Currently viewing the tag: "Energies"

This weekend as we go to barbecues and if you’re lucky boating, golfing and other activities. We must remember in especially this global climate of conflicts this is just the chance to remember those people who are putting their lives on the line so we can have recreation and sleep easy. God Bless our Men […]

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Why do you build us up with oil cuts baby, just to let us down and mess us around. And then worst of all, you don’t extend production cuts when you say you will, but supply will fall still. Shale needs you to keep on drilling, we have known that from the start. So cut […]

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[Daniel J. Graeber. UPI] The likelihood that parties to an OPEC-led effort to balance the market with production cuts stand pat on output left oil prices in the red early Thursday. Ministers assigned to a joint committee monitoring an agreement to sideline 1.8 million barrels per day to balance an oversupplied market left a meeting […]

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This morning we have Export Sales at 7:30 A.M., Initial Jobless Claims at 7:30 A.M. and EIA Gas Storage at 9:30 A.M. Which brings us to Scott Disavino of Thomson Reuters weekly poll with 22 analysts participating this week predicting injection builds of 65 bcf to 82 bcf with the median 71 bcf. This compares […]

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Is it time to play it safe? The Saudi oil minister Khalid Al-Falih said the safe bet coming out of the OPEC meeting today is a 9 month extension of the current 1.8 million barrels a day of OPEC and non-OPEC production cuts, yet the safe bet might not wow oil traders. Talk of an […]

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[Catherine Traywick, Bloomberg] President Donald Trump has proposed selling off more than half of the U.S. emergency oil stockpile, potentially putting more crude on the global market, even as OPEC works to prop up prices. A budget proposal released Tuesday includes a plan to sell 270 million barrels of oil from the Strategic Petroleum Reserve […]

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On tap for today we have Existing Home Sales at 9:00 A.M., EIA Energy Stocks at 9:30 A.M., Dairy Product Sales at 2:00 P.M. and more earnings. Last night’s API Energy Stocks showed declines in Oil Stocks and the market just did not seem to rally as expected ahead of Thursdays OPEC meeting which a […]

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OPEC is getting ready to have a big party in Vienna as they hammer out an extension of the current OPEC agreement. While there has been some last minute negotiating by some players like Iraq, it is likely the deal will be extended by nine months. The Wall Street Journal is reporting the, “Ecuadorean Energy […]

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[Myra Saefong, MarketWatch] 2018 budget proposal includes 10-year sale of 270 million barrels of reserve oil. At a time when major oil producers have been struggling to ease a global glut of crude supplies, the Trump administration has proposed the sale of nearly half of the oil from the U.S. Strategic Petroleum Reserve under its […]

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The Windy City Trader. 05/23/17

On May 23, 2017 - 1:15 PM By

With Memorial Day approaching next week I for one offer my greatest thanks and gratitude to all of our military personal past, present and future and pray for their sacrifice and safety on this coming Memorial Day and always. I guess 18 year olds in past generations weren’t allowed the luxury of “safe spaces” to […]

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Oil prices came off the year high after a terror attack in England and as President Donald Trump continues to make history on his Middle East trip. First, President Trump cut a slew of business deals with Saudi Arabia and then he opened the door with a peace plan in Israel when he went to […]

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The Crop Progress and Condition report failed to sway the bears into any short covering even with the heavy short positions the carry. Even with predictions of further wet and cool spring which may reduce acreage and yields. In the overnight electronic session the July Corn is currently trading at 372 ¼ which is 2 […]

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