Currently viewing the tag: "Energies"

BY JARRETT RENSHAW | Reuters | U.S. refiners’ months-long windfall from cheap and plentiful crude showed further signs of running out of steam on Wednesday as a second refinery, Delta Airlines’ Monroe Energy, prepared to cut output and another dumped unwanted crude. With companies taking frantic measures to combat declining profits as inventories rocket to […]

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European stocks rallied which was a positive sign to the global slump and the spillover is contagious and being felt in our markets this morning. Another sign of cooler heads will prevail was the United Arab Emirates energy minister was quoted that OPEC counties were ready to cooperate in production cuts. This is a key […]

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No matter what, we won’t back down. Well on second thought, maybe we will back down. It’s not what is being proposed but it is who is doing the proposing. After a late break in oil that drove it to the lowest level since 2003, we rebounded on an OPEC production cut story. Dow Jones […]

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China’s bank losses may top 400% of the Subprime Crisis according to Kyle Bass, the hedge fund manager who successfully bet against mortgages during the last subprime crisis, he went on to say China’s banking may see losses of four times those suffered by U.S. banks during the last crisis. Story by Katia Porzecanski Bloomberg […]

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Stressed Out. The Energy Report 2/11/16

On February 11, 2016 - 8:27 AM By

Global market stress is boiling over after Federal Reserve Chair Janet Yellen failed to assure markets that everything is going to be ok. With her pronouncement that the Fed could actually lower interest rates and uncertainty about banking stocks earning misses and oil company bankruptcies fear is in the market. The risk bank kin Sweden cut […]

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Financials: Mar. Bonds are currently 3’00 higher at 170’04, 10 Yr. Notes 1’08 higher at 132’24 and 5 Yr. Notes 24 higher at 122’11. Treasuries continue to rally in a flight to safety as rates tumble with the 30 Yr. Bond now yielding below 2.5 at 2.43%. We are unfortunately short June 2017 eurodollars and […]

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Today Janet Yellen should paint a picture to investors on where the FED will stand on future rate hikes. Investors are hoping for a more dovish outlook so we can temporarily drink the punch as a hawkish outlook and taking our medicine all at once could really plunge the global markets.  In the overnight electronic […]

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Cut Up. The Energy Report 2/10/16

On February 10, 2016 - 8:43 AM By

Oil prices are rebounding after comments by the Iranian Oil Minister Bijan Zangeneh that Iran was ready to negotiate with Saudi Arabia and Russia to engineer a production cut of 1.0 million barrels of oil a day. The Iranians are probably making that comment because they are disappointed with the price and lack of demand […]

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By Laura Blewitt | BloombergBusiness | Drivers in Chicago and other parts of the Midwest may see gasoline prices at the pump fall to 99 cents a gallon as regional stockpiles swell. Average Illinois retail gasoline prices have dropped 34 percent in the past year to $1.57 a gallon, while Oklahoma motorists can fill up […]

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Oil drops on US supply worries

On February 9, 2016 - 7:36 PM By

By Reuters via Upstream | Global oil markets fell 3% to settle down for a third straight day on Monday on worries that US crude stockpiles had reached new record highs, while a Saudi-Venezuela meeting to boost prices showed little progress.
Oil was also hurt by tumbling US equity markets amid persistent fears about […]

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A mixes Asian market last night only slumps in the end and has the global markets on edge, once again trading on fear. On this Fat Tuesday we have plenty of earnings to decipher and reports today. This morning at 7:30 A.M. we have Wholesale Trade, at 11:00 A.M. the monthly Crop Production USDA Supply/Demand […]

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False Dawn. The Energy Report 2/9/16

On February 9, 2016 - 10:23 AM By

Oil prices are rising this morning in what the International Energy Agency (IEA) calls a false dawn. In the most recent report, the IEA predicted a bleak outlook for the global oil market and the prospects for economic growth in the U.S., Europe and China. Despite acknowledging that global energy demand surged to a 5-year […]

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