Currently viewing the tag: "Energies"

With autumn beginning and the weather feels like Mid-August it would not be an ideal time to visit the pumpkin patch as we start thinking Halloween and Thanksgiving. The Grains are trading higher in the overnight electronic session. This could lead to an interesting close given export and import news from China and South America […]

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As OPEC meets in Vienna,there is more evidence that the global oil market balance is underway, even as unbalanced North Korean Leader Kim Jong Un threatens to set off a hydrogen bomb. The oil market is waiting on OPEC and non-OPEC to give a signal about the future direction of oil production. Talk of an […]

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[Ryan Collins and Brian K Sullivan, Bloomberg] The U.S. Midwest is sizzling and it’s taking all the natural gas it can get from Western Canada to keep cool. Gas flows to the region increased 7 percent in the last week, reaching 1.7 billion cubic feet a day on Thursday, the most since May 13. That […]

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This morning we kick off the day with Export Sales and Initial Jobs at 7:30 A.M. followed by EIA Gas Storage at 9:30 A.M. After yesterday’s FED decision, S&P Global Ratings cut China’s sovereign credit rating for the first time since 1999, citing the risk of from soaring debt, and revised its outlook to stable […]

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Oil Futures Up on EIA Data, OPEC Talk

On September 20, 2017 - 5:40 PM By

[George Orwel, DTN] New York Mercantile Exchange spot-month oil futures rallied Wednesday afternoon, with October West Texas Intermediate crude oil settling above $50 per barrel (bbl) and at the highest level in four months, powered by bullish weekly U.S. oil data and on the prospect of prolonged cuts to oil production by the world’s leading […]

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Tropical Storm Jose still a threat in the Energy sector with a threat to refineries in the northeast with maximum sustained winds at 55 knots with movement at 7 knots. Maria’s cone has her moving away from the Gulf of Mexico and out back to the Atlantic but it is still too early to judge […]

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Oil prices are rising on bullish supply data from the American Petroleum Institute (API) and talk that the joint OPEC/non-OPEC Ministerial Monitoring Committee (JMMC) on Friday might set the stage for an extension of the existing production cut agreement as compliance with the current deal is starting to improve. Yet behind the supply and demand […]

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FED Will not Raise Rates 09/19/17

On September 19, 2017 - 8:28 AM By

With this active hurricane season and the damaged sustained I believe the FED would be hard pressed to raise Interest Rates when some people lost their home and still paying a mortgage. However, investors will be listening to the verbiage to try and understand how Dovish or Hawkish the overtones are today and tomorrow. Kicking […]

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Refiners on the Run. The Energy Report 09/19/17

On September 19, 2017 - 8:17 AM By

Oil prices are rising on hopes that Hurricane Jose will not do any damage to East Coast refiners that are running hot and heavy to make up for lost supply from Gulf Coast refiners that were hit hard by Hurricane Harvey. Refiners are already having success with getting gasoline prices to fall but there is […]

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Hurricane activity and a big drop in U.S. rig counts will force traders to look at forces that may hit both supply and demand. Hurricane Jose threatens the East Coast from Delaware to Massachusetts, mainly demand but some refineries. Hurricane Maria also poses a threat to the Virgin Islands and is a dangerous storm as […]

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Hurricane Jose is still making headlines before we see the impact of his punch and hopefully he will miss the U.S. northeastern coast. Jose current movement is north at 8 knots. We also have to contend with Hurricane Maris a category 2 and Tropical Depression Lee which both of these storms threaten the Gulf of […]

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Financials: Dec. Bonds are currently 11 higher at 156’22, 10 Yr. Notes 6 higher at 127’09.5 and the 5 Yr. Notes 4 higher at 118’23.7. Yesterday Fed V.P. Stanley Fischer announced his retirement leaving the possibility of 4 vacancies on the Federal Reserve board to be filled by Pres. Trump including the possibility of replacing […]

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