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WTI crude oil rockets past $75/bbl for the first time since October 2018 after media reports indicate that Saudi Arabia and Russia have reached a tentative deal to gradually raise production.According to Reuters, the OPEC+ group is weighing a plan that would ease production curbs enough to ad...
Gainers: Microsectors U.S. Big Oil Index 3X ETN (NRGU) +24.1%.S&P Oil & Gas Expl Bull 3X Direxion (GUSH) +20.4%.Retail Bull 3X Direxion (RETL) +20.3%.Microsectors 3X U.S. Big Banks ETN (BNKU) +20.1%.Regional Banks Bull 3X Direxion (DPST) +20.0%.Losers: Tr...
During the pandemic lockdown in the first half of 2020, only three S&P 500 sectors saw positive earnings and revenue growth for Q1 and Q2 ’20. In Q1 ’21, Technology has grown EPS and revenue 53% and 21%, respectively. Once Q2 ’21 earnings start in mid-July...
The world goes green. Is that bad for conventional energy producers? Game plan for a gravy train collapse. Supply response vs. higher prices may be different this time. As convoluted as this might seem, green may be good for fossil fuel producers for some time to come. F...
Gainers: Microsectors U.S. Big Oil Index 3X ETN (NRGU) +21.8%.Brazil Bull 2X Direxion (BRZU) +18.5%.Ultra MSCI Brazil Proshares (UBR) +18.5%.S&P Oil & Gas Expl Bull 2X Direxion (GUSH) +17.0%.Latin America Bull 2X Direxion (LBJ) +15.1%.Losers: Microsectors...
U.S. March production increased by 1,401 kb/d to 11,184 kb/d from Februaryʼs output of 9,783 kb/d and was also 128 kb/d higher than January’s. Rig additions continued in the US from the August low of 172 to 359 in the last week of May. Frac spreads continue to increa...
Total Oil has done better than most in increasing reserves and production, more so in oil than gas, but at the cost of a continuing fall in R/P for C&C. Equinor has a particularly pronounced drop in natural gas R/P, which is possibly bad news for European gas importers, especially...
A little-noticed news event this week with potentially major long-term implications for the U.S. oil and gas industry was President Biden's executive order directing federal agencies to address the risks climate change poses to the U.S. financial system and federal government.Biden's order di...
While China’s oil refineries forge ahead with capacity expansion, many western-based refiners have retrenched. As China again hits the stimulus pedal, this year it is expected to officially surpass the U.S. as the world’s largest oil refiner according to the Internationa...
The oil price had been making a recovery since late March. Global demand picked up and OPEC+ has seemingly taken a cautious stance toward increasing output. Interestingly, money is not flowing back into shale oil despite a rising oil price. Small increases in some basins have been par...
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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...