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Posts Tagged ‘drilling’

0 Aug 19 2011 @ 10:55am by Matt Smith in Crude Oil, Economy, Global Energy, Random, risk management

Burrito Bites

Welcome to the latest buffet that is burrito bites. In the week that was, everything started relatively calmly after last week’s stormy trading, only for all to go awry on Thursday. Twas on this day a bucketload of bad economic data was thrown onto the markets, sending equities and crude sliding lower; meanwhile, natural gas recovered from a bearish weekly storage report to focus instead on potential tropical activity. WTI Crude has ducked below the surface of $80 before coming up for air, while natty remains submerged below $4. Hark, snacks are served:   » read more

1 Feb 11 2011 @ 10:51am by Matt Smith in Capital Markets, Crude Oil, Global Energy, Natural Gas, Random

Burrito bites

I figured with all the fireworks of the last week, I could show a picture of real fireworks and they would look serene in comparison (and they do, don’t you think?). What was supposed to be a quiet week in keeping with the dearth of economic data has turned out to be a flourish of firecrackers of information, fired across the bows of markets. We had the usual EIA monthly report, which unsurprisingly thrust an accusatory finger toward strong storage and staunch production in 2011 for natural gas, while crude had upward revisions for global oil demand from the three muskateers amigos that are the aforementioned EIA, along with the IEA and Opec. As for price movement, natural gas has swung below the monkey-bar of $4 again, on the gruesome twosome of moderating weather (h/t Punxsutawney Phil) and err, another bullish storage number (go figure). Crude has been under the influence of Egyptian unrest, although fortunately it looks like we have a happy ending to the debacle. As the week finishes with a bang, let’s instead finish with a bite:  » read more