On a busy morning on Squawk Box it was a case of better late than never, as they pushed back this morning’s segment. Hark, click on the mugshot below to see commentary on the apparent freakout by the IEA:
Posts Tagged ‘Opec’
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Jun 24 2011 @ 7:49am by Matt Smith in Capital Markets, Crude Oil, Economy, Global Energy, risk management
File Under: Better Late Than Bumped!
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May 20 2011 @ 10:58am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas, Random
Burrito bites
Good Day! We are steam-rollering through May, with sights set on June; - eventfulness is set to be delivered by the bucketload, from an Opec meeting chaired by Iranian leader Mahmoud Ahmadinejad (no, seriously), to the start of US hurricane season and the increasing influence of cooling demand on natural gas. As for this week, we have seen decidedly mixed economic data and demand destruction fears keep crude choppy but rangebound, while natural gas has been ushered lower by a lack of weather-driven demand and a bite out of the storage deficit for the first time in two months. Anyhow, let’s chow: » read more
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Apr 1 2011 @ 10:53am by Matt Smith in Crude Oil, Global Energy, Natural Gas, energy consulting, risk management
Burrito bites
I bid you good day and welcome to Q2, on a day which is jam-packed with action – Nonfarm Friday, global manufacturing data, April Fool’s Day, Method Man’s 40th birthday, the list goes on…I am actually going to shy away from any kind of April Fool’s prank – not because I can’t think of a good one (of course I could, ahem), but because there are more serious matters at hand (although this bean could solve the energy crisis). Conflict in MENA continues apace without any clear sign of resolution, while Japan remains fighting the threat of nuclear disaster. Crude is up to a 30-mth high on continued uncertainty, while natty keeps running into the wall of resistance at $4.40, dusting itself off, then charging again. In celebration of Q2…c’mon, let’s chew!: » read more
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Dec 10 2010 @ 10:58am by Matt Smith in Crude Oil, Natural Gas, UK natural gas
Burrito Bites
Altrightee, we’ve got two more full weeks left of 2010; hopefully they’ll be a little more eventful than this one. Crude broke $90 early doors, then fell back and treaded water ahead of a wave of information this weekend. Meanwhile, natural gas rallied through to Thursday, only to give back all its gains on a bullish storage print (go figure). This weekend sees Opec’s end-of-year party meeting in Ecuador, meanwhile China is widely expected to raise interest rates. Next week sees a return to form for economic data, while colder-than-normal temperatures for the eastern US are lending support to natty. This means next week should be more of a snowstorm of activity = much more fun. Until then, keep your eyes on the prize (like my friend here), and your plate close at hand; bites are served: » read more
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Dec 3 2010 @ 10:50am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas, risk management
Burrito bites
Wowee, what a week. Starting with a $113 bln bailout of Ireland, culminating with Nonfarm Friday (= US unemployment data), this week has not disappointed. The filler, manufacturing data (sandwiched in the middle of the week), once again illustrated global expansion for the industrial sector, while US house prices are swooning once more (although pending sales are not). US natural gas is receiving some support from heating demand as thermostats are cranked up, while storage begins to be whittled down. Crude is back within grasping distance of $90 as positive data and potential intervention from the ECB is rallying the Euro. Meanwhile, the entire UK is walking in a winter wonderland (because no public transport works). I could go on and on (and on); what a great week. AND we are into December – rock on. Enough of the fluff, let’s get onto the good stuff: » read more
