Currently viewing the tag: "Energies"

[Myra Saefong, MarketWatch] Disruptions in Libya add further support to oil. Oil prices rallied Wednesday, settling at their highest level in roughly three weeks after data from the Energy Information Administration showed a weekly rise in U.S. crude inventories that was below some market forecasts, along with bigger-than-expected declines in gasoline and distillate stockpiles. Disruptions […]

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[Daniel J. Graeber, UPI] Brexit concerns, U.S. oil inventories and production problems for OPEC members are all in play, according to market analysts. Traders shrugged off data indicating supply-side strains to focus more on lower production from OPEC members, sending oil prices higher early Wednesday. Crude oil prices posted gains Tuesday after a review of […]

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As Taxation without representation is reverberating around the world I pray the U.S. politicians see the error in their ways. And Brexit unfolding and the revolution seems to be gaining further strength from the people. While they get fat and play the George Soros card “I’m from the government so do what I say”, that […]

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Oil prices are on the rise as Libya’s state-run National Oil Corp. declares a force majeure on loadings of Sharara crude from the Zawiya oil terminal and on loadings of Wafa field condensate from the Mellitah terminal and drop-in oil inventory at the Cushing, Oklahoma NYMEX delivery point. That was the first drop in five […]

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[Myra Saefong, MarketWatch] Oil prices climbed Tuesday, buoyed by disruptions to Libyan crude production and talk of a six-month extension to an OPEC-led pact to limit global output. May West Texas Intermediate crude oil CLK7, +1.93% —the U.S. benchmark—traded 43 cents, or 0.9%, higher at $48.16 a barrel on the New York Mercantile Exchange, after […]

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Keeping the promise of reversing the Keystone Pipeline ban President Trump is poised to sign an order with sweeping away the last administrations climate policies that were unfriendly to the Oil Industry, a jobs killer and bad for the economy who’s GDP could not grow past 3% percent which is anemic. Reuters released some of […]

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Dove. The Energy Report 03/28/17

On March 28, 2017 - 7:54 AM By

Dovish comments from the Chicago Fed President Charles Evans, give oil a bit of a boost offsetting worries about President Trump’s failed Healthcare Reform Act vote. The Fed may have President Trumps back. After speaking at a conference in Madrid, Spain, the Chicago Fed president signaled that perhaps the Fed might not raise rates as […]

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Chicago FED president Charles Evans speaks in Madrid while the Dallas FED president is going to take part in a discussion of economic conditions and the role of monetary policy at Texas A&M University today. On the Grain front we are trading mostly lower in the complex Soybean Oil leading the way. The May Corn […]

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A new dawn is breaking in the old OPEC cartel and it is a reminder that this is not the same cartel of just a few years ago. Instead of infighting and name calling, there is cooperation and order and that is why OPEC and non-OPEC will secure an extension of the OPEC production cuts. […]

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The market is gearing up for round three of the great debate with the blowhards or in Chicago as we say why we call it the Windy City. I anticipate another stall or as the U.S. Marines motto besides Semper Fidelis is “Hurry up and Wait”. Regardless of the outcome having government involvement in are […]

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Oil prices sold off after the Trump Administration did not close the deal on the American Healthcare Act and delayed the vote until today. Oil today is bouncing back on growing expectations that OPEC will lay the groundwork for an extension of production cuts this Sunday at its technical meeting in Kuwait. OPEC has ridden […]

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[Daniel J. Graeber, UPI] Crude oil prices drifted lower in early Thursday trading as investors remained cautious about U.S. economic trajectory ahead of a pivotal vote on health insurance. Crude oil prices faced lingering pressure in the previous session on signs of ongoing supply-side pressures despite efforts by the Organization of Petroleum Exporting Countries to […]

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