Posts Tagged ‘NYMEX’

Will the US’ ‘M’ gasoline be dead like the mummy? Some say yes

Me: “Let’s talk about prices at the pup.”

My many critics: “Don’t you really mean prices at the ‘pump,’ doofus?”

No, in this case I really do mean prices at the pup. Why? No “M.”

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US natural gas is high, low, and looking to 2016

If I had to sum up the US natural gas industry of 2015 in four words, they would be: high production, low prices. This year has indeed been a year that some people — such as consumers — will want to remember, while others — namely, producers — will want to forget.

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Low oil prices are painful, but volatility is insult to injury

As if the recent oil price dive to the lowest level in six years wasn’t enough to keep industry nerves on edge, the current price volatility is proving just as hostile to producers as sliding margins.

After bottoming out in late January at $45/b, NYMEX crude had recovered to $60/b by May, in a correction now widely seen as premature as it was overcooked. Bears pointed to the stubborn and growing glut of global oil supply hanging over the market.

If the rebound was quick, the subsequent fall has been just as dramatic and the double-dip in oil prices has been more severe than many predicted.

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The Oil Big Five: No slowdown for oil

High summer can often be seen as a slow period, when the heat and prospect of a holiday can make it hard to work up the effort to make news. In the Northern Hemisphere, summer is in full force, and luckily for us, news is also heating up in the world of oil.

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The Oil Big Five: Marking one year of watching the global oil industry

This month’s version of The Oil Big Five marks its first anniversary and we’re pleased to still be serving up a monthly dose of topics to keep an eye on in the global oil industry.

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US crude build not seen since 2001 shakes up prices: EIA analysis

US commercial crude oil stocks lifted to 482.393 million barrels for the week ended April 3 after adding 10.949 million barrels, the largest weekly build since 2001, according to the latest data from the US Energy Information Administration.

Even before the bearish data came out, NYMEX crude oil futures were trading in the red this morning, but the front-month contract dipped as low as $51.46/b after the news, falling $2.52/b. To read the full Platts analysis of the data, click here.

Freezing temps across US Northeast warm the diesel market

Spring might be around the corner, but for residents of New York and Boston who just experienced one of the coldest Februarys on record, the change in seasons cannot come soon enough.

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Low volatility is translating into less liquid energy commodity markets

There has been considerable discussion of late about the lack of volatility in some key trading markets, and the impact that is having on trading groups, their profitability, and thus their interest in remaining engaged in certain markets.

The argument has been that low or relatively flat prices have driven some key trading firms — a fair number of which are big banks — from a number of commodity markets, including energy commodities. Some believe the liquidity of some of these markets has taken a hit as counterparties have left, both because of reduced profitability but also as a result of regulatory pressures.

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Platts Crude Oil-Americas conference: loans, numbers and a possible XL-less world

A few notes from day one of the Platts Crude Oil Markets-Americas conference in Houston.

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The iceman cometh again: winter isn’t over for US natural gas markets

After the wallop of the polar vortex earlier this month that sent US gas demand and US Northeast gas prices soaring to all-time highs, one would think that the worst is over, no?

That would be a negative.

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