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Showing posts with the label November 14

The oil market is 'overcorrecting': The Schork Report

The oil market is 'overcorrecting': The Schork Report https://cnb.cx/2ON7MuJ Stephen Schork of The Schork Report says the counter-cyclical rally that was observed in the oil markets from the end of August through September "never made sense." https://ift.tt/2PddWW7 November 14, 2018 at 07:52PM Energy https://cnb.cx/2KU3Ztw

The demand for oil is 'still fairly robust,' says investor

The demand for oil is 'still fairly robust,' says investor https://cnb.cx/2z9LH4a Some of the issues around the U.S. sanctions on Iran "may not come to fruition," says Sat Duhra of Janus Henderson Investors. https://ift.tt/2PddWW7 November 14, 2018 at 07:31PM Energy https://cnb.cx/2KU3Ztw

A cut in oil production 'is coming' in December, says analyst

A cut in oil production 'is coming' in December, says analyst https://cnb.cx/2ON7BQ5 Vandana Hari of Vanda Insights says "all signs are pointing to" a likely cut in oil production of "at least a million barrels per day." https://ift.tt/2PddWW7 November 14, 2018 at 05:59PM Energy https://cnb.cx/2KU3Ztw

European stocks open higher amid Brexit progress, US-China trade optimism

European stocks open higher amid Brexit progress, US-China trade optimism https://cnb.cx/2OKeaT7 European stocks opened higher on Thursday as investors digested latest news out of Brexit and keep an eye on U.S.-China trade talks. https://ift.tt/2PddWW7 November 14, 2018 at 08:43PM Energy https://cnb.cx/2KU3Ztw

Aramco may list downstream oil assets after acquiring chemical firm SABIC, strategists say

Aramco may list downstream oil assets after acquiring chemical firm SABIC, strategists say https://cnb.cx/2RTUHBt Saudi Aramco may consider spinning off its growing downstream division, but it needs to complete its planned acquisition of a strategic stake in Saudi petrochemical maker SABIC first, strategists say. https://ift.tt/2PddWW7 November 14, 2018 at 06:00PM Energy https://cnb.cx/2KU3Ztw

Oil prices resume decline on oversupply worries

Oil prices resume decline on oversupply worries https://cnb.cx/2DEBW1U Oil prices slipped on Thursday, on the back of pressure from rising supply in a market where consumption is expected to slow as a result of a gloomy economic outlook. https://ift.tt/2PddWW7 November 14, 2018 at 05:16PM Energy https://cnb.cx/2KU3Ztw

Brent crude is going back to $75 after likely OPEC supply cut, Goldman commodities chief says

Brent crude is going back to $75 after likely OPEC supply cut, Goldman commodities chief says https://cnb.cx/2B6wJxu Jeff Currie, head of commodity research at Goldman Sachs, believes investor positioning and one particular trading strategy are largely responsible for deepening the oil market rout in recent days. https://ift.tt/2PddWW7 November 14, 2018 at 08:42AM Energy https://cnb.cx/2KU3Ztw

Natural gas prices rocket higher on cold weather forecast, jumping as much 20 percent

Natural gas prices rocket higher on cold weather forecast, jumping as much 20 percent https://cnb.cx/2DFe9Pw Natural gas prices surged in panicky and volatile morning trading, after the latest cold weather forecasts raised fears that the U.S. is heading for a potentially colder-than-expected winter with too little gas supply. https://ift.tt/2PddWW7 November 14, 2018 at 05:41AM Energy https://cnb.cx/2KU3Ztw

Renowned energy trader Mark Fisher says the worst is over for oil and it's time to buy

Renowned energy trader Mark Fisher says the worst is over for oil and it's time to buy https://cnb.cx/2Fnn2ik The "worst is over" for the crude oil market, which had lost over a quarter of its value since early October, renowned energy trader Mark Fisher says. https://ift.tt/2PddWW7 November 14, 2018 at 05:35AM Energy https://cnb.cx/2KU3Ztw

PG&E plunges 14% after disclosing an 'electric incident' just before wildfire

PG&E plunges 14% after disclosing an 'electric incident' just before wildfire https://cnb.cx/2PW4V75 PG&E fell 14 percent after the company said that if its equipment is responsible for the "Camp Fire," the cost of the damage would exceed its insurance coverage and harm its financial health. https://ift.tt/2PddWW7 November 14, 2018 at 04:26AM Energy https://cnb.cx/2KU3Ztw

Never mind oil companies, cyberattacks risk 'shutting down entire countries'

Never mind oil companies, cyberattacks risk 'shutting down entire countries' https://cnb.cx/2DoZCGu The threat of cyber espionage goes above and beyond endangering some of the world's largest oil and gas companies, industry experts warned on Wednesday, saying "entire countries" are being targeted. https://ift.tt/2PddWW7 November 14, 2018 at 04:08AM Energy https://cnb.cx/2KU3Ztw

Analyst remains bullish on market despite volatility

Analyst remains bullish on market despite volatility https://cnb.cx/2Q3kn1y Jeff Saut of Raymond James joins 'Squawk Box' to discuss markets amid volatility on trade news and oil concerns. https://ift.tt/2PddWW7 November 14, 2018 at 03:45AM Energy https://cnb.cx/2KU3Ztw

Global oil market faces surplus throughout 2019 as demand growth slows

Global oil market faces surplus throughout 2019 as demand growth slows https://cnb.cx/2QGzjQ8 Global oil supply will outpace demand throughout 2019, as a relentless rise in output swamps growth in consumption that is at risk from a slowing economy, the IEA said. https://ift.tt/2PddWW7 November 14, 2018 at 01:27AM Energy https://cnb.cx/2KU3Ztw

Worst in crude oil is over, says MBF Asset Management CEO

Worst in crude oil is over, says MBF Asset Management CEO https://cnb.cx/2B5S0aA Mark Fisher of MBF Asset Management joins 'Squawk Box' to discuss the crude oil bear market. https://ift.tt/2PddWW7 November 14, 2018 at 02:52AM Energy https://cnb.cx/2KU3Ztw

Oil prices whipsaw as OPEC allies ramp up talk of supply cuts at December meeting

Oil prices whipsaw as OPEC allies ramp up talk of supply cuts at December meeting https://cnb.cx/2K2aSdj OPEC officials quickly sought to reassure energy market participants on Wednesday, as oil prices fluctuated wildly ahead of a much-anticipated meeting between the influential oil cartel and its allied partners in early December. https://ift.tt/2PddWW7 November 14, 2018 at 02:14AM Energy https://cnb.cx/2KU3Ztw

Oilfield in Oman set to get a solar plant to aid its crude production

Oilfield in Oman set to get a solar plant to aid its crude production https://cnb.cx/2B4sQsS As many as 100,000 barrels of "solar steam" could be produced per day.  https://ift.tt/2PddWW7 November 14, 2018 at 02:10AM Energy https://cnb.cx/2KU3Ztw

Portfolio manager on his energy stock picks

Portfolio manager on his energy stock picks https://cnb.cx/2K5ph8D Bill Costello, Westwood Funds portfolio manager, joins 'Squawk Box' to discuss his picks on energy stocks. https://ift.tt/2PddWW7 November 14, 2018 at 01:54AM Energy https://cnb.cx/2KU3Ztw

Saudi Arabia will be the swing oil supplier in OPEC and the world, says expert

Saudi Arabia will be the swing oil supplier in OPEC and the world, says expert https://cnb.cx/2K2aRGh Matt Smith of ClipperData joins 'Squawk Box' to discuss the plunge of crude oil prices. https://ift.tt/2PddWW7 November 14, 2018 at 01:17AM Energy https://cnb.cx/2KU3Ztw