U.S. crude prices were further pushed up by an announcement from Canada that Alberta province will force producers to cut output by 8.7 percent, or 325,000 barrels per day (bpd), to deal with a pipeline bottleneck that has led to crude building up in storage. Most of Alberta’s oil is exported to the United States.
Oil and Gas
Crude Oil Advances as Russia Shows Willingness to Join Saudis On Cuts
Gold Silver Reports (GSR) Russia wants more predictability and “smooth price dynamics” in world crude markets, Deputy Foreign Minister Sergei Ryabkov said in an interview in Argentina.
Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let’s go lower!
Crude Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let’s go lower!
JP Morgan has cut its outlook for oil, predicting that Brent crude prices will average $73 a barrel in 2019
Scott Darling, head of Asia-Pacific oil and gas at JP Morgan told CNBC that the investment bank recently revised its outlook in part due to North American supply ramping up in the second half of next year. JP Morgan expects the price of Brent, the international benchmark for oil, to go toward $64 in 2020.
OPEC And its Allies Are Set To Meet on Dec. 6 to Discuss Supply Cuts
Gold Silver Reports (GSR) – Growing fears of an economic slowdown, which saw global stock markets tumble again, added further pressure on crude.
Crude Oil WTI Tips – Keey Eye on $57.50 Above We See Only Blast – Neal Bhai Commodity Guru
Crude Oil WTI Tips – Keey Eye on $57.50 Above We See Only Blast – Neal Bhai Commodity Guru
NYMEX Natural Gas Watch $5 It’s Rock Hurdel Will Fly or Melt Like Ice????
NYMEX Natural Gas Watch $5 It’s Rock Hurdel Will Fly or Melt Like Ice????
Trump’s Trade Policies Could Soak The U.S. Oil And Natural Gas Industries
In other words, American isolationism is hurting U.S. businesses and leaving the president alone and frustrated. Consider that China is the third largest importer of U.S.-produced liquefied natural gas (LNG) and that China’s appetite for the fuel will only expand as its pursues cleaner energy policies.
MCX Crude Tips – Watch 3949 Level, Above we See Target 4160 (Trade With Small Lots)
MCX Crude Tips – Watch 3949 Level, Above we See Target 4160 (Trade With Small Lots)
OIL REPORT — 1-U.S. Shale Oil Output to Hit Record High 7.9 Mln Bpd in Dec -EIA
Gold Silver Reports (GSR) – The total oil output from the basins was expected to rise 113,000 bpd, driven largely by increases in the Permian Basin of Texas and New Mexico, where output was forecast to climb by 63,000 bpd to about 3.7 million bpd in December, the U.S. Department of Energy’s Energy Information Administration (EIA) said.