Market Analysis Crude Oil Crude oil prices remained bearish throughout the week primarily based upon news on IEA report on enhanced demand for 2H 2017, import growth in China, weaker USD, EIA inventory data plus force majeure declaration from Nigeria and trading covering their short
The post LNG Natural Gas Market Update – 8th – 14th July 2017 appeared first on Finance Training Course.
Market Analysis Crude Oil Crude oil gained strength in the first two days of the week primarily on US dollar strength and firmer than expected data from China’s PMI Index. However crude prices afterwards moved south based upon concerned about over supply situation, with OPEC
The post LNG Natural Gas Market Update – 1st – 7th July 2017 appeared first on Finance Training Course.
Market Analysis Crude Oil Crude oil gained strength during the week, after displaying a poor run last week, with Brent jumped by 4.93% from last Friday and closed at $47.92 whereas WTI closed at 46.04/BBL an increase by $0.38/BBL. Supply fundamental remained the same as
The post LNG Natural Gas Market Update – 24th – 30th June 2017 appeared first on Finance Training Course.
Market Analysis Crude Oil Crude oil remained weak during the week with WTI closed at $43.10/BBL and Brent closed at $45.66/BBL on Friday, a decrease of 3.67% on Brent. The bearish tone is primarily due to the fact that OPEC cut is proving ineffective as
The post LNG Natural Gas Market Update – 19th – 23rd June 2017 appeared first on Finance Training Course.
Market Analysis Crude Oil Crude oil remained weak during the week with WTI closed at $44.74/BBL and Brent closed at $47.37/BBL on Friday. OPEC monthly out report depicted increase of 0.33 million barrel a day primarily from Nigeria and Libya, which are not part of
The post LNG Natural Gas Market Update – 12th – 16th June 2017 appeared first on Finance Training Course.
Market Analysis Crude Oil Crude oil remained weak during the week with WTI closed at $44.74/BBL and Brent closed at $47.37/BBL on Friday. OPEC monthly out report depicted increase of 0.33 million barrel a day primarily from Nigeria and Libya, which are not part of
The post LNG Natural Gas Market Update – 12th – 16th June 2017 appeared first on Finance Training Course.
Market Analysis Crude Oil Crude Oil started strong primarily on expectation of rumors of further production cut and rallied strongly till 25th May 2017. On Friday Brent was trading at $52.23/BBL decrease by $2.44 from the peak of $54.67/bbl. Profit taking was observed on 24th
The post LNG Natural Gas Market Update – 22nd – 26th May 2017 appeared first on Finance Training Course.
Market Analysis Crude Oil Brent closed at $53.61/bbl, increase by 5.34% from last Friday closing price. Market remained bullish primarily due to news of Saudi Arabia and Russia on extending the production cut by 9 months. As per BHI, US rig count increase by 8
The post LNG Natural Gas Market Update – 15th – 19th May 2017 appeared first on Finance Training Course.
Market Analysis Crude Oil Brent started recovering from mid-week & recovered 4.43% from Tuesday price of $48.73/bbl. Brent uptick is primarily due EIA inventory numbers which depicted 5.2 million barrel of commercial inventory decrease and 0.2 million barrels of gasoline. The US inventory draw dawn
The post LNG Natural Gas Market Update – 8th – 12th May 2017 appeared first on Finance Training Course.
Market News Crude Oil Oil price dropped by 4.7%, a six-month low, negated all the gains since OPEC production cut was announced. Hedge funds sell off primarily on technical parameters dictated the bearish mood. Gasoline and diesel inventory build up is also adding into bearish
The post LNG Natural Gas Market Update – 1st to 5th May 2017 appeared first on Finance Training Course.
