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Crude rises as supplies reduced by OPEC+

4 days ago DieselGasoil Comments Off on Crude rises as supplies reduced by OPEC+
By Alex Longley and Sharon Cho on 12/11/2018 LONDON and SINGAPORE (Bloomberg) — Oil rose on renewed optimism that production cuts announced by the OPEC+ coalition will re-balance the market, while Libya’s biggest field remained shut and risky assets globally rallied.  Futures in New York gained as much as 1.7% after slumping 3.1% Monday amid Read More

Oil rises as OPEC+ talks continue in hunt for production deal

1 week ago DieselGasoil Comments Off on Oil rises as OPEC+ talks continue in hunt for production deal
By Alex Longley and Tsuyoshi Inajima on 12/7/2018 LONDON and TOKYO (Bloomberg) — Oil traded above $51/bbl as OPEC entered a second day of talks in an attempt to draw up a deal to cut output.  Russian Energy Minister Alexander Novak met with his Iranian and Saudi counterparts in Vienna in an attempt to broker Read More

‘The most hated precious metal’ to finally rise from ashes in the next few months

2 weeks ago DieselGasoil Comments Off on ‘The most hated precious metal’ to finally rise from ashes in the next few months
After a terrible year, silver is finally a great buying opportunity for investors, according to Boris Mikanikrezai, a precious metals analyst at Metal Bulletin. He forecasts silver to finally rise in the next few months. The analyst wrote in a Seeking Alpha post that silver disappointed many investors this year. “Silver has been the most Read More

Crude futures: Scotiabank sees hopes of OPEC supply cut hold up oil complex

4 weeks ago DieselGasoil Comments Off on Crude futures: Scotiabank sees hopes of OPEC supply cut hold up oil complex
New York — The oil complex was firmly in positive territory during Friday morning trading, led by ICE January Brent, which was up $1.34 at $67.96/b. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now 1540 GMT: Prompt NYMEX December WTI was up $1.27 at $57.73/b. Product futures were stronger Read More

US rig count rises by 21 on week to 1,200

1 month ago DieselGasoil Comments Off on US rig count rises by 21 on week to 1,200
Highlights Operators deploy 11 more gas rigs week on week High gas prices, low storage motivating producers Houston — The US oil and natural gas rig count surged by 21 this week to 1,200, the highest total since early 2015, with gas-oriented rigs accounting for the bulk of the additions, according to data by S&P Read More

Analyis: Crude stocks soar amid record production, nearly flat refinery runs

1 month ago DieselGasoil Comments Off on Analyis: Crude stocks soar amid record production, nearly flat refinery runs
Highlights Crude stocks add 10.27 million barrels Refinery runs edge up to 90.1% of capacity Refined product demand rockets to multi-decade high New York — US crude supply increased to a 48-week high last week on the back of record-high production and languishing Refinery runs, Energy Information Administration data showed Thursday. Not registered? Receive daily Read More

Questions remain over UAE imports of Iranian condensate amid US sanctions

1 month ago DieselGasoil Comments Off on Questions remain over UAE imports of Iranian condensate amid US sanctions
Houston — The benchmark Western Canadian heavy sour crude was trading slightly lower Thursday, one day after having set a record low price on an outright basis, according to market sources and S&P Global Platts data. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Western Canadian Select at Hardisty, Read More

Canada's heavy sour WCS differential lower after outright price record low: trade

1 month ago DieselGasoil Comments Off on Canada's heavy sour WCS differential lower after outright price record low: trade
Houston — The benchmark Western Canadian heavy sour crude was trading slightly lower Thursday, one day after having set a record low price on an outright basis, according to market sources and S&P Global Platts data. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Western Canadian Select at Hardisty, Read More

Mexican imports of US crude a win for Pemex: CEO Carlos Trevino

1 month ago DieselGasoil Comments Off on Mexican imports of US crude a win for Pemex: CEO Carlos Trevino
New York — Implied volatility for NYMEX crude options across the front three months was trading above 40% Wednesday, CQG data showed, signaling downside risk has not abated despite the rebound in prompt crude prices. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Second-month NYMEX January crude appeared to Read More

Crude options: Implied volatility signals downside crude risk remains

1 month ago DieselGasoil Comments Off on Crude options: Implied volatility signals downside crude risk remains
New York — Implied volatility for NYMEX crude options across the front three months was trading above 40% Wednesday, CQG data showed, signaling downside risk has not abated despite the rebound in prompt crude prices. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Second-month NYMEX January crude appeared to Read More