Jan 20 @ 10:53am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas, UK natural gas
Good day, good day! Crude has toppled below the monkey bar of $100 late on this week as – would you believe - Euro debt concerns arise once more. In addition, crude has been clobbered by a disheartening domestic demand situation. Total product demand is down 7.2% on this time last year, while gasoline demand has just plummeted to its lowest level since 2001. And while on the subject of plummeting to new lows, the good ship natty has keeled over and made a decade low as supply remains staunch and the storage surplus swells (…while weather is set to swelter). Ay, there’s the rub, and here’s the grub. » read more
Jan 13 @ 10:55am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas
Happy Friday 13th! And it is indeed turning out to be an unlucky day for markets, as credit downgrades to European countries have scuppered the goodwill that had been carefully constructed in the last week.
Crude had already been pressured back into double-digitdom by the likely delay to an oil embargo on Iran by the EU, while natural gas has plundered lower and lower on moderate weather outlooks, and both rampant storage surpluses and supply. But enough from me, let’s hit the treats. » read more
Dec 30 @ 10:29am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas
Despite the end-of-year lull in general markets, interesting tales about energy, the weird, and the wonderful continue to pass by like high-speed trains. In this last week of the year we have seen crude move into triple digits on geopolitical concerns, only to retrace again on Euro worries, while natty has broken below $3 for the first time since September 2009 as strong supply and warmer weather reigns. But enough from me, it’s time to eat: » read more
Dec 16 @ 10:55am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas, Random
Good day! And welcome to the last burrito bites of 2011! (maybe). It has been an exceptionally bearish week in Commodityland™, with natural gas plundering to lows not seen since September 2009. This has been due to the ongoing triple whammy of strong supply, strong storage levels, and a lack of wintry weather.
Crude, on the other hand, has fallen from the grace of triple digits, as Eurozone woes and signs of weak demand in the US – the largest global consumer – weigh heavy. Let’s lighten the mood…with some food: » read more
Dec 9 @ 10:55am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas, Random
And the second Friday of December hits us like a snowball, with general markets having a frosty reception to the latest effort by European leaders to stop the rot to halt the region’s debt crisis.
Crude prices have apprehensively back-pedaled into double-digitdom this week, while natural gas prices sled towards the lows of the year once again, as we are set to reach Christmas without a solid bout of frigid conditions in the US. But enough chat, here are the snacks: » read more
