LONDON (Reuters) by Ekaterina Kravtsova – Changing gas price dynamics caused by an influx of liquefied natural gas (LNG) to Europe have played into Russian producer Gazprom’s hands and enabled it to increase pipeline flows to the continent so far this year. Gazprom is moving determinedly with spot gas sales... continue reading
Airlines live and die on fuel prices – when the price of oil (and the jet fuel derived from that oil) is high, you’ll see lot of headlines about massive losses in the airline sector. When oil prices are low, the story lines switch to “best revenues in X number... continue reading
NEW YORK (Reuters) by Laila Kearney – Oil fell about 3 percent on Monday, its biggest one-day percentage drop in a month, after an increase in U.S. crude drilling pointed to further supply growth amid continuing concerns about a global economic slowdown. Brent crude oil futures sank $1.71, or 2.8... continue reading
(Reuters) – The United States is on track to produce more crude oil and liquids than Russia and Saudi Arabia put together by 2025, consultancy Rystad Energy said on Thursday. U.S. liquids output is expected to surpass 24 million barrels per day over the next six years, Rystad said, assuming... continue reading
LONDON (Reuters) by Andy Home – (The opinions expressed here are those of the author, a columnist for Reuters.) Investors have fled the industrial metals markets as previous trading strategies have been overwhelmed by macro uncertainty. That’s the clear take-away from an analysis of last year’s trading volumes on the... continue reading
Social media have become a very popular medium and arguably a relatively untapped source of potentially useful intelligence for commodity businesses. Twitter and industry expert blogs are already utilized in other asset classes, such as equities, to provide traders with both trading signals and sentiment analysis. Unfortunately, the flood of... continue reading
FRANKFURT (Reuters) by Vera Eckert – Renewables overtook coal as Germany’s main source of energy for the first time last year, accounting for just over 40 percent of electricity production, research showed on Thursday. The shift marks progress as Europe’s biggest economy aims for renewables to provide 65 percent of... continue reading
NEW YORK (Reuters) byStephanie Kelly – Oil prices rose about 2 percent in choppy trading on Wednesday, supported by a slight recovery on Wall Street, even as concerns remained about weakening global economic growth which could hurt demand for oil. Brent crude LCOc1 futures gained $1.11, or 2.1 percent, to... continue reading
SINGAPORE (Reuters) by Jessica Jaganathan – Asian spot prices for liquefied natural gas (LNG) slipped this week amid thin trade, though monthly deliveries into Northeast Asia climbed to a record in December as colder-than-normal temperatures are expected this week. Spot prices for February delivery to Asia dropped to $9.10 per... continue reading
SAN JOSE DE BARLOVENTO, Venezuela (Reuters) by Luc Cohen – Venezuela cocoa trader Freddy Galindo has battled highway robberies, kidnappings of family members and declining quality in his 19 years exporting the nation’s legendary beans. This year’s harvest brought a new worry: meddling by the socialist government. He said trucks... continue reading
Austin, Texas (December 20, 2018) – Drillinginfo, the leading energy SaaS and data analytics company, announced today it will acquire Cortex, a Network-as-a-Service company that enables automation of accounts payable and receivable (AP and AR) processes for the oil and gas industry. Drillinginfo’s announcement arrives nearly three months after its... continue reading
As the new year dawns, we at ComTech are watching developments on a number of fronts. That said, we’ve picked out five that could be bellwethers of the trajectory of the ETRM/CTRM markets in 2019 and beyond: CTRM Demand and Global Economic Uncertainty Global economic developments will likely determine how... continue reading
NEW YORK (Reuters) by Stephanie Kelly – Oil prices dropped about 2 percent on Friday, weighed down by falling U.S. stock markets, while weak economic data from China pointed to lower fuel demand in the world’s biggest oil importer. Brent crude futures fell $1.17 to settle at $60.28 a barrel,... continue reading
LONDON (Reuters) by John Kemp – The weakening outlook for oil consumption coupled with rising output from U.S. shale and softer than expected U.S. sanctions on Iran have convinced most traders the market is moving into a period of oversupply. In the run up to last week’s OPEC meeting in... continue reading
SINGAPORE (Reuters) by Jessica Jaganathan and Henning Gloystein – Asian markets for liquefied natural gas (LNG) and oil are closely related, and both now awash in oversupply. But while data shows forward oil prices rising, LNG prices for future delivery are veering in the opposite direction. This makes it unprofitable for... continue reading
(Reuters) by David Gaffen – The United States last week exported more crude oil and fuel than it imported for the first time on record, according to data released on Thursday, the same day OPEC ended a meeting without a decision to curb global output to balance out the historic surge... continue reading