Yesterday, crude closed at the lowest level since mid-October, with the coronavirus threatening global energy demand. Alarm over the potential for China’s coronavirus to limit travel and economic activity has already pushed oil prices down by approximately 10% since early last week. The death toll from the coronavirus rose to 81 and the Chinese government […]
Pandemic threats are keeping markets on high alert this morning, and prices are plummeting out of fear that demand may grind to a standstill in China. With concerns escalating, we’ll focus today on review what a coronavirus is and why it’s impacting oil markets: What Is a Coronavirus? The coronavirus is actually a family of […]
Nat Gas News U.S. LNG Booms As Natural Gas Prices Crash Natural Gas Intel reported: Despite the current oversupply and depressed natural gas prices all over the world, the global liquefied natural gas (LNG) market is set for further growth, at least into the middle of this decade, as suppliers sanction new projects and major […]
The crude market was down for the week. The major news driving markets this week is the Coronavirus coming from China. The sickness has stoked the fear that people will travel less or stop travelling all together. According to Goldman Sachs, oil markets are likely to take a hit from China’s deadly coronavirus, with aviation […]
On Thursday, crude prices continued the downward trend we had seen through the week based upon the news of the possible spread of the coronavirus. The virus has prompted the suspension of public transportation in 10 Chinese cities. Health authorities fear the infection could spread as millions of Chinese travel over the Lunar New Years […]
Nat Gas News Natural Gas Price Fundamental Daily Forecast – EIA Withdrawal Expected to Come in Well-Below 5-Year Average Yahoo Finance: Natural gas futures are edging higher on Thursday, shortly before the regular session opening and the release of the government’s weekly storage report. Since gapping sharply lower at the start of the week, prices […]
Taking a step back from the blow-by-blow of the market, two recent trends are pointing towards very weak diesel markets, though with some hope for a rebound. 1. Diesel Flips to Contango Futures markets are very important indicators of current supply and demand trends. Crude oil markets are still backwardated, meaning future prices are lower […]
Nat Gas News Crude Oil, Natural Gas Prices Part Ways. What Does This Mean? DailyFX: While crude oil prices continue to rise, US natural gas producers have seen prices plunge to lows they’ve not seen since early 2016. In markets overwhelmingly driven by large, global themes be they US-China trade, Brexit or Middle Eastern geopolitics, […]
Yesterday, crude prices fell in the morning after the market dismissed worries of supply concerns in Libya, but then finished the day relatively unchanged on sparse fundamental news. Crude prices are down this morning as demand risks from the coronavirus and bearish remarks from the International Energy Agency (IEA) outweigh concerns over continued disruptions to […]
Oil Market Shrugs Off Libya Crisis Amid Ample Global Supply Oil prices fell on Tuesday on expectations that a well-supplied global market, including supplies from growing record U.S. production, would be able to absorb disruptions that have cut Libya’s crude production to a trickle. Libya’s barrels “although plentiful when around, have not been a reliable […]
