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Fed hikes rates 25bp for the first time since 2018. The FOMC also hinted a balance sheet run-off plan is in progress and could be announced next meeting. Previous tightening cycles and normalization efforts had been abandoned or paused numerous times by the Fed the last several years....
Post-drilling laboratory analysis of the nature of the hydrocarbons determined that the well had encountered light oils. The Kawa 1 discovery has also emboldened exploration in surrounding blocks and shifted operators' efforts towards hydrocarbon potential in the shallow water acreage...
The SEC this week unveiled a long-awaited draft rule that would require companies to disclose greenhouse gas emissions not just from their own facilities and those that power them - known as Scope 1 and Scope 2 emissions - but also the emissions generated by partners and end-users outside the...
Gainers: ETFMG Daily Alternative Harvest 2X ETF (MJXL) +34%. Ultra Bloomberg Natural Gas ETF (BOIL) +27%. Microsectors Oil & Gas Exp. & Prod. 3X Leveraged (OILU) +26%. Ipatha.B Nickel Subindex TR ETN (JJN) +26%. S&P Oil & Gas Expl Bull 3X Direxion (GUSH) +23%. Losers: Homebuil...
In February 2022, TotalEnergies announced a light oil and gas discovery in the Venus-1X new-field wildcat offshore Namibia, in the Orange sub-basin. The Venus discovery opens up great possibilities for the offshore Uruguay and Argentina basins, as similar rocks might exist in those co...
Energy (NYSEARCA:XLE +3.0%) was the easy winner of Monday's S&P sector standings, with crude oil prices climbing to their highest finish in nearly two weeks as European Union foreign ministers considered a ban on Russian energy. April WTI crude (CL1:COM) closed +7.1% to $112.12/bbl and Ma...
Energy (NYSEARCA:XLE +3.4%) easily topped Thursday's S&P sector standings, as U.S. benchmark oil prices reclaimed the $100/bbl mark following three straight days of decline to $95. April WTI crude (CL1:COM) closed +8.4% at $102.98/bbl, bouncing off the lowest front-month contract settleme...
Although Druzhba is an established supply route to Europe, the connected refineries could likely face disruptions if Europe avoids Russian oil or if the pipeline is shut down for any reason. Alternative supply routes are available through the Baltic Sea. The Plock, Schwedt, and Leuna ...
The energy sector (XLE -3.7%) suffered a broad beating Tuesday and the group was the only S&P sector to finish in negative territory, as crude oil prices plunged below $100/bbl. April WTI crude (CL1:COM) closed -6.4% at $96.44/bbl, its lowest settlement since February 28, and May Bre...
The last time commodities outperformed global equities in a consecutive two-year period where returns were positive for both asset classes were back in 2004-2005. The brent curve has broadly remained in backwardation since the beginning of 2021 as OPEC+ began to curtail production to ...
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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...