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The Real Reason Why US Oil Production Has Peaked Raymond James recently estimated that over the last three years the U.S. decline rate for oil has doubled from 1.6 to 3.2 million barrels per day. The drilled but uncompleted well inventory ("DUC") is back to normal, so the number of wells...
In this article, we examine the significant weekly order flow and market structure developments driving WTI price action. As noted in last week’s WTI Weekly , the primary expectation for this week was for price discovery lower barring sell-side failure at the key demand cluster, 54s-...
Welcome to the flatter than pancake edition of Oil Markets Daily! EIA 914 report came out today and US oil production declined slightly versus May. June production came in at 12.082 mb/d versus 12.115 mb/d. As a result, US oil production finished the first half of 2019 flat versus Decemb...
Crude oil futures tumble following reports that Russian Energy Minister Novak said Russia's oil production cuts this month will come in slightly below those agreed under the deal between OPEC and non-OPEC producers; WTI -3.7% to $54.63/bbl, Brent -1.2% to $60.32/bbl. More news on: T...
Welcome to the OOW edition of Oil Markets Daily! EIA reported a bullish crude draw report today of -10 mbbls. This was slightly higher than our estimate of -9 mbbls. Since we've made the improvement on June 14th, we have seen much more accurate estimates from our US weekly crude storag...
The oil market has once again come to the forefront as a major worry for investors. As was the case in last year’s stock market plunge, oil prices are under pressure as the trade war threatens to further reduce global demand. In this report, we’ll look at the evidence which shows...
By Gregor Spilker At A Glance U.S. soybeans remain one of the most affected U.S. commodities in the trade war, and history suggests there could be lasting effects. No increased tariffs on oil could mean that U.S. crude remains too important to the Chinese economy. Because commodi...
By Dennis Coyne Seems we don't know what future completion rates will be in the Permian basin or anywhere. There are many different opinions on whether the completion rate might increase, decrease or stay the same. In my view, the conservative assumption is to assume they will not go up or...
Welcome to the crossing edition of Oil Markets Daily! We have a rather sizable draw estimated for this week's report. And for the few weeks after that, we see US crude storage falling below the "elevated 5-year average" by mid-September. Our estimate for September is currently erring...
In this article, we examine the significant weekly order flow and market structure developments driving WTI's price action. As noted in last week's WTI Weekly , the primary expectation for this week was for price discovery higher. This expectation played out, albeit modestly, as price disco...
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2024-06-02 01:20:00 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...
2024-04-13 16:28:00 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...
2024-03-14 15:36:00 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...