NatGas Cash Plunges Ahead Of Mild Weekend; Futures Traders Sidelined

Natural gas buyers Friday were in no mood to commit to three-day deals given ... Eastern prices plunged as forecasts called for weekend temperatures in ... the heating season, Tom Saal, broker with FCStone Latin America, told NGI.…

Oil

Where To Look For Value This Earnings Season

It’s that time again! A few weeks after the end of each calendar quarter-year, we enter what is known as earnings season, when quarterly results for corporations come thick and fast. As much as we like to kid ourselves that there is some hidden driver of stock prices that only we know, the reality is that they are simply a reflection of the past and expected future profitability of companies, which is what makes this time so important. Big energy companies usually release their results late in the season, which makes now a good time to look……

Oil Stocks To Watch As Geopolitical Risk Mounts

This week in oil news continue to deliver nothing but ‘green lights’ for investors, and keeps me convinced as I have been for several weeks now that every dip in oil prices – and oil stock prices – is an opportunity to position oneself aggressively for the medium term. One story that added to my bullish attitude has been ongoing skirmishing in Kurdistan. Kurdish Independence has been an ongoing struggle, and the recent ISIS losses have given the Peshmerga renewed room to push back on the centralized Iraqi government and……

The End Of The Oil Majors?

Friday October 20, 2016 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy sector. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers. Let’s take a look. 1. Oil majors, or gas majors? (Click to enlarge) - Over the past decade, the oil majors have made decisive moves to “gasify” their portfolios. The result is that many of the oil majors are producing nearly as much gas as they are oil. Royal……

Global Energy Advisory Friday 20th October, 2017

Russia’s largest oil company, Rosneft, has signed production-sharing agreements for five oil blocks in the Kurdistan Autonomous Region of Iraq. Any other week this would have been nothing more than a business-as-usual piece of news, but this week saw Baghdad retake control of Kirkuk from the Kurds – the hub of northern Iraq’s oil industry. Along with the city, the Iraqi forces also took over several oil fields, according to reports from the region. Exports of crude oil from Kurdistan to Turkey have fallen by about 50% but most……

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Harvey’s flooding blamed in major gasoline spill in Texas

Fuelfix is moving. Here are the details.

Market Currents: Qatar’s energy exports

Houston’s USD Partners expands to carry Canadian oil sands by rail

Rover Gets FERC Nod For Two More HDDs

FERC Signs Off on Two More Rover HDDs

Oil

Contractor killed at Suncor Energy mining site north of Fort McMurray

A contract worker died Friday at Suncor Energy’s Millennium oilsands mine north of Fort McMurray. Alberta labour spokesman Trent Bancarz said the man in his 30s was digging a trench when he was buried. His name was not released. The man was employed by Ontario-based Aecon Mining, which said it was deeply saddened and had put its […]…

Oil Shows Weakness, But Don’t Expect A Plunge

Oil seems to have found a relative bottom after the declines over the past few weeks, with WTI firming up at the $50-per-barrel level. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)Friday, October 20, 2017 Tension in the Middle East, combined with growing confidence in the likelihood of an OPEC extension, has very few analysts seeing a lot of downside risk. “The oil market is tightening gradually,” Tamas Varga, analyst at brokerage PVM Oil Associates,……

Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions

Despite renewed geopolitical risk on the oil market hailing from the Middle East, oil prices were down on Friday morning and set for a weekly loss as profit-taking weighed more on the price of oil than the Iraq-Kurdistan standoff and increased U.S.-Iran tensions. At 9:55 a.m. EDT on Friday, WTI Crude was down 0.31 percent at $51.35, while Brent Crude was trading down 0.09 percent at $57.18.  Both benchmarks rallied somewhat around noon EST, to $51.59 for WTI and $57.48 for Brent. “There’s a little bit of profit-taking…The……

Coal

Shale Gas

Permian Leads Declines As Rig Pullback Continues; U.S. Drops 15

Driven by declines in the Permian Basin and Haynesville Shale, the U.S. rig count fell by 15 for the week ended Friday, nearly doubling the already steep eight-rig loss from the week before, according to data from Baker Hughes Inc.…

NatGas Tax Back on Table in Pennsylvania As Another Bill Advances

It remains unclear if legislation to enact a severance tax on unconventional natural gas production that cleared the Pennsylvania House Finance Committee this week has enough support to pass the Republican-controlled chamber. …