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Crude oil prices fall sharply in the wake of weak economic data from China and Europe and a rise in U.S. crude inventories, partly erasing yesterday's big gains; WTI -2.5% to $55.68/bbl, Brent -2.1% to $60.03/bbl. More news on: The United States Oil ETF, LP, Energy Select Sector SPD...
If you like rate cuts and think they are powerful tools to help manage a soft patch, then there was good news in two international oil reports over the last week. The US Energy Information Administration ((EIA)) cut its forecast for global demand growth for the seventh straight month. On Frida...
By Phil Flynn (Flash: The recent report that President Trump is delaying some tariff on China has boosted prices.) We had tanking Treasury yields, the shutdown of the Hong King airport, fears of an Argentinian debt default, federal government spending at a record $3.73 trillion in the ...
Crack spreads look gloomy. The best phrase to describe last week's oil market is "roller coaster." You wouldn't think so if you just looked at the week's ending numbers. Front-month light, sweet crude wrapped up Friday at $54.40 a barrel, just a 2% loss for the week. The ride to Friday's c...
Welcome to the latest EIA DPR edition of Oil Markets Daily! EIA released its latest drilling productivity report yesterday and we found some interesting things we want to share. For starters, US shale oil well productivity change is stagnating, implying that well productivity is not ...
The American Petroleum Institute reportedly shows a build of 3.7M barrels for the week ending Aug. 9, following a 3.4M-barrel draw in the previous week. More news on: The United States Oil ETF, LP, iPath S&P GSCI Crude Oil Total Return Index ETN, VelocityShares 3x Long Crude Oil ETN,...
Continuing our weekly series, Open Insights, we’ll take a look at the EIA’s Weekly Petroleum Status Report (“WPSR”) for the week of August 2, 2019. EIA reported a crude build of 2.4 million barrels for the week, breaking a 7-week string of draws that saw crude inv...
Shipments have started on the first of three big Permian Basin pipeline expected to begin flowing this year, as commodities trader Trafigura says it began crude shipments to the Texas Gulf coast via the new Cactus II pipeline system. More news on: Plains All American Pipeline, L.P., Pla...
This previous week in crude markets was very unusual in that we saw backwardation enter the forward curve as well as a broad-based selloff in price. Specifically, at present the market is $0.14 per barrel in backwardation in the front month contract which is the largest level of backwardation ...
A pump jack operates in the Permian Basin oil production area near Wink, Texas U.S. August 22, 2018. (Reuters) Oil prices tumbled last week as Brent crude fell below $60 per barrel for the first time in eight months. Brent finished at $58.53 while WTI fell to $54.50 per barrel. Some anal...
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SHL Telemedicine German Operation and BARMER, one of the top health insurance funds in Germany, to present at leading Germany Healthcare Conference SHL Telemedicine Ltd. (NASDAQ: SHLT, SIX: SHLTN;) (" SHL " or the " Company "), a leading provider and developer of advanced person...
Pioneering a New Era of Cardiac Care, SHL Telemedicine Established a Comprehensive Network to Broaden Access to Expert Cardiology Services for B2B and Direct-to-Consumer Segments through its SmartHeart® Technology. SHL Telemedicine Ltd. (NASDAQ: SHLT, SIX: SHLTN;) (" SHL ȁ...
Making Significant Investments in Infrastructure and Technology, SHL Telemedicine Advances its US Direct-to-Consumer Strategy Post Positive Initial Trial Results SHL Telemedicine Ltd. (NASDAQ: SHLT, SIX: SHLTN;) (" SHL ” or the “ Company ”), a leading provid...