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I appeared on Fox Business on Thursday lunchtime to discuss my concerns about natural gas flows to Europe from Russia amidst escalating tension in Ukraine. After all, half of all Russian exports to Europe pass through the country. Hark, click on the below mugshot to hear my views on both European and US markets:
It’s been another stormy week in commodityland™, as the election and a nor’easter have caused extreme turbulence for oil and natural gas respectively. Oil rallied prior to the election result, only to immediately look ahead to a looming ‘fiscal cliff’ and sell off with vehemence. As for natty, it has moved lower in the face of inclement conditions in the Northeast, as it looks to better times next week and record storage. Enough looking back, here comes the weekend and the snacks:
Good day, good day, to one and all! The week that was has seen oil prices moving broadly sideways, with Iranian tensions at one end of the push-me-pull-you, and a weakening euro at the other. Meanwhile, natural gas has been hovering like, err, Michael J. Fox on a hover board, close to a five-month high, but still scared of trying to break above $3 after last week’s rebuttal. Enough fluff, here is the good stuff: » read more
Yo y’all, it’s been another nutty week in the world of energy, as Brent crude has made 18-month lows, while WTI has disco-danced its way back into the 70’s (to $77 to be specific); worsening economic data on a global front has been the overwhelming drag on prices this week. Natural gas is seeing record temperatures across parts of the US boosting cooling demand, but even the impending formation and threat of the fourth-named storm of the Atlantic hurricane season cannot propel prices too much higher (insert Debby downer joke here). Enough from me, it’s time to eat:
Happy Friday once again! US natural gas has had its week defined by a rampant 14% rally on Thursday due to a bullish storage report, after prices had rappelled down to seven-week lows. Crude has been relatively unmoved by a non-eventful Opec meeting, pressured lower by continued poor economic data, yet supported by hopes of a coordinated bout of stimulus by central banks to prop up the global economy again. Snacks ahoy! » read more
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