Fund amass bullish oil bets for third week as ‘bottom’ emerges
Money managers and hedge funds raised their bullish bets on U.S. crude oil for a third week in a row; data showed on Friday, on conviction the market has bottomed Continue Reading
Oil shrugs off Goldman warning about premature rally: Kemp
“International crude oil prices have recovered remarkably in recent weeks,” the International Energy Agency (IEA) wrote in this month’s oil market assessment, which struck a note of cautious optimism. “This Continue Reading
Key Formula for Oil Executives’ Pay: Drill Baby Drill
Markets have been waiting for U.S. energy producers to slash output during a period of depressed crude prices. But these companies have been paying their top executives to keep the Continue Reading
OPEC-Russia Oil Coalition Struggles With Its Very First Step
A month after promising co-operation that would re-balance global oil markets, the producer coalition forged by Saudi Arabia and Russia is having difficulty taking its first step. (Bloomberg) — A Continue Reading
A Short History of Unsuccessfully Calling a Bottom in Oil: Chart
Catching a falling knife is hard, especially when it’s covered in oil. The International Energy Agency today said oil prices may have bottomed out. Several people have tried to call Continue Reading
Hedge Funds Miss the Biggest Rally for Natural Gas of the Year
Money managers never saw the six-day rally in U.S. natural gas futures coming. Hedge funds missed out on the biggest rebound so far this year, boosting their net-short position in Continue Reading
Iran More Likely to Join Oil-Cap Group After Election, IIF Says
The rise of moderates in Iran’s elections has increased the odds of the nation joining an oil-producer coalition to freeze output and bolster global crude prices, the Institute for International Continue Reading
Iraq: Kurdish Oil Flows To Turkey Resume
Oil flows from Iraqi Kurdistan to Turkey’s port of Ceyhan have resumed after a three-week outage, Reuters reported March 11. According to the Kurdish Ministry of Natural Resources, the disruption Continue Reading
Oil exports to Turkey resume
Turkey’s security authorities allow the Iraq-Turkey Pipeline to reopen after 23 days. Oil tanks at Turkey’s Mediterranean port of Ceyhan, which is run by state-owned Petroleum Pipeline Corporation (BOTAS), where Continue Reading
Cheniere preparing to load second LNG cargo from Sabine Pass: sources
The Cheniere-operated Sabine Pass LNG terminal in Louisiana is preparing to load its second cargo, market sources said Friday. The facility is understood to be taking more feed gas than Continue Reading