Oil jumps 14 percent, products up

Oil jumps 14 percent, products up NEW YORK (Reuters) ... supply this winter. U.S. crude oil futures for February settled up $5.57 to $44.60 per barrel, but down ... on production rates to try to boost margins. As heating oil and gasoline prices are rallying, crude [more...]

Date: 2008-12-31 20:53:31

Blog posts (25) | Videos (2)
 

Friday morning links

TOP STORIES Wall St. futures frozen after plunge - AP OPEC slashes production; ... U.S. stock futures blasted after Asia plunge - MarketWatch Oil falls despite production cuts - BBC Balle, balle..great demand for India Post gold coins! - Commodity Online Oil, Gold, Commodities [more...]

Date: 2008-10-24 13:17:00

Free Fall: Oil Price Plummets to Near $63

Even after taking the weekend to digest OPEC’s announced production cut Friday, oil markets aren’t impressed. Crude oil futures kept falling Monday, approaching $63 a barrel and marking their lowest prices ... . “Fear is the word,” one broker told Bloomberg. [more...]

Date: 2008-10-27 16:36:41

Jet Fuel Premium Set to Fall

A bit of cheery news for beleagured airlines: jet fuel, which of late had traded at a considerable premium to heating oil, ... to heating oil futures, said Mike Busby, manager of oil and refined-products trading for Northville [more...]

Date: 2008-07-15 08:22:01

Oil E&P Firms Mixed as Crude Hovers at $38; ‘09 Recovery?

Shares of the major oil and gas exploration and production firms were mixed today as crude oil futures slipped to 38 ... the rise of U.S. oil reserves, which are up 10% this year. The article quotes Sarah Emerson, head of Energy [more...]

Date: 2008-12-30 19:17:05

USSR2 File: OPEC, Russia coordinate oil production cut, boost price; OPEC head urges Russia to join group, Moscow still coy about membership

- Communist Allies Russia and Venezuela Dump the Dollar in Bilateral Trade, Opt for Ruble and Bolivar- Back in the USSR:1) ... production and boost world oil futures. Russia, The Telegraph reports today, has been under pressure [more...]

Date: 2008-12-17 16:58:00

Green Ink: Detroit?s Bargain and Coal?s Future

paper Crude oil futures slipped on Tuesday amid realizations the economy is still tanking, putting even more pressure on OPEC to make big production cuts. Deutsche Bank, gloomier than most banks, sees oil at $47.50 next year, both in Bloomberg. If it goes even lower, $1 gasoline could [more...]

Date: 2008-12-09 13:28:52

Oil Set for Rebound as Record Drop Spurs OPEC Production Cuts

By Grant Smith and Mark Shenk Dec. 30 (Bloomberg) -- Oil futures may rebound from their worst year to average $60 a barrel next year as OPEC makes ... be turning around.” Crude futures averaged $100 this year, the highest since crude began trading on the New York Mercantile Exchange in 1983. Oil plunged along with commodities from copper to corn [more...]

Date: 2008-12-30 00:25:00

What is up with oil?

Posted by Daniel Hall on December 19, 2008 The pithy answer is nothing — not production, not consumption, and certainly not the price ... gas. 2) Oil futures are not tremendously influenced by OPEC’s announced cuts.  OPEC does ... countries oversell their quotes, and the budgetary pressure on some of these governments — who spent [more...]

Date: 2008-12-19 17:09:10

Oil jumps 14 percent, products up

Text By Edward McAllister NEW YORK (Reuters) - U.S ... of commodities on Wednesday, tracking a jump in gasoline for example a slowdown in domestic refinery activity sparked fears of tightening combustible matter supply this winter. U.S. crude oil futures [more...]

Date: 2009-01-01 04:57:02

Green Ink: Detroit’s Electric Dance, and Google’s Dirty Searches

paper Crude oil futures slumped to $38 in early trading Monday amid fears that lower OPEC production won’t be enough to counter cratering global demand for oil, Bloomberg reports. With oil prices (and valuations) falling, Exxon is sitting ... profiles “Bidder 70,” the environmental activist who waylaid the Utah oil-and-gas lease auction [more...]

Date: 2009-01-12 16:14:00

Oil Watch: Is it Time To Start Worrying About Crude Supplies Yet?

Crude oil futures closed up more than 4%, finishing New York trading above $48, as worries about oil supplies—such as OPEC’s production cuts and violence in the Middle East— ... an additional 2.2 million barrels of oil output. And the Gaza strip isn’t exactly an oil-producing region [more...]

Date: 2009-01-05 11:52:00

Green Ink: OPEC?s Impotence and a Nuclear Revival

paper Crude oil futures plunged to $63 despite OPEC’s 1 ... to tighten supplies. More on OPEC’s decision here. Falling oil prices may be pinching big oil ... a $2 trillion piggybank, in the WaPo. Mexico is scrambling to increase production, but new oil laws [more...]

Date: 2008-10-24 13:41:45

Oil Slick: Crude Below $40 a Barrel

Carolyn Cui reports: Crude oil is bloodletting. One day after the OPEC announced the most aggressive production cut, oil dropped 4 ... to put the oil, so the longs are liquidating their positions,” said Jeff Grossman at BRG Brokerage ... s session, and traders on the long side in the futures market -– meaning who have the right to take [more...]

Date: 2008-12-18 16:43:27

Crude rises

Crude registers biggest yearly drop in CY 2008Ongoing conflicts at Middle East, ... -oil futures for light sweet crude for February delivery closed at $46.34/barrel (higher by $1.74 ... production cut ever.Against this background, February heating oil rose 2.6% to $1.4803 a gallon. February [more...]

Date: 2009-01-05 04:12:00

Energy Blast - Jan 1, 2008

The natural gas dispute between Gazprom and the Ukraine is creating upward pressure on crude oil futures, along with the conflict in the Gaza Strip. Official data shows that Russian oil production [more...]

Date: 2009-01-02 17:19:17

Oil Slick: Crude Below $40 a Barrel

Crude Oil Carolyn Cui reports: Crude oil is bloodletting. One day after the OPEC announced the most aggressive production cut, oil dropped 4 ... s session, and traders on the long side in the futures market -– meaning who have the right to take ... barrels. Meanwhile, shipping agencies say that many refiners and oil trading companies are renting [more...]

Date: 2008-12-18 19:43:00

Green Ink: Obama?s Energy Team

paper Crude oil futures rallied to almost $46 as Saudi Arabia said it has cut production to its official quota and is serious about cutting ... because of the dismal economy, which is trumping the rapid fall in gasoline prices, in the WSJ (sub [more...]

Date: 2008-12-11 13:15:10

Green Ink: Electric Cars and Barricades

paper Crude oil futures rebounded above $50 as governments around the world suggest measures to revive demand and OPEC’s previous production cuts ... to lower the cost of energy to proposals to keep gas prices high enough to benefit alternatives, the WSJ reports (sub reqd.). In the meantime, lower gas prices are a nearly $300 billion shot in the arm [more...]

Date: 2008-11-21 13:14:30

OPEC cuts production, prices fall, Hugo sweats some more

WSJ Blog: Oil Ink: OPEC Slashes Output, Crude Price Falls OPEC did exactly what it promised in Vienna, slashing oil output by 1 ... two years and crude futures fell to $63 in New York. BBC: The cut will take effect from 1 November ... at Newedge, a brokerage firm. “Falling prices will deepen, not lessen, those divisions.” Because [more...]

Date: 2008-10-24 12:30:13

Green Ink: What Windfall Tax?

paper Crude oil futures rebounded above $48 a barrel after OPEC said it would “definitely” cut output this month, but the oil cartel hasn’t yet managed to comply with its previous two production [more...]

Date: 2008-12-03 13:09:30

Crosstex Energy L.P. (XTEX) Streamlines for 2009, Sheds Non-core Assets to Pay Down Debt

In past natural resources posts, oil and gas exploration companies have been featured ... helping to maintain production levels. The future looks fairly bright for the company as national [more...]

Date: 2009-01-07 17:04:50

Oil prices surge on production cuts and promises of more

Those dreams of $1-a-gallon gasoline are fading fast ... from further declines. Near-term futures in New York jumped $4.46, or 10%, to $47.98 a barrel ... and from gas," he said. "I believe that we mustn't rule out any options." Defensive measures may include [more...]

Date: 2008-12-12 02:14:29

Obama’s Plan To Address Energy Trading

This is one way to bring some sanity back to the price of oil, ... some energy traders from regulations that govern other exchange-traded commodities. Democrats call this “ ... years. Speculators also had purchased enough corn futures to fuel the entire U.S. ethanol production [more...]

Date: 2008-06-22 18:56:50

Bloodbath

I had warned readers against assuming that because we had a bounce in the equity markets, that life would soon return to normalcy ( ... that level). US stock futures trading has been restricted because it has fallen below 6%, its daily ... . A more aggressive than expected production cut by OPEC has done nothing to stem the fall of oil, down 5%. Gold [more...]

Date: 2008-10-24 10:46:40

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