Headlines: • Crude Falls Monday Asian Session Down -11% Despite Early Production Cuts • Equities Across Asia Push Higher with Bank of Japan Announcing Further Stimulus • COT Reports Shows Increase in Light Crude Long Managed Money Positions for Week Past
- This week has seen the Natural Gas Storage Data post a build of 43bcf for the week. - This is slightly lower than last weeks numbers, however, is still recorded as a build for the week. - This is now the 3rd consecutive build we have seen
Headlines: - Natural Gas Storage Data Shows Build of 43bcf For the Week - Crude Continues to Push Higher up Near 20% as Drilling & Oil Output Slows - Total to Acquire Tullow’s Stake in Lake Albert Project in Uganda
Headlines - Oil Tracks Higher in Asia Pushing Past $15 Price Handle - Santos Q-1 Revenues Fall -14% Despite Strong Cooper Basin Production - Asian Energy Stocks Lead Indexes Higher Across the Region
Headlines - API Data Shows Crude Increase of 13.226 Million Barrels for the Week - Oil Whipsaws as Storage and Demand Issues Take Centre Stage - US Equities Fall Whilst Futures in Asia Set to Open Lower
- Gasoline has paired some gains heading into the new week with it falling down to the 0.6570 level as we near the London open. - Much of the pressure in lower prices has been due to the ongoing demand issues we are seeing within the United States, however, we have seen prices in recent week pick up from lows around mid-0.40 level. - As of this week, however, we...
Headlines: - Crude Flat in Asia Whilst US Futures Lower Nearing the Open - Santos Looks to Sell Stake in Barossa Gas Field Project as Company Signs Letter of Intent - Australian Unemployment Increases to 5.2% However Beats Forecasts
Headlines • EIA Inventories Release Shows Crude Build of 19.248 Million Barrels • IEA Reports Oil Demand in 2020 to Plummet as Lack of Demand Rocks Markets • Crude Plummets Below $20 Handle as IEA Shows Expected Demand to Fall
Headlines: - Crude Recovers Slightly in Asia Whilst Equities Relatively Flat - Baker Hughes to Cut Capital Expenditures by 20% - Exxon Pauses Its Australian Bass Strait Drilling Project
API Release this week has shown a gain up for the week with Gasoline posting a build of 2.226 million barrels
Headlines: - API Shows Crude Inventory Increase of 13.143 Million Barrels - Crude Falls to $20 Handle as API Coupled with Falling Demand Increases Pressure on Pricing - TOTAL Postpones Development of Offshore Preowei Project Nigeria
Headlines • COT Report Shows Increase in Light Crude Long Managed Money Positions • US & UK Futures Up as Markets Conclude Long Weekend Break Period • OMV Releases Positive Result for its Exploration Well in the Taranaki Basin
- Crude Futures Fall as Sentiment Surrounding Cuts Diminishes as Supply Glut Remains - Shell Halts Some Production Within its Gulf of Mexico Project Due to Exxon Pipeline Leak - Shell Pulls Its Interest from Russian Arctic Project
This week’s numbers have shown a build of 38 billion cubic feet for the week which does constitute for a build of 1.91% in total storage within the United States.
- Gasoline is now approaching the important 0.725 price handle once again - This level has been seen in the past as a level of strong price resistance
Headlines - Crude Futures Rise in Asia Ahead of Important OPEC+ Meeting - FTSE Futures Up Despite Lacklustre GDP Numbers Whilst Industrial Production Beats Estimates - Marathon Oil Announces Further Capital Expenditure Cuts
Headlines • EIA Inventories Post Higher Than Expected Crude Build of 15.177 Million Barrels • Oil Surges Above $26 Handle as Optimism of Global Production Cuts Increases • US Equities Gain as Energy Sector Leads Indexes Higher
Headlines • Crude Retraces Some Losses in Asia Finishing Higher • US Energy Giant Exxon to Cut Capital Spending by 30% Heading into 2020 • S&P Lowers Australia’s Sovereign Rating to Negative as They Expect Country to Enter Recession