US Oil and Natural Gas News and Information

New Market Aims to Make Trading Natural Gas More Like Oil Tuesday December 6th, 2016 12:47:00 PM
Two U.S. exchanges plan to launch derivatives that could make it easier to trade a type of natural gas, potentially revolutionizing this market in the way that the Brent and West Texas Intermediate benchmarks did for crude oil, according to people ...

IEA's Birol sees oil market rebalancing well before end-2017 Tuesday December 6th, 2016 02:05:00 AM
OSLO The balance of supply and demand in global oil markets may soon change as a result of OPEC's decision to cut production, International Energy Agency chief Fatih Birol said on Tuesday. "We had been expecting before the OPEC meeting a rebalancing of the ...

American Shale Companies' Rush to Hedge Is Turning the Oil Market Upside Down Monday December 5th, 2016 12:38:00 AM
U.S. shale oil companies are using the post-OPEC rally to hedge their oil price risk for next year and 2018 above $50 a barrel, bankers, merchants and brokers said, pushing the forward oil curve upside down. The rush to hedge -- locking in future cash ...

MARKET SNAPSHOT: U.S. Stocks Fight For Momentum As Oil Prices Retreat Tuesday December 6th, 2016 07:54:00 AM
U.S. stocks on Tuesday drifted in and out of positive territory as investors appeared to trade cautiously after a record close for the Dow industrials in the previous session. The Dow Jones Industrial Average fell 13 points, or less than 0.1%, to 19,204 ...

One of the market’s most popular — and volatile — oil plays is going out with a bang Tuesday December 6th, 2016 12:16:00 AM
The wickedly volatile oil play that emerged as the “YOLO” favorite of millennial traders in recent years is just days from being delisted, and, as one might expect, it’s not going away quietly. Credit Suisse’s Velocityshares 3x Long Crude ETN UWTI ...

The Market In 5 Minutes: Lower Oil Prices, Higher Apple Watch Sales Tuesday December 6th, 2016 10:31:00 AM
Oil prices traded lower as Brent crude futures dropped 0.96 percent to trade at $54.41 per barrel, while US WTI crude futures also fell 1.39 percent to trade at $51.07 a barrel. US Oct Trade Deficit $42.60B; Consensus Deficit $42.1B, 3Q Non-Farm ...

Tesla Motors Inc (TSLA) is Leading the Charge Against Big Oil Tuesday December 6th, 2016 01:17:00 PM
Tesla Motors Inc (NASDAQ:TSLA) is already leading the charge to take a big bite out of the global oil demand and the firm seems unstoppable. Last month, news broke that Tesla’s gain is the loss of the global gasoline market. The International Energy ...

How Effective Is The OPEC Deal For An Oil ETF Rally? Tuesday December 6th, 2016 01:31:00 PM
On November 30, OPEC leaders satisfied market watchers by signing the oil output cut deal for the first time in eight years and succeeding in the third attempt this year. The deal sent oil prices and global energy stocks soaring. At the time of writing ...

Oil falls 2 percent on output cut skepticism, OPEC and Russia output rise Tuesday December 6th, 2016 01:34:00 PM
That means OPEC and Russia alone produced enough to cover almost half of global oil demand, which is just above 95 million bpd. Market watchers had said OPEC's decision to cut output marked an about-face for Saudi Arabia, which has been battling to keep ...

Oil market rebalancing sooner, price heading towards $60: Statoil CEO Tuesday December 6th, 2016 10:22:00 AM
OSLO, Dec 6 (Reuters) – The balance between demand and supply in the oil market will shift earlier than previously expected due to OPEC’s output cuts, with prices heading towards $60 a barrel next year, Statoil‘s chief executive said on Tuesday.

 

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