The Oil and Gas Markets


Dec 2, 2000
58,614
418
283
Easley South Carolina
From The Hellenic Shipping News:

Oil-Price Volatility Bedevils Business and Consumers
quote:

Energy prices may be partly to blame for driving the global economy into recession, but it’s the uncertainty surrounding price direction that prevents a sustained recovery from taking hold, analysts say.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=30002:eek:il-price-volatility-bedevils-business-and-consumers&catid=30:eek: il-companies-news&Itemid=225

CME Spot Prices:
Crude: $99.32
Brent Crude: $120.16 (Settle)
Natural Gas: $4.567

Comment: No kidding!!!!!
 
Dec 2, 2000
58,614
418
283
Easley South Carolina
From The Hellenic Shipping News:

S. Korea Forecasts Oil Prices at $100-$105 in Second Half
quote:

South Korea, Asia’s fourth-largest economy, forecasts global crude oil prices between $100 and $105 per barrel in the second half of this year, state-run Korea National Oil Corp. said in an e-mailed statement.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=30171:s-korea-forecasts-oil-prices-at-100-105-in-second-half-&catid=3 0:eek:il-companies-news&Itemid=225

CME Spot Prices:
Crude: $95.39
Brent Crude: $117.10 (Settle)
Natural Gas: $4.586
 
Dec 2, 2000
58,614
418
283
Easley South Carolina
From The Hellenic Shipping News:

China Demand to Keep Brent Oil ‘Well Above’ $100, Mirae Says
quote:

Brent crude will stay “well above”￾ $100 a barrel in the second half of this year on China’s oil demand growth and reduced supply of high-quality grades, according to Mirae Asset Securities Ltd.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=30410:china-demand-to-keep-brent-oil-well-above-100-mirae-says-&catid =30:eek:il-companies-news&Itemid=225

CME Spot Prices:
Crude: $95.16
Brent Crude: $114.02 (Settle)
Natural Gas: $4.438
 
Dec 2, 2000
58,614
418
283
Easley South Carolina
From The Hellenic Shipping News:

Bullish oil outlook spells gloom for consumers
quote:

The International Energy Agency signalled little respite for energy consumers yesterday in either the short or medium term, as it warned of the "clear need" for more Opec oil this year and raised its five-year oil price forecast by a whopping $19 (Dh69.78) a barrel, citing in both cases oil demand that will rise higher than previously expected in a supply-constrained market.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=30694:bullish-oil-outlook-spells-gloom-for-consumers&catid=30:eek:il-com panies-news&Itemid=225

CME Close:
Crude: $93.30
Brent Crude: $113.30 (August Contract)
Natural Gas: $4.334
 
Dec 2, 2000
58,614
418
283
Easley South Carolina
Dec 2, 2000
58,614
418
283
Easley South Carolina
From The Hellenic Shipping News:

Arab spring likely to leave oil firms unscathed
quote:

Western oil firms are unlikely to face widespread asset seizures or contract revisions as a result of Arab uprisings, thanks to deft diplomacy, legal protections and efforts to depict themselves as partners of the local citizenry.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=30805:arab-spring-likely-to-leave-oil-firms-unscathed-&catid=30:eek:il-c ompanies-news&Itemid=225

CME Spot Prices (Asian Trading Ongoing):
Crude: $92.30
Brent Crude: $112.63
Natural Gas: $4.306

Comment: Belay all of the above if the oil companies turn out to be betting on the wrong side!
 
Dec 2, 2000
58,614
418
283
Easley South Carolina
From The Hellenic Shipping News:

Oil refiner's gloomy outlook doesn't spell doom for season
quote:

THE counter-intuitive complexities of the oil refining game mean that the unexpectedly gloomy profit outlook delivered by Caltex yesterday is not really the profit season bellwether that it might appear to be.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=31098:eek:il-refiners-gloomy-outlook-doesnt-spell-doom-for-season&catid= 30:eek:il-companies-news&Itemid=225

CME Spot Prices:
Crude: $93.48
Brent Crude: $111.69 (Settle)
Natural Gas: $4.317
 
Dec 2, 2000
58,614
418
283
Easley South Carolina
From The Hellenic Shipping News:

Uruguay sees 80% chance of finding oil reserves
quote:

Uruguay has an 80 percent chance of finding oil reserves that are commercially viable for drilling, the president of Uruguay's state-run oil company said.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=31274:uruguay-sees-80-chance-of-finding-oil-reserves-&catid=30:eek:il-co mpanies-news&Itemid=225

CME Spot Prices:
Crude: $93.48 (July settle) $93.64 (August contract)
Brent Crude: $111.17
Natural Gas: $4.423
 
Dec 2, 2000
58,614
418
283
Easley South Carolina
From The Hellenic Shipping News:

Oil falls below $94 after mixed US supply report
quote:

Oil prices fell to below $94 a barrel Wednesday in Asia after a crude supply report reflected mixed signs about U.S. demand.Benchmark oil for August delivery was down 53 cents to $93.64 a barrel in electronic trading on the New York Mercantile Exchange.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=31434:eek:il-falls-below-94-after-mixed-us-supply-report&catid=30:eek:il-co mpanies-news&Itemid=225

CME Spot Prices:
Crude: $94.29
Brent Crude: $113.21
Natural Gas: $4.315
 
Dec 2, 2000
58,614
418
283
Easley South Carolina
From The Hellenic Shipping News:

Oil rises as Fed acknowledges economy's slow pace
quote:

Oil prices rose Wednesday after the Federal Reserve acknowledged that U.S. economic growth has slowed but should pick up again soon.Fed officials said in a statement that they believe the main causes of the economy's slowdown, such as high gas prices and supply disruptions from Japan's natural disaster, are temporary.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=31631:eek:il-rises-as-fed-acknowledges-economys-slow-pace&catid=30:eek:il-c ompanies-news&Itemid=225

CME Spot Prices:
Crude: $92.12
Brent Crude: $107.95
Natural Gas: $4.205
 
Dec 2, 2000
58,614
418
283
Easley South Carolina
From The Hellenic Shipping News:

OPEC will keep oil price above $90, says SocGen
quote:

The Organisation of Petroleum Exporting Countries will “start talking about cutting production”￾ if Brent crude falls below $100 a barrel, ensuring prices won’t go lower than $90, said Societe Generale.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=31892:eek:pec-will-keep-oil-price-above-90-says-socgen&catid=30:eek:il-comp anies-news&Itemid=225

CME Close:
Crude: $91.10
Brent Crude: $105.52
Natural Gas: $4.245
 
Dec 2, 2000
58,614
418
283
Easley South Carolina
From The Hellenic Shipping News:

Oil and Natural Gas Technical and Fundamental Analysis
quote:

Light Sweet Crude
The CL contract fell apart as it was announced that several countries were set to release oil reserves into the markets over the next 60 days. This extra 2 million barrels a day should help alleviate price for the short-term. However, there are many who think this is simply a desperate action, and that the ability to do much more will be diminished. The countries will have to turn around and buy all of that oil to replace the reserves after all.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=31983:eek:il-and-natural-gas-technical-and-fundamental-analysis-&catid=4 4:latest-news&Itemid=64

Comment: This coming week should be interesting to watch.
 
Dec 2, 2000
58,614
418
283
Easley South Carolina
From The Hellenic Shipping News:

Crude oil prices witness surge amid uprising in MENA
quote:

Amid popular uprising in the Middle East and North Africa (MENA) region and turbulence in currency markets, crude oil prices remained on the higher side in the outgoing FY11.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=32087:crude-oil-prices-witness-surge-amid-uprising-in-mena&catid=30:eek: il-companies-news&Itemid=225

CME Spot Prices (Asian Trading Ongoing)
Crude: $90.68
Brent Crude: $104.63
Natural Gas: $4.203
 
Dec 2, 2000
58,614
418
283
Easley South Carolina
From The Hellenic Shipping News:

POLL - IEA caps oil prices this year, 2012 spike looms
quote:

The industrialized world has likely capped oil prices for the rest of the year by releasing emergency reserves, a Reuters poll found, suggesting they have bought the world economy more time to mend.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=32242:poll-iea-caps-oil-prices-this-year-2012-spike-looms&catid=30:eek:i l-companies-news&Itemid=225

CME Spot Prices:
Crude: $90.91
Brent Crude: $105.99 (Settle)
Natural Gas: $4.275
 
Dec 2, 2000
58,614
418
283
Easley South Carolina
From The Hellenic Shipping News:

Oil above $91 as Greece austerity vote awaited
quote:

Oil prices rose above $91 a barrel Tuesday in Asia as investors mulled whether Greece will approve more austerity measures this week to receive the next round of international aid and avert a debt default.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=32410:eek:il-above-91-as-greece-austerity-vote-awaited&catid=30:eek:il-comp anies-news&Itemid=225

CME Spot Prices:
Crude: $91.64
Brent Crude: $108.35
Natural Gas: $4.366
 
Dec 2, 2000
58,614
418
283
Easley South Carolina
From The Hellenic Shipping News:

IEA beats speculators at their own game
quote:

The International Energy Agency (IEA) is not prepared to sit and watch what’s happening in world markets and on 23 June announced its surprising decision to release emergency crude supplies to contribute to well-supplied markets and ensure a soft landing for the world economy.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=32360:iea-beats-speculators-at-their-own-game&catid=30:eek:il-companies- news&Itemid=225

CME Spot Prices:
Crude: $92.87
Brent Crude: $108.78 (Settle)
Natural Gas: $4.357 (Settle)
 
Dec 2, 2000
58,614
418
283
Easley South Carolina
From The Hellenic Shipping News:

Why is the IEA tapping strategic reserves?
quote:

Just why did the United States and the International Energy Agency decide to release 60 million barrels of oil next month from their strategic petroleum reserves?
The answer is at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=32750:why-is-the-iea-tapping-strategic-reserves-&catid=30:eek:il-compani es-news&Itemid=225

CME Spot Prices:
Crude: $95.16
Brent Crude: $112.40 (Settle)
Natural Gas: $4.320
 
Dec 2, 2000
58,614
418
283
Easley South Carolina
From The Hellenic Shipping News:

Oil near $95 amid hopes for Greek debt resolution
quote:

Oil hovered below $95 a barrel Thursday in Asia after Greece's approval of a harsh austerity plan eased concerns about a spreading financial crisis in Europe.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=32847:eek:il-near-95-amid-hopes-for-greek-debt-resolution&catid=30:eek:il-c ompanies-news&Itemid=225

CME Spot Prices:
Crude: $94.99
Brent Crude: $112.48 (Settle)
Natural Gas: $4.377
 
Dec 2, 2000
58,614
418
283
Easley South Carolina
From The Hellenic Shipping News:

Oil prices slip below $95 on China production data
quote:

Oil dipped below $95 per barrel Friday after China reported manufacturing rose at the slowest pace in over two years in June, pointing to a possible slowdown in energy demand.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=33083:eek:il-prices-slip-below-95-on-china-production-data&catid=30:eek:il- companies-news&Itemid=225

CME Close:
Crude: $94.86
Brent Crude: $111.60
Natural Gas: $4.321
 
Dec 2, 2000
58,614
418
283
Easley South Carolina
From The Hellenic Shipping News:

U.S. expects to sell all 30 million barrels emergency oil
quote:

The government expects it will have no problems finding buyers for all 30 million barrels of oil it auctioned as part of a global effort to address high oil prices, an Obama administration official said.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=33263:us-expects-to-sell-all-30-million-barrels-emergency-oil&catid=3 0:eek:il-companies-news&Itemid=225
 

Similar threads