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U.S. Oil And Gas Production Again On A Record Pace
Article By:
Robert Rapier
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Friday, May 3, 2024 12:45 PM EDT
Last year marked a record for U.S. oil production with an average daily production of 12.93 million barrels per day. However, current data shows that average daily production in 2024 is 13.12 million bpd — 7.1% ahead of the level of a year ago.
Natural Gas Prices Are Negative, Giving Existing Oil And Gas Infrastructure The Advantage
Article By:
Brad Thomas
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Friday, May 3, 2024 11:30 AM EDT
Today, I’ll tell you what's causing the glut in oil and gas, explain why these companies are paying to have their natural gas taken away, and show you one way to profit from natural gas while collecting a reliable high yield.
In this article: MLPX
The Commodities Feed - European Gas Rallies
Article By:
ING Economics
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Friday, May 3, 2024 7:11 AM EDT
European natural gas prices rallied yesterday despite comfortable storage and a bearish outlook. The move higher in crude oil was more modest, after several bearish developments over the week
In-Depth Analysis Of Current Economic Indicators And Interest Rate Projections
Article By:
The Private Banker
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Thursday, May 2, 2024 5:23 AM EDT
Interest rate futures, as captured, indicate minimal expectation for rate cuts within the year, reflecting a market adaptation to an extended period of higher rates.
Crude Oil Recedes Post-Fed, WTI Tumbles Below $80
Article By:
Joshua Gibson
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Wednesday, May 1, 2024 7:50 PM EDT
West Texas Intermediate (WTI) US Crude Oil fell below $80.00 per barrel on Wednesday as US Crude Oil supply continues to overwhelm demand, and the US Federal Reserve (Fed) remains hobbled on the path forward toward rate cuts.
WTI Remains Under Selling Pressure Below $81.00 Amid Unexpected Oil Stockpile Build
Article By:
Lallalit Srijandorn
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Wednesday, May 1, 2024 1:40 AM EDT
Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $80.80 on Wednesday. The black gold edges lower on rising crude inventories in the United States and easing geopolitical tensions in the Middle East.
The Commodities Feed: Speculators Dump Oil
Article By:
ING Economics
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Monday, April 29, 2024 5:53 AM EDT
The oil market has started the trading week under pressure with geopolitical risks continuing to ease. However, fundamentals remain constructive, which should limit the downside. Copper prices broke above US$10kt for the first time since 2022.
Natural Gas: Buying The Dip
Article By:
Dimitris Kontoulis
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Sunday, April 28, 2024 8:20 AM EDT
Natural gas on the Nymex had a very volatile week before closing 3% lower than the previous one at $1.92. EIA reported on Thursday a build of 92 Bcf in working underground stocks.
Chevron’s Mixed Q1: $2.93 Adj. EPS, $48.72 B In Revenue
Article By:
The Tokenist
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Friday, April 26, 2024 8:00 AM EDT
Chevron Corporation reported its Q1 earnings for 2024.
In this article: CVX
Meta Takes A Guidance Slide Amidst The Battle Between Yields And Earnings
Article By:
Stephen Innes
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Wednesday, April 24, 2024 7:51 PM EDT
Tokyo desks are currently on high alert for any signs of intervention ahead of Friday's BOJ meeting, waiting for the “BOJQ on 20 million pls” to come through on the direct dealer machine.
Crude Oil Commentary - Wednesday, April 24
Article By:
James Harte
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Wednesday, April 24, 2024 7:45 AM EDT
Oil prices continue to battle it out around the 82.59 level. Following a correction lower over the last two weeks, price has been attempting to get back above the level in recent sessions.