Currently viewing the tag: "Energies"

Knoxville, Tennessee (Platts)–28Jul2014/531 pm EDT/2131 GMT NYMEX August natural gas futures fell 3.4 cents to settle at $3.747/MMBtu Monday in somewhat choppy trading as the market consolidated ahead of Tuesday’s contract expiration. The contract started off the day in positive territory, trading nearly 7 cents above Friday’s close, then fell by midday, hitting a low [...]

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Today we will start in the Natural Gas arena as the news of this disturbance that is 1000 mile west-southwest of the Cape Verde Islands is becoming better defined and could make and impact on Natural Gas prices. The shower and thunderstorm activity continues to gradually organize, a tropical depression could form during the next [...]

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BP is warning that Russian sanction might have an adverse effect on their bottom line not to mention the global economy as well. As Europe seems to be slipping back into deflation war worries continue to support oil and are widening the Brent/ WTI spread this morning. The spread is killing European refining margins and [...]

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This is the favorite time of year for Chicago sports fans for many reasons. It is the start of training camp for Da Bearssss. This is in part due to Chicago fans undying love for the Bears but also largely in part to the fact that our “professional” baseball teams, the Sox and Cubs are [...]

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Financials: Sept. Bonds are currently 6 lower at 138’`5, 10 Yr. Notes 4 lower at 125’05 and 5 Yr. Notes 2.5 lower at 119’03. This will be a busy week for release of economic data, the most important of which will GDP on Wed., FOMC on Wed. and the Monthly Jobs Report on Fri. I [...]

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This Monday morning we will start off with the Crude Oil market. In the overnight electronic session the September contract is currently trading at 10176 which are 33 points lower at this writing. The trading range has been 10210 to 10139 so far. At this time the market is not overreacting to events in Libya [...]

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Record US refining run is driving down gas prices even as oil prices rise due to geopolitical risk. The Lundberg survey shows that gas prices have fallen 9 cents a gallon in the last 2 weeks.  Lundberg says that the average price for regular gasoline at U.S. pumps dropped 9.04 cents in the two weeks [...]

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Financials: Sept. Bonds are currently 14 higher at 138’10, 10 Yr. Notes 3.5 higher at 125’05 and 5 Yr. Notes 1.2 higher at 119’02.7. Yesterday’s positive weekly Jobless Claims number (20,000 less than expected) took the Bonds down to the 137’28 level (Thurs. close) only to rally partially back to present levels after the release [...]

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With Grid Iron weather in the month of July the Grain Complex is looking like it is ready for harvest pressure early much to the chagrin of most traders and farmers alike. In the overnight electronic session the September Corn is currently trading at 358 ¾ which is 2 ¾ cents lower. The trading range [...]

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While the world is in geopolitical turmoil somehow financial markets are subdued. While many credit the Fed and their easy money policies another main component of this calm in the face of multiple storms is the rise of the US oil producer. Soaring US oil production has allied fears that these many geo-political hotspots could [...]

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The second storm of the Hurricane season has dissipated into a Tropical wave. With the EIA Gas Stocks due out at 9:30 CST this morning and average builds guesstimated on the street average about builds of 96 bcf. In the overnight electronic the August contract is currently trading at 3.778 which is .016 cent higher. [...]

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Air Risk. The Energy Report 7/24/14

On July 24, 2014 - 9:23 AM By

A day after Ukraine accused Russia of shooting down Ukrainian warplanes and after the downing of a Malaysian passenger plane another plane has gone missing. Reports overnight that Spain’s Swiftair lost contact with an Airbus A320 plane that had 116 people aboard en route from Ouagadougou in Burkina Faso in Africa to Algiers may bring [...]

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