The Oil and Gas Markets


Dec 2, 2000
58,591
386
283
Easley South Carolina
From The Hellenic Shipping News:

Get Ready for $150 Oil
quote:

The U.S. economy is never completely ready for higher oil prices, which is one reason they take a nasty economic toll when they arrive. But readiness can be enhanced by awareness of the likely outlook for petroleum prices—and the outlook today is relatively grim, although probably not disastrous.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=33381:get-ready-for-150-oil-&catid=30:eek:il-companies-news&Itemid=225

CME Spot Prices (Asian Trading Ongoing)
Crude: $95.43
Brent Crude: $111.77 (Settle)
Natural Gas: $4.310
 
Dec 2, 2000
58,591
386
283
Easley South Carolina
From The Hellenic Shipping News:

Oil's upward March
quote:

When OPEC members met in Vienna recently, the Saudis failed to control the meeting, OPEC's production ceiling remained unchanged, and member countries are setting their own output levels.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=33534:eek:ils-upward-march-&catid=30:eek:il-companies-news&Itemid=225

CME Spot Prices (Asian Trading Ongoing)
Crude: $94.79
Brent Crude: $111.74
Natural Gas: $4.313

Comment: I expect things will be a bit more active when the American markets reopen from the holiday break.
 
Dec 2, 2000
58,591
386
283
Easley South Carolina
From The Hellenic Shipping News:

Oil hovers below $95 amid stronger US dollar
quote:

Oil prices hovered below $95 a barrel Tuesday in Asia as a stronger U.S. dollar made crude more expensive for investors with other currencies.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=33697:eek:il-hovers-below-95-amid-stronger-us-dollar&catid=30:eek:il-compan ies-news&Itemid=225

CME Spot Prices:
Crude: $96.39
Brent Crude: $113.06
Natural Gas: $4.302

Comment: So much for the price drop!
 
Dec 2, 2000
58,591
386
283
Easley South Carolina
From The Hellenic Shipping News:

Saudi Arabia May Cut Output If Crude Drops to $90, Nomura Says
quote:

Members of the Organization of Petroleum Exporting Countries including Saudi Arabia may reduce production if crude drops to less than $90 a barrel, Nomura Holdings Inc. said.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=33768:saudi-arabia-may-cut-output-if-crude-drops-to-90-nomura-says-&c atid=30:eek:il-companies-news&Itemid=225

CME Spot Prices:
Crude: $97.51
Brent Crude: $113.61 (Settle)
Natural Gas: $4.347
 
Dec 2, 2000
58,591
386
283
Easley South Carolina
From The Hellenic Shipping News:

Oil will hit $150 in U.S. despite IEA —Guild
quote:

The price of physical crude oil will hit $150 a barrel this year in the United States due to unrest in North Africa and the Middle East, despite the emergency oil stock release coordinated by the International Energy Agency (IEA), a U.S. fund manager said.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=34232:eek:il-will-hit-150-in-us-despite-iea-guild&catid=30:eek:il-companies -news&Itemid=225

CME Spot Prices:
Crude: $98.90
Brent Crude: $118.59 (Settle)
Natural Gas: $4.152
 
Dec 2, 2000
58,591
386
283
Easley South Carolina
From The Hellenic Shipping News:

Analysts: Oil Flirts With $100; What Will A Push Higher Mean?
quote:

With crude oil prices flirting with the psychological $100 level Thursday, there was great debate about what a sustained push higher might mean for financial markets.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=34528:analysts-oil-flirts-with-100-what-will-a-push-higher-mean&catid =30:eek:il-companies-news&Itemid=225

CME Close:
Crude: $96.47
Brent Crude: $118.20
Natural Gas: $4.225
 
Dec 2, 2000
58,591
386
283
Easley South Carolina
From The Hellenic Shipping News:

Iraq’s Oil Output Rises After CNPC Starts Pumping at Ahdab Field
quote:

Iraq, holder of the world’s fifth- largest crude reserves, is pumping more than 2.8 million barrels a day after production started at the Al-Ahdab oil field, Oil Minister Abdul Kareem al-Luaibi said.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=34573:iraqs-oil-output-rises-after-cnpc-starts-pumping-at-ahdab-field &catid=30:eek:il-companies-news&Itemid=225
 
Dec 2, 2000
58,591
386
283
Easley South Carolina
From The Hellenic Shipping News:

Speculators and oil prices: conspiracy or coincidence?
quote:

How do you explain an oil price near $100 a barrel in the midst of a slowing global economy? Blame the speculators. That’s become the easy answer to the wild swings of crude prices in recent years — in no small part because the record price levels and heightened volatility in oil have coincided with a dramatic increase in the trading of oil derivatives in commodity futures markets, particularly by speculative traders who have no commercial involvement in the oil industry.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=34692:speculators-and-oil-prices-conspiracy-or-coincidence-&catid=30: oil-companies-news&Itemid=225

CME Spot Prices (Asian trading ongoing)
Crude: $95.70
Brent Crude: $118.33 (Settle)
Natural Gas: $4.234
 
Dec 2, 2000
58,591
386
283
Easley South Carolina
From The Hellenic Shipping News:

Oil falls below $95 after weak US jobs report
quote:

Oil prices fell below $95 a barrel Monday in Asia amid signs the U.S. economy is struggling.Benchmark oil for August delivery was down $1.33 to $94.87 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. Crude gave up $2.47 to settle at $96.20 on Friday.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=34803:eek:il-falls-below-95-after-weak-us-jobs-report&catid=30:eek:il-compa nies-news&Itemid=225

CME Spot Prices:
Crude: $94.85
Brent Crude: $116.83
Natural Gas: $4.267
 
Dec 2, 2000
58,591
386
283
Easley South Carolina
From The Hellenic Shipping News:

Oil Speculators Distorting Shipping Market -China Cosco Executive
quote:

State-owned China Ocean Shipping (Group) Co. said Monday that oil-price speculators are currently the biggest headache for the global shipping industry, rather than an oversupply of vessels that has limited a recovery in freight rates.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=34935:eek:il-speculators-distorting-shipping-market-china-cosco-executiv e-&catid=44:latest-news&Itemid=64

CME Spot Prices:
Crude: $94.49
Brent Crude: $117.24 (Settle)
Natural Gas: $4.298
 
Dec 2, 2000
58,591
386
283
Easley South Carolina
From The Hellenic Shipping News:

OPEC: Crude Output Growing, Oil Demand Outlook Uncertain
quote:

The Organization of Petroleum Exporting Countries said in its monthly report Tuesday that its oil production increased to 29.6 million barrels a day in June, 0.5 million barrels a day higher than May, as Saudi Arabia and other Arab members in the Gulf region raised their output.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=35104:eek:pec-crude-output-growing-oil-demand-outlook-uncertain-&catid=3 0:eek:il-companies-news&Itemid=225

CME Spot Prices:
Crude: $97.22
Brent Crude: $117.50
Natural Gas: $4.325
 
Dec 2, 2000
58,591
386
283
Easley South Carolina
From The Hellenic Shipping News:

Oil falls to near $97 as US crude supplies jump
quote:

Oil prices fell to near $97 a barrel Wednesday in Asia after a report showed U.S. crude supplies unexpectedly rose last week, suggesting demand is weak.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=35265:eek:il-falls-to-near-97-as-us-crude-supplies-jump&catid=44:latest- news&Itemid=64

CME Spot Prices:
Crude: $98.26
Brent Crude: $119.08
Natural Gas: $4.400

Comment: Didn't stay down long, did it?
 
Dec 2, 2000
58,591
386
283
Easley South Carolina
From The Hellenic Shipping News:

Japan oil demand may rise on nuclear uncertainty
quote:

Japan's crude and fuel oil demand this summer may increase more than expected due to uncertainty over the restart of nuclear reactors, even as reconstruction gathers pace, the International Energy Agency said Wednesday.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=35332:japan-oil-demand-may-rise-on-nuclear-uncertainty-&catid=30:eek:il- companies-news&Itemid=225

CME Spot Prices:
Crude: $97.74
Brent Crude: $118.78 (Settle)
Natural Gas: $4.380
 
Dec 2, 2000
58,591
386
283
Easley South Carolina
From The Hellenic Shipping News:

Oil above $98 as investors eye US stimulus, debt
quote:

Oil prices hovered above $98 a barrel Thursday in Asia amid speculation about a possible new round of U.S. monetary stimulus while a rating agency put the country's credit rating under review for a downgrade.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=35500:eek:il-above-98-as-investors-eye-us-stimulus-debt&catid=30:eek:il-com panies-news&Itemid=225

CME Spot Prices:
Crude: $97.41
Brent Crude: $118.22
Natural Gas: $4.305
 
Dec 2, 2000
58,591
386
283
Easley South Carolina
From The Hellenic Shipping News:

Oil crisis simulation underlines lack of US policy
quote:

The cable news headlines were fictional, the cabinet members were played by ex-officials, but the message was real: Don't wait until crisis hits a major oil exporter to hammer out U.S. energy policy.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=35625:eek:il-crisis-simulation-underlines-lack-of-us-policy&catid=30:eek:il -companies-news&Itemid=225

CME Spot Prices:
Crude: $95.76
Brent Crude: $118.32 (Settle)
Natural Gas: $4.417
 
Dec 2, 2000
58,591
386
283
Easley South Carolina
From The Hellenic Shipping News:

Oil above $95 after Bernanke stimulus comments
quote:

Oil prices hovered above $95 a barrel Friday in Asia after Federal Reserve Chairman Ben Bernanke said another round of monetary stimulus was not imminent.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=35737:eek:il-above-95-after-bernanke-stimulus-comments&catid=44:latest-n ews&Itemid=64

CME Spot Prices:
Crude: $96.86
Brent Crude: $116.66
Natural Gas: $4.489
 
Dec 2, 2000
58,591
386
283
Easley South Carolina
From The Hellenic Shipping News:

Petrobras Says Brazil Oil Reserves Similar Size to North Sea
quote:

Brazil’s oil reserves, including recent discoveries in deep waters of the Atlantic Ocean, are of a similar size to those found in the North Sea, said an exploration official at Petroleo Brasileiro SA. (PETR4).
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=35797:petrobras-says-brazil-oil-reserves-similar-size-to-north-sea-&c atid=30:eek:il-companies-news&Itemid=225

CME Close:
Crude: $97.38
Brent Crude: $117.28
Natural Gas: $4.550
 
Dec 2, 2000
58,591
386
283
Easley South Carolina
From The Hellenic Shipping News:

Colombia stakes its claim as major oil producer
quote:

Pumping more than 900,000 barrels of barrels of crude each day, Colombia is poised to become a major oil producer in coming years, experts say."At present, there are only five countries in the world whose production of oil is actually rising, and one of those is Colombia," said John Francis Scott, director of the Canadian company Petrominerales.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=35899:colombia-stakes-its-claim-as-major-oil-producer-&catid=30:eek:il-c ompanies-news&Itemid=225
 
Dec 2, 2000
58,591
386
283
Easley South Carolina
From The Hellenic Shipping News:

Oil prices seen higher in Q3
quote:

Oil prices are expected to strengthen further in the third quarter of 2011 because of strong demand and this will keep business mood in Saudi Arabia high, according to the Gulf Kingdom’s largest bank.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=35982:eek:il-prices-seen-higher-in-q3-&catid=30:eek:il-companies-news&Itemi d=225

CME Spot Prices (Asian trading ongoing):
Crude: $97.05
Brent Crude: $117.26 (Settle)
Natural Gas: $4.558
 
Dec 2, 2000
58,591
386
283
Easley South Carolina
From The Hellenic Shipping News:

Oil below $97 amid debt crisis, US economy jitters
quote:

Oil prices slipped below $97 a barrel Monday in Asia as weakening U.S. consumer confidence and more signs of financial stress in Europe kept a lid on buying appetite.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=36143:eek:il-below-97-amid-debt-crisis-us-economy-jitters&catid=30:eek:il-c ompanies-news&Itemid=225

CME Spot Prices:
Crude: $95.36
Brent Crude: $116.00 (Sept contract)
Natural Gas: $4.585
 

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