The Oil and Gas Markets


Dec 2, 2000
58,619
423
283
Easley South Carolina
From The Hellenic Shipping News:

Oil to Reverse Gains This Week as Debt Woes Weigh: Survey
quote:

Oil prices will likely reverse the gains made in the past three weeks as debt woes in both the U.S. and Europe continue to weigh on sentiment, CNBC's weekly survey of market sentiment showed.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=36198:eek:il-to-reverse-gains-this-week-as-debt-woes-weigh-survey&catid= 30:eek:il-companies-news&Itemid=225

CME Spot Prices:
Crude: $95.95
Brent Crude: $116.22
Natural Gas: $4.558
 
Dec 2, 2000
58,619
423
283
Easley South Carolina
Dec 2, 2000
58,619
423
283
Easley South Carolina
From The Hellenic Shipping News:

IEA not decided on second oil release: Tanaka
quote:

The International Energy Agency has not yet decided whether to conduct a second release of emergency oil reserves by member countries, executive director Nobuo Tanaka said on Tuesday.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=36421:iea-not-decided-on-second-oil-release-tanaka&catid=30:eek:il-compa nies-news&Itemid=225

CME Spot Prices:
Crude: $98.43
Brent Crude: $117.86
Natural Gas: $4.557
 
Dec 2, 2000
58,619
423
283
Easley South Carolina
From The Hellenic Shipping News:

Oil rises above $98 after US crude supply drop
quote:

Oil prices rose to above $98 a barrel Wednesday in Asia after a report showed U.S. crude supplies dropped more than expected, a sign that demand may be improving.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=36593:eek:il-rises-above-98-after-us-crude-supply-drop&catid=30:eek:il-comp anies-news&Itemid=225

CME Spot Prices:
Crude: $98.63
Brent Crude: $118.08
Natural Gas: $4.452
 
Dec 2, 2000
58,619
423
283
Easley South Carolina
From The Hellenic Shipping News:

Barclays: Strong oil market fundamentals through spread tightening
quote:

Oil prices moved lower in yesterday’s trading and remain under pressure from external forces, namely macroeconomic factors, with concerns about European debt and softer US data weighing on sentiment.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=36709:barclays-strong-oil-market-fundamentals-through-spread-tighteni ng-&catid=30:eek:il-companies-news&Itemid=225

CME Spot Prices:
Crude: $98.33
Brent Crude: $118.35
Natural Gas: $4.517
 
Dec 2, 2000
58,619
423
283
Easley South Carolina
From The Hellenic Shipping News:

Oil falls below $98 as US debt deadline looms
quote:

Oil prices fell below $98 a barrel Thursday in Asia as a stalemate dragged on among U.S. lawmakers over raising the country's debt ceiling and a survey showed a contraction in China's manufacturing.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=36827:eek:il-falls-below-98-as-us-debt-deadline-looms&catid=30:eek:il-compa nies-news&Itemid=225

CME Spot Prices:
Crude: $99.75
Brent Crude: $118.79
Natural Gas: $4.461

Comment: Didn't stay down long, did it?
 
Dec 2, 2000
58,619
423
283
Easley South Carolina
From The Hellenic Shipping News:

Expect crude oil prices to weaken in 2H 2011: BofAML
quote:

Expect Crude Oil prices to weaken in second half of 200 thanks to some recent shifts in demand and supply, according to an assessment by Bank of America-Merrill Lynch (BofAML).
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=36889:expect-crude-oil-prices-to-weaken-in-2h-2011-bofaml-&catid=30:eek: il-companies-news&Itemid=225

CME Spot Prices:
Crude: $99.59
Brent Crude: $117.51 (Settle)
Natural Gas: $4.388
 
Dec 2, 2000
58,619
423
283
Easley South Carolina
Dec 2, 2000
58,619
423
283
Easley South Carolina
From The Hellenic Shipping News:

No Matter What IEA Does, Oil Will Still Fall: Economist
quote:

Oil prices got some support on Thursday on news the International Energy Agency (IEA) has decided against releasing more oil from its emergency reserves. One economist, however, believes it doesn’t matter what the IEA does, oil prices are still headed lower.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=37185:no-matter-what-iea-does-oil-will-still-fall-economist&catid=30: oil-companies-news&Itemid=225

CME Close:
Crude: $99.73
Brent Crude: $118.73
Natural Gas: $4.379
 
Dec 2, 2000
58,619
423
283
Easley South Carolina
Dec 2, 2000
58,619
423
283
Easley South Carolina
From The Hellenic Shipping News:

Oil majors seen posting higher profits
quote:

A roughly 26% increase in crude oil prices will drive wider profits for major petroleum producers in the second quarter earnings season, as Exxon Mobil, Chevron and ConocoPhillips get ready to update Wall Street on their bottom line in coming days.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=37289:eek:il-majors-seen-posting-higher-profits-&catid=30:eek:il-companies- news&Itemid=225

CME Spot Prices (Asian trading ongoing):
Crude: $98.84
Brent Crude: $117.99
Natural Gas: $4.412

Comment: With the debt crisis in the USA colouring everything, this week is promising a very rough ride for investors!
 
Dec 2, 2000
58,619
423
283
Easley South Carolina
From The Hellenic Shipping News:

Oil falls to near $99 as US debt talks stall
quote:

Oil prices fell to near $99 a barrel Monday in Asia amid investor concern that the lack of an agreement among U.S. lawmakers to raise the country's debt limit could trigger a default and damage the global economy.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=37460:eek:il-falls-to-near-99-as-us-debt-talks-stall&catid=30:eek:il-compan ies-news&Itemid=225

CME Spot Prices:
Crude: $99.20
Brent Crude: $118.10
Natural Gas: $4.363
 
Dec 2, 2000
58,619
423
283
Easley South Carolina
From The Hellenic Shipping News:

Oil at $120 Now Biggest Bet as Futures Leave Forecasters Behind
quote:

The biggest bet in the oil market has become a 20 percent increase to $120 by the end of the year as global growth drives demand for raw materials.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=37515:eek:il-at-120-now-biggest-bet-as-futures-leave-forecasters-behind- &catid=30:eek:il-companies-news&Itemid=225

CME Spot Prices:
Crude: $99.50
Brent Crude: $117.94 (Settle)
Natural Gas: $4.367

Comment: Just watch the fireworks if the dollar tanks!
 
Dec 2, 2000
58,619
423
283
Easley South Carolina
From The Hellenic Shipping News:

Oil rises to near $100 as US debt talks drag on
quote:

Oil prices rose to near $100 a barrel Tuesday in Asia, boosted by a weaker dollar as talks among U.S. leaders made little progress ahead of next week's deadline to raise the government debt limit.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=37674:eek:il-rises-to-near-100-as-us-debt-talks-drag-on&catid=30:eek:il-com panies-news&Itemid=225

CME Spot Prices:
Crude: $99.29
Brent Crude: $118.28 (Settle)
Natural Gas: $4.343
 
Dec 2, 2000
58,619
423
283
Easley South Carolina
From The Hellenic Shipping News:

Oil hovers above $99 after US crude supply jump
quote:

Oil prices hovered above $99 a barrel Wednesday in Asia after a report showed U.S. crude supplies unexpectedly jumped last week, suggesting demand may be weakening.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=37919:eek:il-hovers-above-99-after-us-crude-supply-jump&catid=30:eek:il-com panies-news&Itemid=225

CME Spot Prices:
Crude: $96.83
Brent Crude: $117.43 (Settle)
Natural Gas: $4.317
 
Dec 2, 2000
58,619
423
283
Easley South Carolina
From The Hellenic Shipping News:

Oil hovers above $97 amid US crude supply jump
quote:

Oil prices hovered above $97 a barrel Thursday in Asia as the release of U.S. emergency crude reserves boosted commercial inventories.Benchmark oil for September delivery was up 3 cents to $97.43 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=38176:eek:il-hovers-above-97-amid-us-crude-supply-jump&catid=30:eek:il-comp anies-news&Itemid=225

CME Spot Prices:
Crude: $97.09
Brent Crude: $117.36 (Settle)
Natural Gas: $4.231
 
Dec 2, 2000
58,619
423
283
Easley South Carolina
From The Hellenic Shipping News:

Oil below $97 as US debt limit deadline nears
quote:

Oil prices fell below $97 a barrel Friday in Asia as U.S. leaders failed to agree to lift the government debt limit just days from a deadline, leaving investors to mull worst-case scenarios if a default occurs.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=38396:eek:il-below-97-as-us-debt-limit-deadline-nears&catid=30:eek:il-compa nies-news&Itemid=225

CME Close:
Crude: $96.05
Brent Crude: $116.70
Natural Gas: $4.150

Comment: Watch the fireworks next week if the government goes into default.
 
Dec 2, 2000
58,619
423
283
Easley South Carolina
Dec 2, 2000
58,619
423
283
Easley South Carolina
From The Hellenic Shipping News:

Politics twists oil's route from well to gas tank
quote:

Politics have long skewed oil supply lines, but this year's confluence of events have bent the route from the well to the gas tank so far out of shape that West African oil is going to a refiner in Taiwan to make diesel for Brazilian truckers.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=38694:politics-twists-oils-route-from-well-to-gas-tank&catid=30:eek:il-c ompanies-news&Itemid=225

CME Spot Prices (Asian trading ongoing)
Crude: $96.87
Brent Crude: $118.00
Natural Gas: $4.159

Comment: Yes, a budget deal to avoid a default on the debt was reached in Washington. Where the markets go now will depend on whether it gets passed. There's nothing more uncertain then a sure thing.
 
Dec 2, 2000
58,619
423
283
Easley South Carolina
From The Hellenic Shipping News:

Oil rises above $97 after US debt deal reached
quote:

Oil prices rose above $97 a barrel Monday in Asia after U.S. lawmakers struck a last-minute agreement to raise the government's debt limit, avoiding a default.
More at http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=38792:eek:il-rises-above-97-after-us-debt-deal-reached&catid=30:eek:il-comp anies-news&Itemid=225

CME Spot Prices:
Crude: $94.18
Brent Crude: $115.62
Natural Gas: $4.182

Comment: WTF???????
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