October 27, 2017

Though near term weather forecasts have been trending cooler, current models indicate less Heating Degree Days for the Oct/Nov period than the 30-year normal, providing little momentum to push prices above resistance at $3.00.  LNG exports have been steady at ~3.0 Bcf/d over the last week, with the fourth train at Sabine Pass now online.  (Direct Energy)...

October 19, 2017

Monday, Mexican officials announced that they had completed their 2018 oil hedge program - guaranteeing a floor price of $46/bbl (Reuters). This is the largest oil hedge on record.

 This week the EIA forecast that US shale oil output would grow in November for the 11th straight month - output is set to rise by 82,000 bpd to 6.12 mln bpd (Reuters)

Monday the...

October 12, 2017

The IEA today said that global oil supply rose by 90,000 bpd  in September and demand growth slowed mostly due to the outages in the U S caused by the hurricanes


The EIA yesterday -in its Short Term Outlook- forecast U S oil supply in 2018 to be 9,92 mln bpd--up from previous 9.84 mln bpd forecast (Bloomberg)

The EIA yesterday said consumers will see a...

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