Hints and tips:
...Brent crude, the international benchmark, breached $97 dollar a barrel for the first time since November 2022, while the US equivalent West Texas Intermediate went above $95 dollars per barrel....
...International benchmark Brent crude, and US equivalent WTI, gained 2.1 and 2.5 per cent, respectively....
...First, the liquefied natural gas export boom has increased access to lucrative international markets....
...For one, prices are not extraordinarily high right now; the US WTI benchmark is trading at about $84 a barrel....
...Crude oil, the international benchmark, is today trading up $2.46 a barrel at $125.64. WTI, the US benchmark, gained $2.16 to $121.56 a barrel....
...In his account Michel shows how derelict factories in America’s rust belt bizarrely became conduits for laundering dirty money....
...US marker WTI sank by a similar margin to under $60 a barrel....
...Opec and its allies, led by Russia, are holding meetings this week, at which they are widely expected to agree an extension — of some kind — of their oil supply cuts until deep into 2021....
...Analysts believe a lack of available storage capacity at the WTI contract’s delivery point of Cushing, Oklahoma — known as the Pipeline Crossroads of the World — set off panic among traders holding derivative...
...So far, operators are holding the line....
...Brent, the international benchmark, has lost almost $5 a barrel this week but stabilised on Friday, rising more than 2 per cent to above $28 a barrel by late afternoon trading....
...Brent, the international benchmark, dropped about 9 per cent to a 17-year low of $26 a barrel....
...Those still holding oil & gas stocks are aware of the sector’s challenges....
...Their record could look even better soon, given the carnage in oil — and the likelihood that energy company defaults could rise soon due to the crash in West Texas Intermediate (WTI) (which has fallen by...
...Mr Trump won 61 per cent of the vote in Arkansas and, buoyed by support in other rust belt and southern states, took the White House....
...“ICE would love this to be a giant contract,” says Campbell Faulkner, chief data analyst at OTC Global Holdings, a Houston-based energy broker....
...Chad Bown, a senior fellow at the Peterson Institute for International Economics, said many companies were reluctant to commit to investments until they had a clearer sense of US policy aims....
...That’s part of the reason why there’s such a big gap between the price of Brent crude, the international benchmark, and the main US market, West Texas Intermediate (WTI)....
...The Treasury’s Government Account (TGA) deposits at the Fed, another line item on the liability side of the balance sheet, does not rust the plumbing....
...In the meantime, Brent crude, the international benchmark, is holding the $75 a barrel mark it re-took on Monday, its highest in almost four years. It is down 0.9 per cent on the session at $75.50....
...The International Energy Agency this week published its 2018 World Energy Outlook, its doorstopping 661-page overview of everything from European LNG terminals to Chinese power utilities to US shale, and...
...But I’ve stopped holding my breath. I have started to worry that those guys are sitting in their corners and not coming out.”...
...Germany’s Dialog Semiconductor is down 1.1 per cent and ASM International is down 0.8 per cent....
...Ahead of European trading on Tuesday, Brent edged down 0.1 per cent to $64.22, while WTI was 0.1 per cent lower at $57.32....
...Stephen Brennock at PVM oil brokerage in London said oil appeared to be suffering from “rally fatigue” with funds holding 925m barrels of combined bullish positions in Brent and WTI....
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