Oil / Finance

US crude settles at $49.33, posting weekly and monthly losses amid supply concerns

Apr 28 2:33pm Energy
Oil rebounded after dropping to a one-month low previously, prompting investors to buy ahead of a May OPEC meeting.
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Court pauses litigation over Obama climate plan Trump is trying to kill

Apr 28 1:39pm Energy
The Trump administration won a legal victory over a climate policy implemented under Barack Obama...
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Three energy earnings movers

Apr 28 1:33pm Energy
The "Halftime Report" traders weigh in on an three energy-earnings movers in our trader blitz.
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Trump signs executive order that could expand offshore energy development

Apr 28 1:12pm Energy
The order instructs the Interior Department to review and revise the Obama administration's plan for federally administered waters.
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Oil prices hold gains as Baker Hughes reports US rig count rises to 697, up 9 rigs

Apr 28 1:09pm Energy
Oil rebounded after dropping to a one-month low previously, prompting investors to buy ahead of a May OPEC meeting.
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This GOP-backed measure to bail out profitable coal companies could propel a government shutdown

Apr 28 12:44pm Energy
A measure by Rep. Tim Murphy could jeopardize pressure on coal companies to permanently fund retirees' health care, Huff Post reports.
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Oil trades flat after hitting one-month low, buoyed by hopes for output cut extension

Apr 28 12:16pm Energy
Oil rebounded after dropping to a one-month low previously, prompting investors to buy ahead of a May OPEC meeting.
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Exxon wants to make it 'very clear' that it is still obeying the Russia sanctions

Apr 28 12:03pm Energy
An Exxon executive said the company is complying with Russian sanctions after the Treasury Department denied a waiver.
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Being president isnt so easy, and other things Trump has learned in first 100 days

Apr 28 9:35am Energy News Headlines - Yahoo! News
It is the not the first time the former reality show host has expressed surprise at the difficulty of the job, the size of the government or the vastness of the country.
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Exxon Mobil beats earnings expectations as profits more than double from last year

Apr 28 8:29am Energy
Exxon Mobil posted profits of 95 a share in the first quarter, compared with analysts' EPS estimates for 85 cents.
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Market winners & losers from President Trump's proposed policies

Apr 28 8:09am Energy
Oppenheimer Funds' Talley Leger says industrials could see the most impact if President Trump manages to push through his pro-growth policies...
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Oil rebounds from one-month low on hopes for output cut extension

Apr 28 6:25am Energy
Oil prices rebounded after dropping to a one-month low previously, prompting investors to buy ahead of a May OPEC meeting.
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Oil prices to remain range-bound: Strategist

Apr 28 12:32am Energy
Daniel Hynes, ANZ, says there's bulls are counting on extended output cuts but bears are focusing on the inventory build concerns.
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Oil prices face second weekly loss as oversupply lingers

Apr 27 9:44pm Energy
Oil prices stabilized on Friday but were on track for a second straight weekly loss.
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Trump to sign executive order that could expand offshore energy development

Apr 27 9:05pm Energy
The order will instruct the Interior Department to review and revise the Obama administration's plan for federally administered waters.
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Unchain My Heart - Is the Northeast Natural Gas Market No Longer Pipeline Capacity Constrained?

Apr 27 9:00pm RBN Energy - Accelerating energy market analytics through collaboration, networking and alliances
Natural gas production growth in the U.S. Northeast—the primary driver of U.S. production growth in recent years—has slowed dramatically in the past few months, up no more than 1 Bcf/d year-on-year, compared with growth in increments of 3 and 4 Bcf/d in previous years. Despite the slowdown, the regional balance continues to lengthen, with supply growth outpacing demand. Yet, regional gas prices, specifically at key supply hubs, which previously were struggling under the weight of oversupply coupled with limited access to growing demand markets, are strengthening. Is this the beginning of the end of takeaway constraints and distressed supply pricing in the region? Or will constraints reemerge this summer? Today, we provide an update of Northeast gas supply/demand balance.
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Why a tightening US natural gas system could put the squeeze on LNG

Apr 27 8:01pm The Barrel Blog
Europe is banking on cheap US LNG exports competing with Russian pipeline natural gas to keep prices low and global supplies plentiful. But the US natural gas system is not as comfortable as you might think. The US produced less gas in 2016 than in 2015, the first time since 2005 that gas output fell […] The post Why a tightening US natural gas system could put the squeeze on LNG appeared first on The Barrel Blog.
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Commodities tomorrow: US production up, crude down

Apr 27 3:53pm Energy
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
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EPA chief pulls out of GOP event appearance that could have violated law

Apr 27 3:23pm Energy
EPA chief Scott Pruitt risked running afoul of the Hatch Act by attending an Oklahoma Republican Party fundraiser.
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US crude settles at $48.97, tumbling 1.3% on Libya oilfield restart, gasoline weakness

Apr 27 2:33pm Energy
Oil prices fell amid worries about oversupply, but expectations exporters will extend output cuts limited losses.
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Global crude oil discoveries plunge to record low, and it's gonna get worse

Apr 27 2:05pm Energy
The International Energy Agency warns that insufficient investment could lead to a tightening of global oil supplies.
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Why the crude rally has fizzled, concluded: Market analysis series

Apr 27 1:51pm The Barrel Blog
This is the third and final segment of a three-part look at why oil prices have failed to rally despite OPEC’s best efforts at managing supply cuts. Not only have prices failed to rally, both NYMEX WTI and ICE Brent have fallen around 9\% over the past three weeks. In case you missed them, be […] The post Why the crude rally has fizzled, concluded: Market analysis series appeared first on The Barrel Blog.
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Flynns former top deputy: I was apoplectic when I learned about RT payment

Apr 27 1:50pm Energy News Headlines - Yahoo! News
The Defense Department is investigating whether retired Lt. Gen. Michael Flynn, President Trump’s former national security adviser, violated federal ethics rules.
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Futures Now: Crude oil gets crushed

Apr 27 12:52pm Energy
The "Futures Now" team discusses the move in crude oil with Jackie DeAngelis.
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Op-Ed: Why Trump's $1 trillion infrastructure plan may be 'dead on arrival'

Apr 27 11:27am Energy
Trump's $1 trillion infrastructure plan can't work if we don't solve this big problem, says John Boncher.
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Oil prices are tanking, now below $49 a barrel at a 4-week low

Apr 27 10:55am Energy
Gas prices further deteriorated and the dollar spiked after the European Central Bank's latest interest rate decision.
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Losses for Benchmark crude oil are accelerating

Apr 27 10:36am Energy
U.S. cruse oil prices broke below $49 a barrel on Thursday, accelerating its losing streak.
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Oil prices extend losses as gasoline futures deteriorate, Libya restores output

Apr 27 10:03am Energy
Oil prices fell amid worries about oversupply, but expectations exporters will extend output cuts limited losses.
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Cyclone Debbie swings China into metallurgical coal supplier

Apr 27 10:01am The Barrel Blog
Tropical Cyclone Debbie has left more than uprooted trees and overturned boats in its wake: The seaborne metallurgical coal market has also been upended, with China coming out as the top seller in the spot market from being the single largest buyer a year ago. The cyclone has caused huge supply disruptions to the seaborne […] The post Cyclone Debbie swings China into metallurgical coal supplier appeared first on The Barrel Blog.
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ACLU defends Coulter after Berkeley speech cancellation

Apr 27 9:46am Energy News Headlines - Yahoo! News
“For the future of our democracy, we must protect bigoted speech from government censorship,” stated David Cole, head of the ACLU, in Coulter's defense.
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Oil prices are tanking right now and just broke below $49 a barrel

Apr 27 9:46am Energy
Gas prices further deteriorated and the dollar spiked after the European Central Bank's latest interest rate decision.
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Oil prices extend losses as gasoline futures deteriorate, dollar spikes

Apr 27 9:12am Energy
Oil prices fell amid worries about oversupply, but expectations exporters will extend output cuts limited losses.
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EDF Energy Renewables adds three wind farms to UK portfolio

Apr 27 7:22am Energy
Three new U.K. wind farms are up and running, EDF Energy Renewables has announced.
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Need to 'skinny down' infrastructure approval process: Sean McGarvey

Apr 27 6:18am Energy
Michael Skelly, Clean Line Energy Partners, and Sean McGarvey, North America's Building Trade Unions, discuss what needs to happen to proceed with infrastructure projects in the U.S.
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Oil prices fall on oversupply

Apr 27 6:06am Energy
Oil prices fell on Thursday, weighed down by oversupply, but losses were limited.
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Why gas is so important, part two

Apr 27 4:30am Energy
Sustainable Energy takes a look at gas and its importance in the planet's energy mix.
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Why natural gas is so important, part one

Apr 27 4:28am Energy
Sustainable Energy takes a look at natural gas.
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A huge liquefied natural gas project is being built off the coast of Australia

Apr 27 1:38am Energy
Australia is home to a vast liquefied natural gas project. Sustainable Energy takes a look.
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Will OPEC extend output cuts?

Apr 27 12:48am Energy
There's a perception that oil markets are flooded due to non-OPEC output but fundamentals show demand will remain strong, says Richard Gorry, JBC Energy Asia.
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Oil prices fall on lingering oversupply concerns

Apr 26 9:52pm Energy
Oil prices dipped on Thursday, weighed down by a general sentiment of globally bloated markets.
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Let It Grow - Gas-focused E&Ps Doubling Down on Marcellus/Utica in 2017 Capex Plans

Apr 26 9:00pm RBN Energy - Accelerating energy market analytics through collaboration, networking and alliances
As a group, the nine natural gas-focused exploration and production companies that were analyzed in our Piranha! market study are forecasting a 62\% increase in capital spending in 2017 compared with 2016, a significantly higher percentage gain than their oil-focused and diversified counterparts. The driver of accelerated investment is the expected completion of natural gas infrastructure that will boost takeaway capacity from the Marcellus and Utica shales, the operational focus of eight of the nine gas-weighted E&Ps.  Expanded access to Canadian, Midwestern, Gulf Coast and export markets should significantly boost realizations and margin. Production growth by the nine E&Ps, which slowed to 4\% in 2016 after a 19\% rise in 2015, is expected to accelerate to 10\% in 2017 and to rise rapidly in 2018 and beyond. Today we continue our analysis of U.S. E&P capital spending and production trends by taking a deep dive into the investment strategies of the natural gas-weighted peer group.
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Cramer Remix: Billions of dollars could be about to flood the stock market

Apr 26 7:11pm Energy
Jim Cramer reviews the impact of President Trump’s proposed tax cuts, and finds one juicy perk.
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Cramer: The next big Trump stock is a Canadian company

Apr 26 6:53pm Energy
Jim Cramer says Canada-based pipeline company Enbridge stands to seriously benefit from the president's initiatives.
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White House vows to continue funding Obamacare, averting showdown with Democrats

Apr 26 4:46pm Energy News Headlines - Yahoo! News
The White House has assured Democrats it will continue to fund a key portion of Obamacare, clearing the way for negotiations on a series of spending bills to avoid a government shutdown, according to two sources familiar with the decision. House Minority Leader Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y., had demanded that Congress pay for the Affordable Care Act’s subsidies — which lower health care costs for 7 million people — as part of the emerging spending bill.
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Military preparations underway on North Korea, Trump aide says

Apr 26 4:29pm Energy News Headlines - Yahoo! News
A senior administration official who briefed reporters refused to be specific but spoke of possible economic as well as military responses on North Korea.
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Commodities tomorrow: 6-cent gain on day

Apr 26 4:00pm Energy
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
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Trump aims to lift Obama's offshore drilling limits. This is how he could do it

Apr 26 3:56pm Energy
President Trump has a few paths to open more U.S. waters to offshore drilling, but little opportunity for shortcuts.
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Here's the bad news in that bullish US crude stockpile report

Apr 26 3:41pm Energy
Oil prices rallied on a bigger-than-expected drop in crude stockpiles, but trouble is brewing in the energy complex.
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Oil settles at $49.62, eking out 6-cent gain after big fall in US crude stockpiles

Apr 26 2:32pm Energy
Oil prices edged higher on Wednesday after government data showed a surprisingly large drop in U.S. crude inventories.
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US commander not confident North Korea will refrain from nuclear assault

Apr 26 1:17pm Energy News Headlines - Yahoo! News
The US admiral in charge of a potential conflict with North Korea has said his goal is to bring Kim Jong-un “to his senses, not to his knees”, as the Trump administration signaled it intends to use economic and diplomatic pressure to denuclearize the peninsula. Tensions between the US and North Korea are white-hot ahead of an anticipated sixth nuclear test from Pyongyang and its accelerating long-range missile development.
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Oil prices rise after big draw in US crude inventories; gasoline sinks on fuel stock build

Apr 26 12:05pm Energy
Oil prices edged higher on Wednesday after government data showed a surprisingly large drop in U.S. crude inventories.
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Russia says U.S. missile strike on Syria was a threat to its forces

Apr 26 9:33am Energy News Headlines - Yahoo! News
Russian Defence Minister Sergei Shoigu complained on Wednesday that a U.S. missile strike on a Syrian air base earlier this month had posed a threat to Russian troops and was forcing Moscow to take extra measures to protect them. Speaking at a security conference in Moscow, Shoigu restated Russia's view that the strike -- which Washington conducted in response to what it said was a deadly chemical weapons attack by Syrian government forces -- was a crude violation of international law. U.S. officials said at the time that they had informed Russian forces ahead of the strikes.
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US shale oil rebound shakes OPEC

Apr 26 9:00am The Barrel Blog
How low can the costs of US shale oil production go? Even with oil prices hovering around the $50/b mark, the US rig count has increased rapidly while E&P companies continue to record substantial reductions in well drilling costs. The increase in new well oil production per rig demonstrates the extraordinary gains the shale drillers […] The post US shale oil rebound shakes OPEC appeared first on The Barrel Blog.
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Oil price slips on bulging US crude and gasoline stocks, ample global supplies

Apr 26 8:49am Energy
Oil prices weakened on Wednesday as data showed a rise in U.S. crude inventories.
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Trump lashes out after judge bats down another immigration order

Apr 26 7:26am Energy News Headlines - Yahoo! News
President Trump lashed out early Wednesday after a federal judge issued a temporary injunction against his "sanctuary cities" executive oder. Trump said he'd take it to the Supreme Court.
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China continues to lead global wind energy market, says new report

Apr 26 7:09am Energy
A new report shows that more than 54 gigawatts of wind power were installed in 2016.
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Oil price slips on bulging US crude stocks, ample global supplies

Apr 26 5:48am Energy
Oil prices weakened further on Wednesday as data showed a rise in U.S. crude inventories.
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