Currently viewing the tag: "Energies"

We kickoff the day with Advanced Durable Goods and Initial Jobless Claims at 7:30 A.M., EIA Energy Stocks at 9:30 A.M.,EIA Gas Storage at 11:00 A.M. followed by Cold Storage and Dairy Product Sales at 2:00 P.M. It seems to be they are trying to thread the needle and put all these reports ahead of […]

Continue Reading

Business and users of oil that did not buy into the lower for longer talk are giving thanks this Thanksgiving for having hedged their oil, gasoline and diesel purchases. Suddenly, the oil glut that many had predicted would last forever has suddenly turned into a very tight market. Oil futures are in contango for the […]

Continue Reading

Today we have Existing Home Sales at 9:00 A.M. and API Energy Stocks at 3:30 p.m. Yesterday’s Crop Progress Report showed the harvest was near completion but rains in portions of the country put a snag in the overall picture. Rains in the Eastern Corn Belt and the Southeast slowed farmers with wet conditions. In […]

Continue Reading

Legging Up. The Energy Report 11/21/17

On November 21, 2017 - 7:38 AM By

It looks like oil is consolidating for another leg up as it shakes off political uncertainty in Germany, one of the reasons we pulled back yesterday, and instead on talk of another big drop in supply in the Cushing Oklahoma. Market chatter has the NYMEX delivery point falling at least 1 million barrels and some […]

Continue Reading

Keystone XL clears Nebraska hurdle

On November 20, 2017 - 3:01 PM By

[Daniel J. Graeber, UPI] State regulators approve of the route for the pipeline that was once an oil-industry scapegoat, but ordered TransCanada to avoid a sensitive ecological area in the state. A decision spanning two U.S. presidential terms came to a head Monday when regulators in Nebraska cleared a remaining hurdle for the Keystone XL oil pipeline. […]

Continue Reading

[David Gaffen, Reuters] Oil prices slipped on Monday, extending recent weakness ahead of an OPEC meeting next week, while a rally in the dollar negatively affected commodities across the board. Brent crude futures LCOc1 were down 84 cents at $61.86, or 1.4 percent, by 11:37 a.m. EST (1637 GMT), while U.S. West Texas Intermediate (WTI) […]

Continue Reading

We start out Monday morning with Export Inspections at 10:00 A.M., Milk Production at @2:00 P.M. and Cop Progress at3:00 P.M. The Grains failed to keep the rally going after Fridays surge in that trading session starting this holiday week. Corn harvest is very close to being over depending where you are geographically. In the […]

Continue Reading

Oil Up Cycle. The Energy Report 11/20/17

On November 20, 2017 - 9:05 AM By

Oil traders have amassed a record long position in oil as global demand rises and supply of distillate stocks remain tight. Money managers increased their net longs by 28,297 contracts to 409,963 or equivalent of nearly 410 million barrels of oil, according to Reuters. This comes as U.S. shale producers hold off on adding oil […]

Continue Reading

[Myra P. Saefong, MarketWatch] The International Swaps and Derivatives Association ruled Thursday that Venezuela, as well as state oil company Petróleos de Venezuela SA, defaulted on their debts. ISDA’s determination committee will reconvene on Nov. 20 to make a decision on how credit-default swaps, which can be used to protect against nonpayment, will be settled, according […]

Continue Reading

We seem to have continued conflicting weather reports whether it is the European model or the U.S. weather model they all seem to be wrong which puts a shake and bake in the market and takes out investors with low risk tolerance and puts them out of the game. As we move closer to the […]

Continue Reading

Continue the Cuts. The Energy Report 11/17/17

On November 17, 2017 - 7:09 AM By

Khalid A. Al-Falih, the Minister of Energy, Industry and Mineral Resources of Saudi Arabia and chairman of Saudi Aramco all but guaranteed an extension of oil production cuts to be officially announced at the end of the month despite the protestations by some Russian oil companies. Russian oil companies are desperate to raise production to […]

Continue Reading

Like the John Fogerty song Change in the weather and the closing days in harvest are keeping farmers off the field with wet cold weather. With smaller farmers and remaining acreage the question is do we try to take it out of the ground now or take a beating with silos full and cash prices […]

Continue Reading