No change of the indicator value may reduce the volatility of the related markets.
23 January
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Shale producers explain why they won’t increase drilling
The White House’s top energy advisor Amos Hochstein criticized shale drillers for their refusal to increase oil production. As it was stated by CEO of Pioneer Natural Resources Scott Sheffield, U.S. shale producers aren’t going to drill more.
22 December 2022
Cold weather isn’t expected to seriously affect oil and gas production in Texas
According to the weather forecast, Texas will experience this year’s coldest temperatures by the end of the week. At the same time, the change of weather is unlikely to impact oil and gas production and transportation.
22 December 2022
Chances of rising oil prices are increasing
On the one hand, oil prices remained in the range of minimum annual values, as the fear of possible recession is still strong and trading ahead of the holidays is less active. On the other hand, there is a suggestion that the price increase projected for next year has already begun.
22 December 2022
LNG market is set to tighten next year
Energy demand in Asia was seen rising in recent weeks, which was partially triggered by the return of China to the liquefied natural gas (LNG) spot market. Easing of COVID-19 quarantine protocols in China may be the reason why the Atlantic and Pacific basins will have to compete for LNG next year.
22 December 2022
ANZ: Inflation and weak dollar are positive for gold
Inflation in the United States, which turned out to be lower than expected, is putting pressure on the U.S. currency. According to economists at ANZ Bank, along with falling real yields, this has helped gold prices to reach the value of $1,800 an ounce again.
22 December 2022
Market analysts note the growth of long speculative positions for silver and gold futures
Analysts note an increase in the volume of long speculative positions in silver and gold futures. At the same time, short positions are being reduced. In other words, investors believe in further growth of precious metals.
22 December 2022
Commodity markets could face consequences of investment deficit in 2023
According to a Goldman Sachs analyst review, in 2023 commodity markets may face the consequences of lack of investment. It was noted that even a significant increase in prices at the beginning of the year did not lead to an increase in commodity projects’ investment.
22 December 2022
Oil prices to return to the level of $100 per barrel in 2023
Oil is likely to hit $100 per barrel in 2023. This is reported by Eric Nuttall, senior portfolio manager at Ninepoint Partners LP, in his interview with the Financial Post.
22 December 2022
Oil price may exceed $120 if China overcomes Covid
S&P Global Vice Chairman Daniel Yergin stated that after the easing of restrictions against COVID, China's economy will reopen and oil prices can reach $121.
22 December 2022
IEEFA: Recent oil spill proves that Keystone XL pipeline shouldn't be built
The recent oil spill on TC Energy's existing Keystone pipeline was an additional push to deny permission to build the Keystone XL pipeline.
22 December 2022
