Currently viewing the tag: "Energies"

The markets are acting like they lost their luster after too much sleep before the Fed announcement and the thrill is gone with euphoria while investors hurry up and wait like the U.S. Marines only to have the inevitable happen later or rather than sooner. There are gravestones and cemetery plots of the men and […]

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Saudi Arabia is making an incredible offer to try to close the deal on a production freeze at the meeting in Algiers. The word on the street is that Saudi Arabia is offering to cut its oil production if Iran agrees to freeze theirs. The key to any production freeze, once again, comes down to […]

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Myra P. Saefong, MarketWatch. One day major oil producers support a production cap, and the next day they don’t. Members of the Organization of the Petroleum Exporting Countries and Russia will meet on the sidelines of the International Energy Forum in Algeria on Sept. 28 and it could end just like the summit in Doha […]

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Overshadowed. The Energy Report 09/22-16

On September 22, 2016 - 7:37 AM By

The oil market overshadowed the “transparent” Fed with a spectacular drawdown in crude oil inventory. Also signs that OPEC is close to a deal to freeze production and an oil worker strike in Norway all added up to a volitive day in energy. Despite the Fed rhetoric about making sure traders knew that this was […]

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The Fed kept rates in check but Janet Yellen offered some hawkish comments that Rates could be raised at the December FOMC meeting if they deem there is enough economic growth after the election and be a Scrooge. We will need fantastic Jobs, GDP and Manufacturing data for this to be a good move. In […]

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Bank of Japan kept rates steady but launched a 10 year interest rate targeting inflation which gave strength to the stock market. If the FED throws a surprise party and announces a rate increase we could see some exorbitant volatile price swings. Another headline in the markets yesterday Russia’s permanent representative to OPEC Vladimir Voronkov […]

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Formal Affair. The Energy Report 09/21/16

On September 21, 2016 - 8:30 AM By

I’m putt in’ on my top hat, tyin’ up my white tie, brush in’ off my tails. I’m dudin’ up my shirt front, and putt in’ in the shirt studs, polish in’ my nails. I’m stepping’ out, my dear, to breathe an atmosphere that simply reeks with class. And I trust that you’ll excuse my […]

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Investors seem to be keeping their hands in Their pockets awaiting the FED decision on an Interest Rate hike tomorrow. They seem to be timid and not want to get burned again by misleading statements as the decision will come tomorrow. Today we have Housing Starts and Permits at 7:30 A.M.  Milk Production at 2:00 […]

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FOMC this week. The Nemenoff Report 09/20/16

On September 20, 2016 - 7:49 AM By

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Financials: Dec. Bonds are currently 11 higher at 166’02, 10 Yr. Notes unchanged at 130’14, 5 Yr. Notes down 1 at 121’05 and June 2017 Eurodollars 1.5 lower at 98.950. FOMC meeting today and tomorrow of which I suspect there will be no change in rates but the language of the minutes should […]

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Searching So Long. The Energy Report 09/20/16

On September 20, 2016 - 7:46 AM By

Search so long to find an answer. Will the Federal Reserve have one? Oil, like every other market, is chopping around waiting for the Federal Reserve decision on interest rates. While it seems unlikely they will raise rates, the suspense has been killing liquidity in the market. Oil prices swing on obscure headlines and sometimes move […]

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My prayers go to my fellow Americans affected by the despicable, cowardly, dastardly action this Saturday night. Unfortunately, our fearless leader was invisible to offer comfort to what and who mattered most The American People!  He was too busy campaigning for Hillary who has just as much of fruitless foreign policy. Well, at least he […]

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Do you remember on Friday when traders were saying that they were selling oil because of the impending resumption of Libyan oil exports? They were saying this despite that fact that Libyan Gen. Khalifa Hifter had taken control of Libya major oil ports from the U.N. brokered Libyan government. Well those hopes were dashed after […]

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