Tag - oil markets


Shorts on the Line!

Energy Shorts In the last seven weeks, those who have been watching the oil markets would notice a 50% increase in cost.  With a global market in oversupply, and crude stocks fast approaching their highest ever levels, it is right to wonder what might be causing this upward pressure. The answer in part appears to be shorts! Traders have been getting out of their energy shorts, and fast!  In fact, according to the U.S. Commodity and Futures Trading Commission, it was the largest on record. In the [...]


Oil Falls From Three Month High

Oil Falls Impact Rig Count As some us awake bleary-eyed with an hour less sleep after the spring forward clock change, we find the markets have not been sleeping at all as oil falls. Oil has fallen from a three month high (by just over 3%) on the news that Iran will not be freezing its production, at least until it has reached its target output of 4m barrels per day. That means even less US oil and gas rigs will operate [...]


Low Natural Gas Prices

Low Natural Gas Prices In recent days, I have commented on the fluctuating price of oil and some of the drivers behind the changes in global supply and demand.  The low natural gas prices enjoyed by the US are largely due to the enormous shale discoveries, which until demand increases will keep prices low. While consumers are able to benefit from low natural gas prices, I thought I would take a look at how these lower fuel costs are impacting the generation [...]


Oil Storage Fills

Oil Storage Fills Globally More than twice the normal number of oil tankers languish off the coast of Europe’s largest oil terminal in Rotterdam, as the port struggles to unload into bloated oil storage facilities.  It is reported that twice the normal number of vessels are outside the port, leaving around 50 patiently waiting. This side of the pond it’s a similar story, the main US oil storage facility in Cushing, Oklahoma is also at record highs, with an estimated 30 [...]

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