutive monthly decline as concerns over tighter monetary policy and swelling U.S. stockpiles outweighed optimism about improving demand in...
Summary There is some evidence of lower consumption trends for crude oil as LNG becomes a more popular fuel. Next week’s EIA data set will examine the trends concerning this observation. The rig count belies the rising Fudge Factor in EIA data which suggests US Crude producti...
Summary The average annual increase in World C+C output over the 2005Q1 to 2024Q4 period (20 years) is about 473 kb/d. The top 10 non-OPEC oil producers as of 2022Q3 are the US, Russia, Canada, China, Brazil, Norway, Mexico, Kazakhstan, Qatar, and Oman. The EIA and OPEC have similar...
Summary Are markets re-rating EM here? Has the "sudden stop" of capital flowing into emerging markets started? A steadfast tightening Federal Reserve will play into and heighten these EM risks through various channels. The outlook for the US economy remains generally-positive as sho...
Summary Brent futures and WTI crude have fallen over 8.5% since my article “What Awaits The Oil And Gas Industry In 2023” was published. Following the results of an excellent year for the oil and gas industry in 2022, Exxon Mobil plans to send up to $50 billion in a share ...
Summary The oil macro in 2023 will likely be heavily influenced by headlines related to Russian supply and Chinese demand as the country reopens. US production growth is expected to be modest, as companies practice capital discipline and grapple with service cost inflation. Traditio...
Summary October non-OPEC oil production increased by 562 kb/d to 50,565 kb/d. For frac spreads, the general trend since late February 2022 can best be described as essentially flat around the 290 level but with a hint of a slow increase toward 300 frac spreads. World oil production ...
Summary U.S. November production decreased by 35 kb/d to 12,375 kb/d. Since the beginning of April 2021 through to the week ending July 29, 2022, the US added horizontal oil rigs at a rate of close to 3.82 rigs/wk, orange OLS line, and peaked at 551 rigs in the week ending July 29. ...
Summary The US EIA Short Term Energy Outlook was published on January 10, 2023. I doubt Russian C+C output will fall as much as the EIA has forecast. The Canadian forecast looks much too high. A guest post by D Coyne The US EIA Short Term Energy Outlook (STEO) ...
Summary An update on my oil short thesis published on August 15, 2022. Oil continues to trade at a premium. U.S. supply continues to rise. Global recession risk is higher than ever. OPEC+'s cuts are completely overblown. On August 15, 2022, I published a report on Se...
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2024-05-20 11:08:00 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...
2024-04-20 21:56:00 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...
2024-03-22 00:02:00 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...