Live Trading News » Energy

Commodities; Crude Oil ends the Week 2.3% Lower, Nat Gas Gains 4.4%

Paul A Ebeling Jr — Sat, 25 May 2013 16:14:01 +0000

Commodities; Crude Oil ends the Week 2.3% Lower, Nat Gas Gains 4.4% Jul Crude Oil lifted off its session low of 93.04 set moments after floor trade opened and trended higher for the remainder of the session. Despite a good effort, the energy component settled 3 cents in the Red at 94.11, slightly below its [...]

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Gold Survey Participants Split on Views

Paul A Ebeling Jr — Sat, 25 May 2013 15:59:24 +0000

Gold Survey Participants Split on Views There is a 50/50 split Bull/Bear-Netural; between Gold survey participants this week, of the 30+ participants, 28 responded this week, 14 see prices up, while 9 see prices down and 5 see prices moving sideways or are Neutral. The participants are; bullion dealers, investment banks, futures traders, money managers [...]

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Gold, Silver and Crude Oil Trade

Paul A Ebeling Jr — Thu, 23 May 2013 19:05:00 +0000

Gold, Silver and Crude Oil Trade US Gold futures prices finished pit trade higher Thursday. The “risk-off” trader attitudes in world Thursday prompted good safe-haven demand, something the precious Yellow metal has not experienced in quite some time and an indication the Gold Bulls are showing resilience. Short covering was also featured Thursday. Comex Jun [...]

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Nat Gas Prices Rise Slightly on Modest Rise in Stocks

Paul A Ebeling Jr — Thu, 23 May 2013 19:02:01 +0000

Nat Gas Prices Rise Slightly on Modest Rise in Stocks UNG, OIH The US Energy Information Administration (EIA) Thursday reported the US Nat Gas stocks increased by 89-B cubic feet last week, at the lower end of a range of an expected build of between 87 and 100-B cubic feet anticipated by analysts. Nat Gas [...]

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Crude Oil Futures Fall, Gasoline Inventories Rise

Paul A Ebeling Jr — Wed, 22 May 2013 19:21:33 +0000

Crude Oil Futures Fall, Gasoline Inventories Rise USO, UGA, BNO The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial Crude Oilinventories decreased by 300,000 bbls last week, bringing the total US commercial Crude Oil inventory to 394.6-M bbls, well above the upper limit of the 5 yr range [...]

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Alternative Energy Partners Inc (OTCBB:AEGY) Trade Alert

Shayne Heffernan — Wed, 22 May 2013 13:20:35 +0000

Alternative Energy Partners Inc (OTCBB:AEGY) Trade Alert Technical Outlook Short Term: Oversold Intermediate Term: Bullish Long Term: Bullish Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish. Alternative Energy Partners Inc (OTCBB:AEGY) is currently 118.6% above its [...]

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Gold, Silver and Crude Oil Price Preview

Paul A Ebeling Jr — Tue, 21 May 2013 20:00:56 +0000

Gold, Silver and Crude Oil Price Preview US old futures prices ended the US pit trade lower Tuesday. The market had a technical move, and some chart consolidation following the move higher late Monday. Comex Jun Gold last traded down 9.30 at 1,374.80 oz. Spot Gold was last quoted down 17.00 at 1,377.50 oz. Jul [...]

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Silver Price Technicals

Shayne Heffernan — Tue, 21 May 2013 17:06:28 +0000

Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bullish Silver currently 25.7% below its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with [...]

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ARCHER ENTERTAINMENT (OTCMKTS:AEMC) Trade Alert

Shayne Heffernan — Tue, 21 May 2013 13:36:52 +0000

ARCHER ENTERTAINMENT (OTCMKTS:AEMC) Trade Alert Building on strong market knowledge and AEMC’s new oil and gas asset portfolio, AEMC leverage on a wide span of activities across all commodities and regions. AEMC transfer energy and commodity-related risks to the market for the entire AEMC group. These efforts are the basis for increased customer value, fulfilling [...]

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Oil Price Moving Higher

Shayne Heffernan — Tue, 21 May 2013 06:34:24 +0000

Oil Price Moving Higher Crude Oil (Jun 13) intraday: further upside. Pivot: 95.20 Our preference: LONG positions above 95.2 with targets @ 97.1 & 98. Alternative scenario: The downside penetration of 95.2 will call for 94.4 & 93.25. Comment: the June Crude Oil stands within a bullish channel. Opinion published is an intraday view. Green [...]

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Gold, Silver and Crude Oil Trade

Paul A Ebeling Jr — Mon, 20 May 2013 19:33:49 +0000

Gold, Silver and Crude Oil Trade US Gold and Silver futures prices suddenly moved higher midday Monday, to reverse early losses, and finished pit trade higher and near their daily highs. Heavy Short covering and bargain hunting were seen during the turnarounds. The Key outside markets were also in a Bullish mode for Gold and [...]

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Gold, Silver and Oil Trading Preview

Shayne Heffernan — Sun, 19 May 2013 11:00:59 +0000

The Overall Fundamentals The latest report by the World Gold Council indicated that, in Q-1 of this year, recovery in the jewelery sector since Q-4 of Y 2012 continued but investment demand declined relative to Q-1 of Y 2012 and was solely attributable to the net outflows from ETFs. The ETF outflow upstaged the strong [...]

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Gold Investor Sentiment, the Bulls Vs. the Bears

Shayne Heffernan — Sun, 19 May 2013 10:35:50 +0000

Gold Investor Sentiment, the Bulls Vs. the Bears Bullish Sentiment Toward Gold Lowest in 4 yrs + Gold has been on the decline for the last 7 months, the price fell from 1,800 level to a low below 1,325 in April. This price decline action created several interesting and historic developments. In April when the [...]

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Gold, Silver and Crude Oil Trade

Paul A Ebeling Jr — Thu, 16 May 2013 18:54:57 +0000

Gold, Silver and Crude Oil Trade BLK US Gold posted losses Thursday but prices finish well off of the daily low following some weaker than expected US economic data. Gold has been dropping for the past week and brushed a 4-wk low Thursday. The near-term technical posture of the precious Yellow metal is firmly Bearish. [...]

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Wave Power China Green Energy

Shayne Heffernan — Thu, 16 May 2013 15:29:55 +0000

Wave Power China Green Energy During last week, Eco Wave Power’s founders, Mr. David Leb (Founder and CEO) and Ms. Inna Braverman (Co-Founder & Marketing Director) arrived to Kempinski Hotel in Beijing in order to sign an initial collaboration agreement between EWP and a Chinese Governmental fund. The agreement was executed in an official signing [...]

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The Gold Price Report

Paul A Ebeling Jr — Thu, 16 May 2013 09:29:54 +0000

GOLD: Soros Fund lowered its investment in the SPDR Gold Trust (55% this year). GOLD: Funds run by Northern Trust and Blackrock also showed reductions in holdings. GOLD: India, gold premiums more than doubled to $40 an ounce yesterday. EURO-ZONE inflation rate dipped to 1.2 % in April from 1.7 % in March. EURO-ZONE: GDP [...]

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US Senate Bill would open MLP business structure to renewable energy

Paul A Ebeling Jr — Thu, 16 May 2013 09:05:56 +0000

US Senate Bill would open MLP business structure to renewable energy Legislation recently introduced in the US Senate seeks to level the energy playing field between fossil and renewable energy projects. The bill, titled the Master Limited Partnerships Parity Act, would allow investors in renewable energy projects access the corporate structure of master limited partnerships. [...]

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Indonesia to simplify business license for the Crude Oil, Nat Gas sector

Paul A Ebeling Jr — Thu, 16 May 2013 08:52:49 +0000

Indonesia to simplify business license for the Crude Oil, Nat Gas sector Indonesian President Susilo Bambang Yudhoyono said Wednesday that the government would simplify licensing for investment on oil and gas sector, in a bid to attract investment. President Yudhoyono said that the number of license for exploration and production that had to be owned [...]

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Crude Oil Futures Fall, Gasoline Inventories Rise

Paul A Ebeling Jr — Wed, 15 May 2013 19:43:24 +0000

Crude Oil Futures Fall, Gasoline Inventories Rise USO, UGA, BNO The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial Crude Oil inventories decreased by 600,000 bbls last week, bringing the total US commercial crude inventory to 394.9-M bbls, still well above the upper limit of the 5-yr range [...]

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Praxair NYSE:PX is Building Chinese Base

Paul A Ebeling Jr — Wed, 15 May 2013 12:01:39 +0000

Praxair NYSE:PX is Building Chinese Base Globally leading industrial gas provider Praxair NYSE:PX has started to build a liquid oxygen production base in Chongqing, the largest of its kind in China, it announced Tuesday. Upon its completion in late Y 2014, the base is expected to provide 5,000 tonnes of liquid oxygen per day to [...]

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IEA reports, the US Will Lead Crude Oil Supply Recovery

Paul A Ebeling Jr — Wed, 15 May 2013 11:47:53 +0000

IEA reports, the US Will Lead Crude Oil Supply Recovery The world’s reliance on Oil supply from OPEC and other large producing nations from Russia to several in Africa will end soon, as they are supplemented by US output. That, in turn, means Crude Oil demand may not strain the global market and, as it [...]

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Google NASDAQ:GOOG, Likes Renewable Energy

Paul A Ebeling Jr — Tue, 14 May 2013 18:54:01 +0000

Google NASDAQ:GOOG, Likes Renewable Energy Google has spent billions over the past few years investing in renewable energy projects and trying in general to cut its impact on the environment. Google is a successful business, and these investments have not been just for the benefit of the environment, or to increase their sense of well [...]

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Gold, Silver and Crude Oil Trade

Paul A Ebeling Jr — Tue, 14 May 2013 18:49:10 +0000

Gold, Silver and Crude Oil Trade US Gold futures prices finished pit trade lower Tuesday on a stronger USD, and weaker Crude Oil prices. The near-term technical outlook for Gold and Silver Bearish. Jun Comex Gold last traded down 9.50 at 1,425.00 oz Spot Gold was last quoted down 4.80 at 1,426.50 oz Jul Comex [...]

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US Retail Gasoline Price + 6.5 Cents in Week

Paul A Ebeling Jr — Tue, 14 May 2013 08:05:16 +0000

US Retail Gasoline Price + 6.5 Cents in Week TSO, PSX, XOM The national average retail price of regular gasoline rose 6.5 cents to $3.603 gal in the week ended Monday, the Energy Information Administration said. The price is the highest since 8 April. Pump prices rose across the nation, led by a rise on [...]

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Gold, Silver and Crude Oil Trading

Paul A Ebeling Jr — Mon, 13 May 2013 18:48:50 +0000

Gold, Silver and Crude Oil Trading US Gold futures prices finished pit trade Monday with small losses. The Key outside markets were in a Bearish mode for the precious metals, as the USD index firmed and Crude Oil prices off some. Jun Comex Gold last traded – 1.30 at 1,435.40 oz. Spot Gold was last [...]

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ARCHER ENTMT MDA CMNS (PINK:AEMC) Gets Ready for Oil and Gas

Shayne Heffernan — Mon, 13 May 2013 13:50:52 +0000

ARCHER ENTMT MDA CMNS (PINK:AEMC) Gets Ready for Oil and Gas Big promote is due to coincide with the announcement of the first project ARCHER ENTMT MDA CMNS (PINK:AEMC) is an Oil and Gas exploration company that offers the following three key attributes: 1) We have targeted a number a very large acreage position with [...]

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Gold, Silver, Oil Weekly Preview

Paul A Ebeling Jr — Sun, 12 May 2013 11:34:52 +0000

The Overall Technicals Comex Gold (GC) Gold’s consolidation extended last week and despite the dip, it is staying above the minor support at 1404.0. So, this consolidation may continue and another rise cannot be ruled out. But, a s long as the resistance holds at 1526.7, my outlook will stay Bearish. A break below 1404 signals that recovery is [...]

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Gold’s rebound stopped as fund outflows continued Friday

Paul A Ebeling Jr — Sun, 12 May 2013 11:15:41 +0000

Gold’s rebound stopped as fund outflows continued Friday The sharp rebound in the precious Yellow metal from 2 wks ago was not sustainable due to the ongoing capital shifts into equities, an expert on precious metal said Saturday. The price of Gold lost 2.5% during the last week and trades now at around 1,488 oz. [...]

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Barclays NYSE:BCS Sees Platinum, Palladium Staying at a Deficit this Year

Shayne Heffernan — Sun, 12 May 2013 11:07:51 +0000

Barclays NYSE:BCS Sees Platinum, Palladium Staying at a Deficit this Year JPM, PPLT Barclays looks for Platinum and Palladium to remain in supply deficits this year. The bank says South Africa’s supply-side challenges, auto-catalyst recycling and weak European demand are likely to be the dominant themes at Platinum Week events this week, which include the [...]

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Gold Could Rise Further, But Needs Support From ETFs

Paul A Ebeling Jr — Sun, 12 May 2013 11:02:43 +0000

Gold Could Rise Further, But Needs Support From ETFs NMR, GLD Gold prices are up from the lows notched in April, supported by strong physical demand from Asia, but selling out of Gold exchange-traded funds is limiting gains, said Nomura NYSE:NMR. “While we think Gold is likely to rise, it needs a turn from Gold [...]

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Gold Price: Buy the Dips

Shayne Heffernan — Fri, 10 May 2013 13:15:06 +0000

Gold Price: Buy the Dips GOLD (Spot) intraday: the downside prevails. Pivot: 1449.00 Our preference: SHORT positions below 1449 with targets @ 1430 & 1423. Long Term: The upside penetration of 1449 will call for a rebound towards 1462 & 1476. Comment: the immediate trend remains down and the momentum is strong. Opinion published is [...]

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Oil Price Continues Higher

Shayne Heffernan — Fri, 10 May 2013 13:12:43 +0000

Crude Oil (Jun 13) intraday: the bias remains bullish. Pivot: 94.85 Our preference: LONG positions above 94.85 with 96.75 & 97.2 in sight. Alternative scenario: The downside penetration of 94.85 will call for 93.7 & 92.95. Comment: the RSI is mixed and calls for caution. Opinion published is an intraday view. Green Lines Represent Resistance [...]

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Nat Gas Futures Weighed Down by Rise in Inventory

Paul A Ebeling Jr — Fri, 10 May 2013 10:30:59 +0000

Nat Gas Futures Weighed Down by Rise in Inventory OIH, UNG The US Energy Information Administration (EIA) today reported the US Nat Gas stocks increased by 88-B cubic feet last week, above the expected build of about 83 billion cubic feet anticipated by analysts. Natural gas futures prices were down nearly 2% in advance of [...]

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Resolute Energy (NYSE: REN) to Trade Under $8 on New Offering

Shayne Heffernan — Thu, 09 May 2013 09:43:20 +0000

Resolute Energy (NYSE: REN) to Trade Under $8 on New Offering Resolute Energy Corporation (“Resolute” or the “Company”) (NYSE: REN) announced today the pricing of a previously announced registered underwritten public offering of 13,250,000 shares of common stock offered by the Company and 3,000,000 shares of common stock offered by certain selling stockholders. All of [...]

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Oil Price Moving Higher

Shayne Heffernan — Thu, 09 May 2013 08:01:16 +0000

Oil Price Moving Higher Crude Oil (Jun 13) intraday: further advance. Pivot: 94.85 Our preference: LONG positions above 94.85 with targets @ 97.2 & 98. Alternative scenario: The downside breakout of 94.85 will open the way to 93.7 & 92.95. Comment: the RSI is supported by a bullish trend line. Opinion published is an intraday [...]

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Gold Up on Strong Demand from Asia

Paul A Ebeling Jr — Thu, 09 May 2013 07:51:41 +0000

Gold Up on Strong Demand from Asia Gold futures on the COMEX division of the New York Merc rose Wednesday to the highest level since 12 April on strong demand from Asia. The most active gold contract for June delivery gained 24.9, or 1.72% to settle at 1,473.7 oz. Demand for physical Gold from Asia, [...]

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Gold, Silver, Copper and Crude Oil Trade

Paul A Ebeling Jr — Wed, 08 May 2013 19:02:48 +0000

Gold, Silver, Copper and Crude Oil Trade US Gold futures finished pit trade higher Wednesday driven by upbeat economic data from China and by Bullish outside market forces, e.g. a lower USD index and firmer Crude Oil prices. Jun Comex Gold last traded + 24.20 at 1,473.00 oz. Spot Gold was last quoted + 21.50 [...]

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US Coastal States Governors Want More Offshore Drilling

Paul A Ebeling Jr — Wed, 08 May 2013 11:35:19 +0000

US Coastal States Governors Want More Offshore Drilling COP, RDS-A, RDS-B Governors of coastal states say the shadow cast by Deepwater Horizon has lingered too long, now they want more drilling off their coasts and they want to reap more of the benefits, they told an audience at the Offshore Technology Conference in Houston Monday. [...]

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Gold, Silver and Crude Oil Trading

Paul A Ebeling Jr — Mon, 06 May 2013 19:50:02 +0000

Gold, Silver and Crude Oil Trading US Gold futures prices finished pit trade higher Monday. The market found support in improving near-term technicals. The strong demand for physical Gold continues to support the market. Jun Comex Gold last traded + 4.20 at 1,468.40 oz. Spot Gold was last quoted – 1.50 at 1,469.50 oz. Jul [...]

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Ray Irani Out as Chairman of Occidental Petroleum NYSE:OXY

Paul A Ebeling Jr — Mon, 06 May 2013 15:38:15 +0000

Ray Irani Out as Chairman of Occidental Petroleum NYSE:OXY Occidental Petroleum Corp. who drew criticism over his compensation as CEO, is out. Ray R. Irani, 78 anni, will step down and be replaced by a former diplomat, Occidental announced Friday after its annual meeting. Shareholders cast their shares against him by more than a 3-to-1 [...]

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2013 North American Shale Plays Map

Shayne Heffernan — Mon, 06 May 2013 15:03:28 +0000

2013 North American Shale Plays Map Platts, a leading global energy, petrochemicals and metals information provider, has expanded its portfolio of maps with the release of its 2013 North American Shale Plays Map. Now in its second edition, this detailed, printed wall map presents in vivid color the key components of the burgeoning North American [...]

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Crude Oil Continues Rally

Shayne Heffernan — Mon, 06 May 2013 12:51:39 +0000

Crude Oil Continues Rally Crude Oil (Jun 13) intraday: the bias remains bullish. Pivot: 95.35 Our preference: LONG positions above 95.35 with targets @ 97.2 & 98. Alternative scenario: The downside penetration of 95.35 will call for 94.7 & 93.55. Comment: intraday support around 95.35 Opinion published is an intraday view. Green Lines Represent Resistance [...]

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Gold Price Looking to Move Higher

Shayne Heffernan — Mon, 06 May 2013 12:41:06 +0000

Gold Price Looking to Move Higher GOLD (Spot) intraday: bullish bias above 1463 Pivot: 1463.00 Our preference: LONG positions above 1463 with 1486 & 1491.5 as next targets. Alternative scenario: The downside penetration of 1463 will call for 1441 & 1418. Comment: a support base at 1463 has formed and has allowed for a temporary [...]

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US Should Eliminate Its Strategic Petroleum Reserve SPR

Paul A Ebeling Jr — Mon, 06 May 2013 08:53:58 +0000

US Should Eliminate Its Strategic Petroleum Reserve SPR The US is a nation awash in energy resources, and it should now sell the contents of its Strategic Petroleum Reserve (SPR) and use the proceeds to reduce the budget deficit, says Oil economist Phil Verleger, a visiting fellow at the Institute for International Economics. The SPR [...]

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Gold, Silver and Oil Prices

Paul A Ebeling Jr — Sun, 05 May 2013 08:35:06 +0000

Gold, Silver and Oil Prices Comex Gold (GC) The recovery from 1321.5 extended last week but showed sign of loss of momentum. This recovery is being viewed as a correction only. So, as long as resistance holds at 1526.7, the outlook stays Bearish. A move below 1404 signals that the recovery is finished and will [...]

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Market Report, Brent and Oman Crude Oil

Paul A Ebeling Jr — Sun, 05 May 2013 08:34:24 +0000

Market Report, Brent and Oman Crude Oil Some are suggesting that as Brent Crude Oil will enter the new trading week with an improved UK economic view and a vastly improved US economic view. Some minor shipping setbacks on North Sea cargos, refinery glitches in the US and the potential for higher Middle East official [...]

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Nat Gas Inventory Build Dampens Price

Paul A Ebeling Jr — Thu, 02 May 2013 18:16:12 +0000

Nat Gas Inventory Build Dampens Price UNG, OIH The US Energy Information Administration (EIA) today reported that the US Nat Gas stocks increased by 43-B cubic feet last week, substantially above the expected range for a build of about 28-B cubic feet anticipated by analysts. Nat Gas futures prices were down about 1% in advance [...]

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Time to Revive the Gold Standard

Paul A Ebeling Jr — Thu, 02 May 2013 17:46:55 +0000

Time to Revive the Gold Standard The prospects for the United States to implement a 21st Century Gold Standard are rising sharply, according to economist and author Ralph Benko. Mr. Benko acknowledged in a recent article the official and academic debate about establishing a new gold standard has been out of favor and even given [...]

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US Nat Gas Export Race, Winners and Losers

Paul A Ebeling Jr — Thu, 02 May 2013 11:26:55 +0000

US Nat Gas Export Race, Winners and Losers D The experts at Moody’s believe that many companies seeking permission to export US Nat Gas are likely to fail in their efforts to secure financing, obtain permits or overcome market forces, suggesting some of the concerns over swelling export levels are overblown. In a new report [...]

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Gold, Silver and Crude Oil Trading Preview

Paul A Ebeling Jr — Wed, 01 May 2013 19:58:00 +0000

Gold, Silver and Crude Oil Trading Preview US Gold futures finished the pit session with losses Wednesday up from the session low, on a general sell POV in the raw commodity sector, led by Crude Oil. Jun Comex Gold last traded down 14.30 at 1,457.80 oz. Spot Gold was last quoted down 21.30 at 1,456.25 [...]

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US Gasoline Prices Should Not Rise from Here, Crude Oil Supply Highest in 82 yrs

Paul A Ebeling Jr — Wed, 01 May 2013 19:53:38 +0000

US Gasoline Prices Should Not Rise from Here, Crude Oil Supply Highest in 82 yrs XOM, CVX Wednesday’s report on US Crude Oil and Gasoline inventories underscores a story I have been writing about for weeks, Crude Oil and Gasoline prices have to head South. US Crude Oil inventories rose by about 7-M bbls last [...]

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China emerges as world’s renewable energy powerhouse

Paul A Ebeling Jr — Wed, 01 May 2013 10:57:50 +0000

China emerges as world’s renewable energy powerhouse China has increased its renewable energy use to meet its international commitments to tackle climate change, according to a report by the Australian government’s Climate Commission released Monday. The report, namely the Critical Decade: Global Action Building on Climate Change, showed the world’s two largest economies, China and [...]

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Trading Preview, Gold, Silver and Crude Oil

Paul A Ebeling Jr — Tue, 30 Apr 2013 18:39:25 +0000

Trading Preview, Gold, Silver and Crude Oil US Gold futures finished pit trade Tuesday with modest gains. Bargain hunters stepped up, they see the near-term technical posture of the Gold market healing, suggesting a market bottom is formed. Some short covering, technical buying were seen Tuesday. The focus now is on the conclusion of the [...]

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Gold Price Under Pressure Short Term

Shayne Heffernan — Tue, 30 Apr 2013 13:44:23 +0000

Gold Price Under Pressure Short Term GOLD (Spot) intraday: turning down. Pivot: 1485.00 Our preference: SHORT positions below 1485 with 1448 & 1418 as next targets. Alternative scenario: The upside breakout of 1485 will open the way to 1507 & 1539. Comment: gold prices have broken below a rising trend line and are capped by [...]

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Greenhouse Gases from Farmland Underestimated

LiveTradingNews.com wire staff — Tue, 30 Apr 2013 11:06:01 +0000

Greenhouse Gases from Farmland Underestimated Changes in agricultural practices could reduce soil emissions of the Greenhouse Gas nitrous oxide and the atmospheric pollutant nitric oxide, according to a new study by scientists at the University of California, Davis. “Agriculture is the main source of nitrous oxide globally, so this study is a starting point to [...]

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Investors warned, diversify before Carbon bubble bursts

Paul A Ebeling Jr — Tue, 30 Apr 2013 11:03:36 +0000

Investors warned, diversify before Carbon bubble bursts BHP, RIO, WOPEY Coal investors could suffer heavy losses in the future as carbon assets are frozen by regulators to achieve global warming targets, a new research report has found. The report, “Unburnable Carbon: Australia’s carbon bubble,” launched jointly Monday by the Carbon Tracker Initiative and the Climate [...]

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John Paulson and the Gold Price

Shayne Heffernan — Mon, 29 Apr 2013 02:45:10 +0000

Paulson, I am Staying the Course on Gold Investor John Paulson told investors he is staying the course on Gold even though there may be more short term volatility in the price of the metal. The New York based hedge fund manager is sticking by his thesis that Gold will someday be a powerful hedge [...]

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Gold, Silver and Oil Prices This Week

Paul A Ebeling Jr — Sun, 28 Apr 2013 11:44:32 +0000

Gold, Silver and Oil Prices This Week The Overall Fundamentals Commodities recovered across the board last week on bargain hunting and short covering after the sharp selloff the week before. The Bullishness could be temporary and extension rallies from the current price levels are less likely, the market fundamentals are still weak overall. The spread [...]

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US Crude Oil Output Grows, LLS Discounts Ahead

Paul A Ebeling Jr — Sat, 27 Apr 2013 15:47:25 +0000

US Crude Oil Output Grows, LLS Discounts Ahead After reaching a multi-year high above $7 bbl in March, the premium of Louisiana Light Sweet Crude Oil over Brent Crude grade has shrunk closer to parity as supply disruptions on the US Gulf Coast eased, according to the US Energy Information Administration. Concerns over global economic [...]

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The Metals Hedge Fund: Inflation Protection

Shayne Heffernan — Fri, 26 Apr 2013 11:40:54 +0000

The Metals Hedge Fund: Inflation Protection Funds like HeffCap’s Metals Funds that have built a unique portfolio of Metals and Metal related derivatives and equities are set to see strong growth for the next few years. Marc Faber, S&P 500 Could Decline 40% Last month Economist Shayne Heffernan said, Sell in May, but start in [...]

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Chevron’s NYSE:CVX Dividend Hike Trumps Exxon Mobil’s NYSE:XOM

Paul A Ebeling Jr — Thu, 25 Apr 2013 19:27:18 +0000

Chevron’s NYSE:CVX Dividend Hike Trumps Exxon Mobil’s NYSE:XOM Chevron Corporation trumps rival Exxon Mobil Corporation ahead of both corporate earnings reports. Chevron had a high yield dividend compared to Exxon, but now the margin became even wider. Early Thursday Exxon lifted the dividend it pays by about 10.5% and that generated a yield of 2.81% [...]

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Trading Preview, Gold, Silver and Crude Oil

Paul A Ebeling Jr — Thu, 25 Apr 2013 19:03:21 +0000

Trading Preview, Gold, Silver and Crude Oil US Gold futures prices finished pit trade with strong gains and tapped a 2 wk high Thursday driven by technical buying and safe-haven demand. The worldwide demand for physical Gold is a good sign for the Gold market. Funds like HeffCap’s Metals Funds that have built a unique [...]

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US Mint Sales of Gold Coins Hit 3-yr High

Paul A Ebeling Jr — Thu, 25 Apr 2013 18:00:09 +0000

US Mint Sales of Gold Coins Hit 3-yr High Sales of Gold coins by the US Mint are heading for the highest total since December 2009 after prices in New York had the worst 2-day slump in 30 yrs. As of Wednesday, sales totaled 196,500 oz, up from 62,000 in March, data on the Mint’s [...]

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Nat Gas Inventory Report, Expectations Confirmed

Paul A Ebeling Jr — Thu, 25 Apr 2013 17:56:23 +0000

Nat Gas Inventory Report, Expectations Confirmed UNG, OIH The US Energy Information Administration (EIA) today reported the US Nat Gas stocks increased by 30-B cubic feet last week, with the expected range for a build of between 27 and 31-B cubic feet anticipated by analysts. Nat Gas futures prices were up about 2.2% in advance [...]

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China Cuts Fuel Prices, Demand Slows

Paul A Ebeling Jr — Thu, 25 Apr 2013 11:06:49 +0000

China Cuts Fuel Prices, Demand Slows China’s top economic planner announced Wednesday it will lower fuel prices due to declines in global CrudeOil prices, a move that will help control inflation levels in the world’s 2nd largest economy. Retail prices of gasoline will be cut by 395 Yuan (US$63.32) per tonne and diesel by 400 [...]

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Preview, Gold, Silver and Crude Oil Trade

Paul A Ebeling Jr — Wed, 24 Apr 2013 19:57:35 +0000

Preview, Gold, Silver and Crude Oil Trade US Gold futures prices finished pit trade higher Wednesday, as traders and investors continue to step in buying the dip in prices. Demand for physical Gold worldwide is strong after last week’s price plunge. Outside market forces were Bullish for Gold and Silver Wednesday, as the USD index [...]

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U.S. Oil & Gas Target of Foreign Investors

Shayne Heffernan — Wed, 24 Apr 2013 17:22:27 +0000

U.S. Oil & Gas Target of Foreign Investors Foreign Buyers Prop Up Deal Activity in the U.S. Oil & Gas Industry as Private Equity Pauses During First Quarter 2013, According to PwC US Q1 2013 Deal Volume and Value Increases Year-Over-Year Shale Deals Comprised 46% of Total Deal Volume The acceleration of deals at the [...]

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ICE NYSE:ICE to Launch 3 Contracts for Renewable Fuel Credits

Paul A Ebeling Jr — Wed, 24 Apr 2013 17:02:11 +0000

ICE NYSE:ICE to Launch 3 Contracts for Renewable Fuel Credits CME IntercontinentalExchange Inc. said it plans to launch 3 futures contracts for renewable-energy credits, becoming the latest exchange to capitalize on the surge of activity in the market. The exchange said it plans to launch the three contracts for renewable identification numbers, or RINs, starting [...]

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US Gasoline Supply Down Sharply

Paul A Ebeling Jr — Wed, 24 Apr 2013 16:49:49 +0000

US Gasoline Supply Down Sharply USO, UGA The US Energy Information Administration (EIA) released its weekly petroleum status report Wednesday. US commercial Crude Oil inventories increased by 900,000 bbls last week, bringing the total US commercial Crude Oil inventory to 388.6-M bbls, still well above the upper limit of the 5 yr range for this [...]

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Corn Market Recap

Paul A Ebeling Jr — Wed, 24 Apr 2013 03:04:46 +0000

Corn Market Recap May Corn finished down 7 1/4 at 638 1/2, 9 off the high and 1/2 up from the low. July Corn closed down 9 1/2 at 614. This was 3/4 up from the low and 11 1/4 off the high. May Corn traded lower Tuesday and Dec Corn made a new low [...]

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Iran, Crude Oil price below US$ 100 bbl is unreasonable

Paul A Ebeling Jr — Wed, 24 Apr 2013 02:57:05 +0000

Iran, Crude Oil price below US$ 100 bbl is unreasonable Iran’s Oil Ministry spokesman said Tuesday that Crude Oil price below US$100 bbl is “unreasonable”, Press TV reported. Alireza Nikzad-Rahbar said that Tehran is discussing falling crude oil prices with all member states of the Organization of the Petroleum Exporting Countries (OPEC) particularly with Saudi [...]

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Trading Preview, Gold, Silver and Crude Oil

Paul A Ebeling Jr — Tue, 23 Apr 2013 19:11:57 +0000

Trading Preview, Gold, Silver and Crude Oil US Gold futures finished pit trade lower Tuesday. Buying interest was limited by Bearish Key outside markets, including a firmer USD index and weaker Crude Oil prices. Strong demand for physical Gold did contained selling pressure. Jun Comex Gold last traded down 10.30 at 1,410.90 oz. Spot Gold [...]

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Gold Price to Move Higher

Shayne Heffernan — Tue, 23 Apr 2013 13:54:41 +0000

Gold Price to Move Higher GOLD (Spot) intraday: further advance. Pivot: 1391.00 Our preference: LONG positions above 1391 with 1439 & 1473 as next targets. Alternative scenario: The downside penetration of 1391 will call for 1363 & 1335. Comment: the RSI has just broken above a bearish trend line. Opinion published is an intraday view. [...]

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International Demand Rises for China Rare Earths in Q-1

Paul A Ebeling Jr — Tue, 23 Apr 2013 10:12:59 +0000

International Demand Rises for China Rare Earths in Q-1 Global demand for China’s rare earth metals rose in Q-1 on to falling prices despite domestic producers and processors reporting losses. Statistics from the General Administration of Customs suggest that rare earth exports rose 55% in March from February to 1,718 metric tons. Export volume in [...]

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Halliburton NYSE:HAL Boosts Deepwater Horizon Claim Reserves

Paul A Ebeling Jr — Mon, 22 Apr 2013 17:44:51 +0000

Halliburton NYSE:HAL Boosts Deepwater Horizon Claim Reserves RIG, BP Monday, Halliburton Co. said that it is in advanced stages of talks to settle private claims stemming from the 2010 Deepwater Horizon rig explosion, and it is setting aside an additional $1-B to pay for a possible deal. The company added $1 billion, or $637 million [...]

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Halliburton Company (NYSE:HAL) Still Value

Shayne Heffernan — Mon, 22 Apr 2013 12:56:50 +0000

Halliburton Company (NYSE:HAL) Still Value Halliburton Company (NYSE:HAL) still offers value, the stock is trading at less than 14 times earnings during a depressed period for oil prices, Halliburton Company (NYSE:HAL) is a long term growth stock due to the the major worldwide increase in oil and gas reserves, and an increasing demand for drilling [...]

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Gold, Silver and Oil Trading Preview

Paul A Ebeling Jr — Sun, 21 Apr 2013 16:21:18 +0000

The Overall Fundamentals Major market sentiment was dampened due to an act of terrorism in Boston along with weaker than expected US economic data. Wall Street dipped with the DJIA and the S&P 500 indices losing 1.79% and 2.30% respectively. Commodities also declined. The economic data, the US Empire State manufacturing index fell to 3.1 [...]

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Antibiotic Resistant Superbugs Crawl Into US Food System

Paul A Ebeling Jr — Fri, 19 Apr 2013 20:28:09 +0000

Antibiotic Resistant Superbugs Crawl Into US Food System Antibiotic-resistant bacteria called “superbugs” are entering the nation’s food system and endangering consumers at an alarming rate, according to researchers who analyzed data from the federal government. The Environmental Working Group said Monday that it had revied studies from the National Antimicrobial Resistance Monitoring System published in [...]

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Baker Hughes Incorporated (NYSE: BHI) Earnings Summary

Shayne Heffernan — Fri, 19 Apr 2013 10:50:37 +0000

Baker Hughes Incorporated (NYSE: BHI) announced today adjusted net income (a non-GAAP measure) for the first quarter of 2013 of $290 million or $0.65 per diluted share. This compares to net income of $0.49 per diluted share for the fourth quarter of 2012, and $0.86 per diluted share for the first quarter of 2012. Adjusted [...]

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Russia and China’s Oil Giants Raise Billions

Paul A Ebeling Jr — Fri, 19 Apr 2013 10:06:29 +0000

Russia and China’s Oil Giants Raise Billions SPN, SHI Investing in Russia and investing in China are not exactly the easiest places for US institutions to commit billions of dollars for exposure. There are Russian ETFs and China ETFs and there are large public companies there. There are also ADRs that trade in New York [...]

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Gold, Silver and Crude Oil Trading Preview

Paul A Ebeling Jr — Thu, 18 Apr 2013 20:20:42 +0000

Gold, Silver and Crude Oil Trading Preview BLK US Gold future prices finished pit trade with moderate gains Thursday, making a good recovery from the selling pressure during Asian trading hours. Jun Comex Gold last traded + 9.00 at 1,391.70 oz. Spot Gold was last quoted + 14.30 at 1,392.25 oz. May Comex Silver last [...]

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Physically Delivered 1,000 oz. Silver Futures Contract

Shayne Heffernan — Thu, 18 Apr 2013 15:56:53 +0000

Physically Delivered 1,000 oz. Silver Futures Contract CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of a new physically delivered Silver (1,000 oz.) futures contract, scheduled to begin trading in June 2013. This contract will be listed with, and subject to, the rules and regulations of COMEX. “We’re introducing [...]

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Gold, Silver and Crude Oil Trading Preview

Paul A Ebeling Jr — Wed, 17 Apr 2013 20:02:54 +0000

Gold, Silver and Crude Oil Trading Preview Comex Gold futures prices finished pit trade moderately lower Wednesday, pressured by Bearish outside market forces that included a sharply higher USD index and sharply lower Crude Oil prices. Jun Comex gold last traded -12.20 at 1,375.40 oz. Spot Gold was last quoted + 6.30 at 1,376.00 oz. [...]

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US Crude Oil Futures Hold Losses After Inventory Data

Paul A Ebeling Jr — Wed, 17 Apr 2013 16:51:59 +0000

US Crude Oil Futures Hold Losses After Inventory Data USO, UGA The US Energy Information Administration said its measure of demand for the motor fuel fell 1.1% to 8.3-M BPD during the week ended 12 April, the lowest level for that week in 16 yrs. The decline in demand followed weeks of disappointing economic headlines, [...]

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Should You Be Selling Your Gold Too?

Paul A Ebeling Jr — Wed, 17 Apr 2013 16:41:23 +0000

Should You Be Selling Your Gold Too? CME The US Comex Gold futures fell 4.06% last Friday and 9.34% Monday. The Monday’s percentage fall was the largest since Y 1983. The Gold futures traded at a record high of 751,058 contracts at the CME. On Tuesday in New York, the Gold futures rebounded 1.93% to [...]

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Oil Price Under Pressure

Shayne Heffernan — Wed, 17 Apr 2013 13:22:45 +0000

Crude Oil (May 13) intraday: the downside prevails. Pivot: 89.00 Our preference: SHORT positions below 89 with 86 & 84.2 as next targets. Alternative scenario: The upside penetration of 89 will call for a rebound towards 90.4 & 91.45. Comment: as long as 89 is resistance, look for choppy price action with a bearish bias. [...]

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Gold Price Outlook

Shayne Heffernan — Wed, 17 Apr 2013 13:21:38 +0000

Gold Price Outlook GOLD (Spot) intraday: rebound expected. Pivot: 1363.00 Our preference: LONG positions above 1363 with 1413 & 1444 in sight. Alternative scenario: The downside penetration of 1363 will call for 1322 & 1295. Comment: the RSI is supported by a rising trend line. Opinion published is an intraday view. Green Lines Represent Resistance [...]

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Shanghai, Customers search stores for Bargain Gold

Paul A Ebeling Jr — Wed, 17 Apr 2013 09:38:12 +0000

Shanghai, Customers search stores for Bargain Gold Without hesitation she swiped her card, paying 12,600 Yuan (US$2,032) for the items, a gift to her daughter who is getting married soon. The set, which included a pair of earrings, a necklace and a bracelet, cost around 14,000 Yuan just a week ago. “I’ve been waiting for [...]

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Australia will be world’s largest or 2nd largest LNG exporter by 2018

Paul A Ebeling Jr — Wed, 17 Apr 2013 08:59:57 +0000

Australia will be world’s largest or 2nd largest LNG exporter by 2018 Australia is expected to become the world’s largest or 2nd-largest liquefied natural gas (LNG) exporter by Y 2018, thanks to the continued expansion of its LNG sector, a top Australian energy official said Tuesday. Addressing the 17th International Conference and Exhibition on Liquefied [...]

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Where is the World’s Gold?

Paul A Ebeling Jr — Wed, 17 Apr 2013 08:54:54 +0000

Where is the World’s Gold? Below are nations with largest Gold reserves as measured by metric tons (tonnes). LTN’s list includes the International Monetary Fund IMF and the European Central Bank ECB. 1. The United States, static at 8,133.5 tonnes 2, Germany, down slightly at 3,391.3 tonnes (April 2013), Vs 3,401.8 tonnes in late Y [...]

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US Crude Oil Production Sets Record in 2012

Paul A Ebeling Jr — Wed, 17 Apr 2013 08:50:22 +0000

US Crude Oil Production Sets Record in 2012 While advocates of solar, wind and other “Green” energy some are saying that renewable energy is the future, technological advances in the Oil and Gas industries will lead to abundant supplies well into the future, I have been saying for years that Peak Oil is a myth, [...]

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Organic Farming in Indonesia

Shayne Heffernan — Tue, 16 Apr 2013 18:53:40 +0000

The organic foods stocking the shelves of Indonesian supermarkets might not actually be organic, the Ministry of Trade warned on Tuesday. More than 70 percent of Indonesia’s organic farms lack the necessary certificates proving the products are actually organic, the director general of standards and consumer protection at the Ministry of Trade said. “From the [...]

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Bounce in Gold and Silver, Crude Oil Off

Paul A Ebeling Jr — Tue, 16 Apr 2013 16:58:33 +0000

Bounce in Gold and Silver, Crude Oil Off CME, GS US Gold prices are posting gains in calmed trading Tuesday, following Monday’s dive. Bargain hunters are stepping in after prices fell to a 26-month low of 1,321.50 overnight. Heavy physical buying in Asia overnight helped boost Gold’s prices. Jun Comex Gold last traded + 32.00 [...]

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SPDR Gold Trust (ETF) (NYSEARCA:GLD) Technicals

Shayne Heffernan — Tue, 16 Apr 2013 12:55:09 +0000

SPDR Gold Trust (ETF) (NYSEARCA:GLD) Technicals Bollinger Bands SPDR Gold Trust (ETF) (NYSEARCA:GLD) closed below the lower band by 43.7%. Although prices have broken the lower band and a downside breakout is possible, the most likely scenario is for the current trading range that SPDR GOLD TRUST is in to continue. Making the picture somewhat [...]

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Gold Price Continues Lower

Shayne Heffernan — Tue, 16 Apr 2013 08:34:36 +0000

GOLD (Spot) intraday: the downside prevails. Pivot: 1385.00 Our preference: SHORT positions below 1385 with 1322 & 1295 as next targets. Alternative scenario: The upside penetration of 1385 will call for a rebound towards 1413 & 1458. Comment: the immediate trend remains down and the momentum is strong. Opinion published is an intraday view. Green [...]

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Gold, Silver and Crude Oil Trading

Paul A Ebeling Jr — Mon, 15 Apr 2013 19:25:59 +0000

Gold, Silver and Crude Oil Trading Gold and Silver prices finished lower on panic selling Monday driving both market to more-than 2 yr lows. Fear is in the raw commodity sector this week as the 2 session, 175+ drop in Gold prices also sent Crude Oil prices sharply lower and has spooked the market. Silver [...]

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Marc Faber on Gold

Paul A Ebeling Jr — Mon, 15 Apr 2013 15:14:52 +0000

Marc Faber on Gold GLD, GDX, GDXJ Marc Faber has maintained his Bullish outlook on Gold for long-term. Recently, he penned an article, Why I am not selling Gold? Considering the arguments presented in the article, there is no doubt in his mind that the Bull market in Gold is far from over. Asset classes [...]

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China Slows Oil Falls

Shayne Heffernan — Mon, 15 Apr 2013 07:44:59 +0000

Oil prices fell sharply in Asian trade Monday after China’s first quarter economic growth came in below expectations, with sentiment also weighed by forecasts of weaker global demand. New York’s main contract, light sweet crude for delivery in May dropped US$1.63 to US$89.66 a barrel and Brent North Sea crude for May shed US$1.39 to [...]

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Enersis SS, NYSE:ENI to strengthen Oil and Gas business in Indonesia

Paul A Ebeling Jr — Mon, 15 Apr 2013 07:15:39 +0000

Enersis SS, NYSE:ENI to strengthen Oil and Gas business in Indonesia Italy’s biggest Crude Oil and Nat Gas firm ENI will raise investment in Indonesia to make the country its major presence in the world, a top official of the firm said Friday. Eni’s CEO Paulo Sacroni told a joint press conference with Indonesian Energy [...]

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Gold, Silver and Oil Price Update

Paul A Ebeling Jr — Mon, 15 Apr 2013 07:09:15 +0000

Last Week Gold Broke Below 1500 on Fed’s FMOC Minutes and a Rumored of Cyprus Gold Sales The Overall Fundamentals The Fed minutes for the March FMOC meeting raised expectations that the central bank might slow QE measures later this year, though no details have been released. Gold prices were dampened because [...]

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US Nat Gas Rigs Count Added +2 Units Last Week

Paul A Ebeling Jr — Sun, 14 Apr 2013 07:56:17 +0000

US Nat Gas Rigs Count Added +2 Units Last Week BHI Baker Hughes NYSE:BHI reported that the number of Nat Gas rigs increased +2 units to 377 in the week ended 12 April. Crude Oil rigs gained +30 units to 1 387 while miscellaneous rigs added +1 unit to 7. The total number of rigs [...]

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Draghi, Cyprus Gold Sales Must Cover Emergency-Loan Loss

Paul A Ebeling Jr — Fri, 12 Apr 2013 16:51:17 +0000

Draghi, Cyprus Gold Sales Must Cover Emergency-Loan Loss ECB President Mario Draghi said the profits of any Gold sales by the Cypriot central bank must be used to cover losses it may sustain from emergency loans to Cypriot commercial banks. European creditors today left a possible Gold sale in the hands of the Cypriot central [...]

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Patriot Coal PINK:PCXCQ proposal would give union a 35% stake in company

Paul A Ebeling Jr — Fri, 12 Apr 2013 16:49:47 +0000

Patriot Coal PINK:PCXCQ proposal would give union a 35% stake in company BTU, ACI Patriot Coal Corp. is offering the mine workers union a 35% stake in the reorganized company, in a bid to win support for cuts in benefits and wages that Patriot officials say are necessary for the company’s survival. The offer was [...]

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Gold, Silver and Crude Oil Trade

Paul A Ebeling Jr — Thu, 11 Apr 2013 19:56:02 +0000

Gold, Silver and Crude Oil Trade US Gold prices finished pit trade higher Thursday following Wednesday’s losses. The weakening USD index also lent some fresh buying interest in the precious metals markets Thursday. The Gold and Silver Bears shave the near-term technical advantage in here. Jun Comex Gold last traded + 5.30 at 1,564.10 oz. [...]

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Silver Price Ready to Turn

Shayne Heffernan — Thu, 11 Apr 2013 12:53:40 +0000

Candlesticks A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices [...]

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Gold Price May Rally

Shayne Heffernan — Thu, 11 Apr 2013 12:45:34 +0000

Gold broke below the downside support level of 1,567.81, 1 day(s) ago. This is a bearish sign. This previous support level of 1,567.81 may now provide upside resistance. Volume on the day of the breakout was quite heavy–0% above average. This makes the breakout even more significant. If you decide to trade Gold, you may [...]

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Chevron NYSE:CVX Production Down in Q-1

Paul A Ebeling Jr — Thu, 11 Apr 2013 03:41:06 +0000

Chevron NYSE:CVX Production Down in Q-1 XOM Chevron Corp. said its US and international production declined in the 1st 2 months of Q-1, compared with the previous quarter, in part reflecting maintenance activity. The 2nd largest US oil company by market value after Exxon Mobil Corp. NYSE:XOM said its US production in the 1st 2 [...]

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Oil Price Moving Higher

Shayne Heffernan — Wed, 10 Apr 2013 12:35:23 +0000

Crude Oil (May 13) intraday: further upside. Pivot: 93.40 Our preference: LONG positions above 93.4 with 94.4 & 94.8 as next targets. Alternative scenario: The downside breakout of 93.4 will open the way to 92.9 & 91.9. Comment: the RSI is mixed and calls for caution. Opinion published is an intraday view. Green Lines Represent [...]

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Gold Price Ready to Move Higher

Shayne Heffernan — Wed, 10 Apr 2013 12:33:25 +0000

GOLD (Spot) intraday: bullish bias above 1576 Pivot: 1576.00 Our preference: LONG positions above 1576 with 1591 & 1603 in sight. Alternative scenario: The downside penetration of 1576 will call for 1567 & 1560. Comment: intraday support around 1576 Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | [...]

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OPEC March Crude Oil Production Declines

Paul A Ebeling Jr — Tue, 09 Apr 2013 17:58:04 +0000

OPEC March Crude Oil Production Declines Crude Oil output from members of the Organization of the Petroleum Exporting Countries fell in March to its lowest monthly level since October 2011, according to data released Tuesday by the US Energy Information Administration. OPEC members pumped 29.83-M BPD last month, down from a revised 29.88-M BPD in [...]

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Gold, Silver and Crude Oil Trading

Paul A Ebeling Jr — Mon, 08 Apr 2013 19:38:18 +0000

Gold, Silver and Crude Oil Trading Gold prices finished pit trade lower in quiet trading Monday. The market saw some chart consolidation and a technical pullback following Friday’s gains. Jun Comex Gold last traded down 3.60 at 1,572.30 oz. Spot Gold was last quoted down 9.60 at 1,572.25 oz. May Comex Silver last traded down [...]

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2013 Oil & Gas Industry Outlook

Shayne Heffernan — Mon, 08 Apr 2013 13:38:22 +0000

U.S. Rig Activity (USRA) introduces the most advanced source of rig intelligence for oil & gas industry and financial decision-makers, with a product focused on maximizing your organization’s efficiency by quickly turning rig data into actionable information. Whether you are trying to uncover an investment thesis, fine tune your financial and operation model’s production estimates, [...]

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Gold, Silver and Oil Prices

Paul A Ebeling Jr — Sun, 07 Apr 2013 05:04:26 +0000

The Overall Technicals Comex Gold (GC) Gold dipped to 1539.4 last week as the fall from 1798.1 extended, it quickly recovered getting strong support above the psych mark at 1500, and inside medium term support zone at 1478.3/1577.4. There confirm of a sustainable rebound yet as long as the resistance at 1616.5 holds, and Gold could go lower. But, [...]

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Sugar, Orange Juice, Cotton, Coffee News

Paul A Ebeling Jr — Sat, 06 Apr 2013 19:45:54 +0000

Global Sugar-Supply Surplus Expected in 2013-14 Season Global sugar supplies are on track to outpace demand for the 4th season in a row, a factor that is expected to pressure prices for the sweetener, a senior economist at the International Sugar Organization ISO said. Orange-Juice Futures Surge 4.9% Orange-juice futures soared 9.3% this week to [...]

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Gold Price Climbs, a Dead Cat Bounce or The Bottom

Paul A Ebeling Jr — Sat, 06 Apr 2013 19:42:47 +0000

Gold Price Climbs, a Dead Cat Bounce or The Bottom GLD, UUP, GDX, SPY, EFA, EEM, SLV, SIL Gold prices bounced off an 11-month low on Friday, the technical and sentiment indicators suggest the precious Yellow metal is oversold and has formed a significant bottom in here. Gold futures prices rose 1.63% to 1,580 oz. [...]

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Drought Watch, US Agriculture

Paul A Ebeling Jr — Sat, 06 Apr 2013 06:04:28 +0000

Drought Watch, US Agriculture Drought conditions in the US have improved somewhat from last year, but much of the Midwest, from the Dakotas to Texas, continues to suffer from moderate to exceptional drought. Conditions improved a bit last week following some reasonably heavy rains in the southern plains of eastern Kansas down through the northern [...]

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Valero NYSE:VLO to Spin Off it Retail Business

Paul A Ebeling Jr — Sat, 06 Apr 2013 05:45:58 +0000

Valero NYSE:VLO to Spin Off it Retail Business CST Valero Energy Corp.’s board has approved the spinoff of its retail business, a move that comes as the company reshuffles its portfolio. Shares were up 1.6% at $42.10 after hours on Thursday. The stock has risen 64% over the past 12 months. Valero will distribute to [...]

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Gold, Silver and Crude Oil Prices

Paul A Ebeling Jr — Thu, 04 Apr 2013 19:42:03 +0000

Gold, Silver and Crude Oil Prices Gold prices finished pit trade about flat Thursday, moving up from the daily low by the close. Gold prices even pushed modestly above unchanged in after-hours electronic trading Thursday afternoon. A weakening USD index as the session wore on lifted gold prices up from a 10-month low hit in [...]

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Natural Gas Engines Replace Diesel On Drilling Rigs

Shayne Heffernan — Thu, 04 Apr 2013 18:20:08 +0000

With diesel prices remaining high, Antero Resources and Patterson-UTI Drilling were seeking a viable option to reduce fuel costs, a major expense when operating drilling rigs. That’s when the companies considered an innovative solution: the Waukesha VHP L7044GSI. Offered by GE’s Waukesha gas engines and Waukesha-Pearce Industries, the rich-burn engine is 100% natural-gas-fired, reducing fuel [...]

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Organic Trade Boom in USA

Shayne Heffernan — Thu, 04 Apr 2013 18:15:34 +0000

Organic Boom in USA Eight in ten U.S. parents report they purchase organic products U.S. families are increasingly embracing organic products in a wide range of categories, with 81 percent now reporting they purchase organic at least sometimes. This finding is one of many contained in the Organic Trade Association’s (OTA’s) newly released 2013 U.S. [...]

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US Nat Gas Supply Shrinks

Paul A Ebeling Jr — Thu, 04 Apr 2013 18:00:54 +0000

US Nat Gas Supply Shrinks OIH, UNG The US Energy Information Administration (EIA) Thursday reported the US Nat Gas stocks declined by 94 billion cubic feet last week, slightly more than the decline of 91 billion cubic feet anticipated by analysts. Nat gas futures prices were up nearly 1% in advance of the EIA’s report, [...]

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Oil Trading Update

Shayne Heffernan — Thu, 04 Apr 2013 12:57:50 +0000

Crude Oil (May 13) intraday: the downside prevails. Pivot: 96.00 Our preference: SHORT positions below 96 with targets @ 93.6 & 92.8. Alternative scenario: The upside penetration of 96 will call for 96.9 & 97.85. Comment: the break below 96 is a negative signal that has opened a path to 93.6. Opinion published is an [...]

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Battery Fires Do Not Scare Auto Makers

Paul A Ebeling Jr — Thu, 04 Apr 2013 08:26:00 +0000

Battery Fires Do Not Scare Auto Makers BA, TM, MMTOY, HMC, NSANY, GM, F Two incidents last month of lithium-ion batteries in Japanese cars burning or melting ended a multiyear streak of safe operation for the technology’s use in cars, but not auto makers’ support for the power packs. Japanese and US car makers insist [...]

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Soft Commodities, the Top Stories of the Day

Paul A Ebeling Jr — Thu, 04 Apr 2013 08:19:29 +0000

Soft Commodities, the Top Stories of the Day ICE Arabica Coffee, Short-Covering Pushes Arabica Coffee to End at 3 wk High Arabica-coffee futures climbed to a three-week high Wednesday as traders closed out bets that prices would fall amid concerns about outbreaks of Coffee-rust disease in Central America. Brazil’s 2013 Green Coffee Exports to Rise [...]

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Gold, Silver and Crude Oil Trading

Paul A Ebeling Jr — Wed, 03 Apr 2013 19:24:23 +0000

Gold, Silver and Crude Oil Trading Gold prices finished pit trade sharply lower and hit a 10-month low Wednesday. Heavy selling pressure came on chart related pre-placed sell stop orders being triggered when technical support levels were breached. Sharply lower Crude Oil prices and a generally weak raw commodity sector Wednesday also led to Southside [...]

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BP NYSE:BP Selling US Wind Power Business, Focuses on Oil & Gas

Paul A Ebeling Jr — Wed, 03 Apr 2013 16:25:58 +0000

BP NYSE:BP Selling US Wind Power Business, Focuses on Oil & Gas BP plc (LN:BP) on Wednesday said it is seeking to sell its US wind energy business as part of efforts to re- focus on Oil and Gas and reposition the company for growth in the future. BP has built one of the largest [...]

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Crude Oil Price Fall After Inventory Report

Paul A Ebeling Jr — Wed, 03 Apr 2013 15:56:49 +0000

Crude Oil Price Fall After Inventory Report USO, UGA The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 2.7-M bbls last week, bringing the total US commercial Crude inventory to 388.6-M bbls, well above the upper limit of the 5 yr range for this [...]

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Corn Planting In US Off to a Slow Start

Paul A Ebeling Jr — Wed, 03 Apr 2013 12:56:31 +0000

Corn Planting In US Off to a Slow Start CORN US farmers are getting started on planting Corn this year, but cool weather and wet ground are slowing down an early start in some states. Louisiana and Texas, neither known for large Corn production, have completed planting 95% and 54%, respectively, of their Corn crops. [...]

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Food activists angered over Monsanto Protection Act NYSE:MON

Paul A Ebeling Jr — Tue, 02 Apr 2013 19:17:28 +0000

Food activists angered over Monsanto Protection Act NYSE:MON Opponents of genetically modified food are outraged over a provision they have dubbed the “Monsanto Protection Act,” which was signed by US President Obama after being added to an essential spending bill without US Congressional hearings. The rider strips the power from federal courts to halt the [...]

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Options Trade Alert: Hess Corporation NYSE:HES

Paul A Ebeling Jr — Tue, 02 Apr 2013 11:53:54 +0000

Options Trade Alert: Hess Corporation NYSE:HES Profile: Hess Corp is a global integrated energy company that operates in two segments, Exploration and Production (E&P) and Marketing and Refining (M&R). Website: http://www.hess.com Options Trade Alert A low Put/Call Ratio (PCR) alert was raised on shares of Hess Corporation Monday, the aggregate volume of Puts was 4,307 [...]

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Gold, Silver and Crude Oil Trading Preview

Paul A Ebeling Jr — Mon, 01 Apr 2013 19:04:24 +0000

Gold, Silver and Crude Oil Trading Preview US Gold prices finished pit trade higher Monday. The precious Yellow metal saw a boost from a weaker USD index, and some safe-haven buying interest as North Korea’s leader continues to threaten the US and South Korea. Jun Comex Gold last traded + 4.90 at 1,600.60 oz. Spot [...]

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China Natural Gas, Inc. (PINK: CHNG) Earnings Review

Shayne Heffernan — Mon, 01 Apr 2013 18:24:22 +0000

China Natural Gas, Inc. (PINK: CHNG) Earnings Review - 2012 Revenue Increases 17.0% Y o Y to $145.3 Million - 2012 Gross Profit Increases 2.7% Y o Y to $49.5 Million China Natural Gas, Inc. (“China Natural Gas” or the “Company”) (PINK: CHNG), a leading provider of compressed natural gas (CNG) for vehicular fuel and [...]

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Chesapeake NYSE:CHK Picks COO Dixon to Replace McClendon

Paul A Ebeling Jr — Sun, 31 Mar 2013 06:57:25 +0000

Chesapeake NYSE:CHK Picks COO Dixon to Replace McClendon Chesapeake Energy Corp. picked Chief Operating Officer Steven C. Dixon to be acting CEO as co-Founder Aubrey K. McClendon steps down from the natural gas explorer he led for almost 25 yrs. Chesapeake’s board appointed Dixon and two others to a newly-established Office of the Chairman while [...]

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Agriculture the New Philippines Boom Sector

Shayne Heffernan — Sat, 30 Mar 2013 14:33:28 +0000

Loans released under the Agro-Industry Modernization Credit and Financing Program (AMCFP) grew by 151 percent to P1.12 billion in 2012 from that of the previous year as the number of farmer clients also grew by 15 percent to 29,496, the Department of Agriculture (DA) said in a report. The amount of loans released by the [...]

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Tokyo Gas PINK:TKGSY, Buys 25% Stake in US Shale Gas Project

Paul A Ebeling Jr — Sat, 30 Mar 2013 14:30:01 +0000

Tokyo Gas PINK:TKGSY, Buys 25% Stake in US Shale Gas Project KWK Tokyo Gas Co. (TO:9531) signed a contract to buy a 25% stake in Quicksilver Resources Inc.’s (NYSE:KWK) shale Gas project in Texas for $485-M the companies said Friday. The acquisition will give Tokyo Gas its first direct exposure to a US shale Gas [...]

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New EPA Rules to Add ‘9 Cents Gallon to Gasoline Prices

Paul A Ebeling Jr — Sat, 30 Mar 2013 14:27:27 +0000

New EPA Rules to Add ‘9 Cents Gallon to Gasoline Prices New regulations to be announced by the US Environmental Protection Agency on Friday are set to push the already-high price of gasoline up by a further 9 cents a gallon, petroleum industry experts warn. “There is a tsunami of federal regulations coming out of [...]

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BP plc, NYSE:BP, and Partners Proceeding on UK Oil Field

Paul A Ebeling Jr — Fri, 29 Mar 2013 09:46:00 +0000

BP plc, NYSE:BP, and Partners Proceeding on UK Oil Field RDS-A, RDS-B, COP, CVX BP plc (LN:BP) and its partners Royal Dutch Shell PLC (NYSE:RDS-A, LN:RDS-B), ConocoPhillips (NYSE:COP) and Chevron Corp. (NYSE:CVX) said Thursday they are proceeding with a 2 yr appraisal program to evaluate the possibility of developing phase 3 of the giant Clair [...]

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Hunt Becomes Billionaire on Bakken Crude Oil

Paul A Ebeling Jr — Fri, 29 Mar 2013 09:29:52 +0000

Hunt Becomes Billionaire on Bakken Crude Oil William Herbert Hunt was once one of the wealthiest men on Earth. With his brother, Nelson Bunker Hunt, the billionaire bought more than 195-M ounces of Silver, 60% of the US market in the 1970s. By early 1980, their stake was valued at more than $9-B. The Hunts’ [...]

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Gold, Silver and Crude Oil Trading

Paul A Ebeling Jr — Wed, 27 Mar 2013 20:06:34 +0000

Gold, Silver and Crude Oil Trading Comex Gold futures prices finished pit trade near the daily high Wednesday, and back above the Key 1,600.00 mark. Safe-haven demand in the market, as there are continuing worries about the Cyprus banking crisis causing a “run” on European Union banks. Cyprus banks are scheduled to reopen Thursday and [...]

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Japan Moves on Electric Cars

Shayne Heffernan — Wed, 27 Mar 2013 19:56:36 +0000

A Japanese company is hoping to win a big slice of Asia’s tuk-tuk market, it said Wednesday, betting battery-operated buggies could cut burgeoning city pollution. “There is no single company in Asia that mass-produces electric bikes or tricycles,” said Terra Motors president Toru Tokushige. “I think it could have a big impact if a Japanese [...]

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Philippines Green Energy

Shayne Heffernan — Wed, 27 Mar 2013 19:48:05 +0000

Philippines Green Energy The first power projects under the Philippines’ main incentive scheme for renewable energy should finally come online next year after a long regulatory struggle, an official said Wednesday. Solar-power plants of between three and five megawatts each are expected to be the first to supply electricity under the plan, Mario Marasigan, the [...]

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Gold Price Under Pressure

Shayne Heffernan — Wed, 27 Mar 2013 13:54:13 +0000

GOLD (Spot) intraday: the downside prevails. Pivot: 1601.00 Our preference: SHORT positions below 1601 with targets @ 1590 & 1576. Alternative scenario: The upside penetration of 1601 will call for a rebound towards 1608 & 1617. Comment: as long as the resistance at 1601 is not surpassed, the risk of the break below 1590 remains [...]

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Oil Price to Move HIgher

Shayne Heffernan — Wed, 27 Mar 2013 13:53:14 +0000

Crude Oil (May 13) intraday: the bias remains bullish. Pivot: 94.85 Our preference: LONG positions above 94.85 with 96.4 & 97.85 in sight. Alternative scenario: The downside penetration of 94.85 will call for 94.1 & 93.6. Comment: the RSI has just landed on a support around 30% and is reversing up. Opinion published is an [...]

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International Agribusiness Fair Opens in Cuba

Paul A Ebeling Jr — Tue, 26 Mar 2013 20:22:22 +0000

International Agribusiness Fair Opens in Cuba China was among 10 countries in attendance on Monday as the 16th International Agroindustrial Food Fair started Monday in Havana. The seven-day Fiagrop 2013 features growers, breeders, entrepreneurs, suppliers, veterinarians and other industry representatives from China, Germany, Canada, Spain, Venezuela and other nations. Among the exhibitors is Jiang Su [...]

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Gold, Silver and Crude Oil Trade Preview

Paul A Ebeling Jr — Tue, 26 Mar 2013 19:58:48 +0000

Gold, Silver and Crude Oil Trade Preview Gold prices finished pit trade lower and closed below the psych mark at 1,600.00 Tuesday, on tech related selling, profit taking, and a lack of any new Bullish fundamental news. Apr Comex Gold last traded down 7.70 at 1,596.80 oz. Spot Gold was last quoted down 7.40 at [...]

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Sinopec Corp.NYSE:SHI to Buy $3-B of Parent’s Upstream Assets

Paul A Ebeling Jr — Mon, 25 Mar 2013 03:20:45 +0000

Sinopec Corp.NYSE:SHI to Buy $3-B of Parent’s Upstream Assets HK:0386, SH:600028, XOM, CVX, RDS-A, RDS-B, CEO, HK:0883, XOM, CVX China’s largest oil refiner, China Petroleum & Chemical Corp. (HK:0386, SH:600028), or Sinopec Corp., which posted a 12.8% decline in Y 2012 net profit, said Sunday it agreed to form a Jjoint Venture which will acquire [...]

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Green Energy in China

Shayne Heffernan — Fri, 22 Mar 2013 08:56:02 +0000

China has made tremendous progress toward achieving inclusive growth, but major reforms are needed to ensure a fourth decade of rapidly converging living standards and a greener economy, according to the OECD’s latest Economic Survey of China. These reforms include deregulating interest rates, opening markets dominated by state-owned enterprises to competition, increasing the supply of [...]

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At Long Last BP plc NYSE:BP Exits Russia

Paul A Ebeling Jr — Thu, 21 Mar 2013 15:50:15 +0000

At Long Last BP plc NYSE:BP Exits Russia The saga of BP plc and its operations in Russia is just about finished. The UK oil giant Thursday closed the sale of its 50% stake in TNK-BP to Russia’s Rosneft in exchange for about $12.5-B in cash and a 19.75% stake in what is now Russia’s [...]

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BP plc (NYSE:BP) Skips Gulf of Mexico Lease Sale

Paul A Ebeling Jr — Wed, 20 Mar 2013 17:38:06 +0000

BP plc (NYSE:BP) Skips Gulf of Mexico Lease Sale CVX, CIE, APC, COP, XOM, MRO The U.S. Bureau of Ocean Energy Management (BOEM) received bids on 1.7 million acres in the U.S. Gulf of Mexico at Wednesday’s auction, but no bids came from BP plc. According to the BOEM, 47 companies bid on the more [...]

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Surprise Drop in US Crude Oil Inventory

Paul A Ebeling Jr — Wed, 20 Mar 2013 17:35:33 +0000

Surprise Drop in US Crude Oil Inventory USO, UGA The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories decreased by 1.3-M bbls last week, bringing the total US commercial Crude Oil inventory to 382.7-M bbls. That is well above the upper limit of the 5-yr range [...]

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Anadarko NYSE: AKP, and 4 Partners Announce Gulf of Mexico Discovery

Paul A Ebeling Jr — Wed, 20 Mar 2013 05:24:20 +0000

Anadarko NYSE: AKP, and 4 Partners Announce Gulf of Mexico Discovery COP, CIE, MRO Anadarko Petroleum Corp. and 4 partners announced a discovery in the deepwater Gulf of Mexico Tuesday that Anadarko called one of its largest in the Gulf. The 31,400-ft deep Shenandoah-2 well encountered more than 1,000 feet of Oil-containing rock, which makes [...]

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Fracking, North Dakota and Growth in the US Economy

Paul A Ebeling Jr — Wed, 20 Mar 2013 05:22:03 +0000

Fracking, North Dakota and Growth in the US Economy North Dakota is leading the charge in America’s economy growth, if every state was like ND, the US would be growing as fast as China. The state’s numbers are Strong, a promise for states that have new-found shale Crude Oil and Nat Gas deposits. It is [...]

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Gold, Silver and Crude Oil Trading Preview

Paul A Ebeling Jr — Mon, 18 Mar 2013 19:50:26 +0000

Gold, Silver and Crude Oil Trading Preview US Gold prices finished pit trade with good gains, notching a 3-wk high and closed above the Key 1,600 mark Monday. A escalation in the EU debt crisis has traders and investors seeking safe assets, including Gold. The near-term technical posture of the precious Yellow metal has improved [...]

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Oil to Rally after Dip

Shayne Heffernan — Mon, 18 Mar 2013 13:09:57 +0000

Crude Oil (Apr 13) intraday: further upside. Pivot: 91.90 Our preference: LONG positions above 91.9 with 93.8 & 94.45 as next targets. Alternative scenario: The downside breakout of 91.9 will open the way to 90.8 & 90.2. Comment: intraday support around 91.9 Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent [...]

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Silver Trading Outlook

Shayne Heffernan — Sun, 17 Mar 2013 17:48:14 +0000

Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bullish A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought). Three black candles occurred in the last three days. Although these candles were not big [...]

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Green Energy: Storing the Sun for a Rainy Day

Shayne Heffernan — Sun, 17 Mar 2013 16:53:39 +0000

It’s been a miserable winter in Germany. Parts of the country have had 60% fewer sunshine hours than normal. A series of cold snaps have swept the country, reminding all just how expensive heating has become. Germany’s ‘Energiewende’ (Energy Transition) policy – an intent to be 60% reliable on renewable energy sources for the country’s [...]

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COFFEE, ICE Coffee Falls to 33-Month Low; Cotton Extends Rally

Paul A Ebeling Jr — Sun, 17 Mar 2013 04:24:24 +0000

COFFEE, ICE Coffee Falls to 33-Month Low; Cotton Extends Rally Arabica-coffee futures slumped to a 33-month low Friday on a buildup of beans in exchange-certified warehouses and expectations for a large Brazilian crop this year. Brazil Coffee Growers Sold 71% of 2012 Crop by 28 February Sales of Brazil’s 2012 coffee crop, harvested between May [...]

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China and Natural Gas

Paul A Ebeling Jr — Sun, 17 Mar 2013 04:21:06 +0000

The future importance of Nat Gas in the country’s energy mix should be prioritized, and policies should be introduced to boost its development, according to the president of China National Petroleum Corp, the nation’s biggest energy company. Zhou Jiping, a member of National Committee of the Chinese People’s Political Consultative Conference, said the use of [...]

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US Auto Fuel Economy at All-Time High

Paul A Ebeling Jr — Sun, 17 Mar 2013 03:49:56 +0000

US Auto Fuel Economy at All-Time High The US Environmental Protection Agency (EPA) released its annual report on U.S. automobiles’ fuel economy today, and the preliminary projections for model year Y 2012 cars is the highest ever, 23.8 mpg. Carbon dioxide emissions are also at a record low of 374 grams per mile. Final figures [...]

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Nat Gas Prices Up, Storage Down

Paul A Ebeling Jr — Thu, 14 Mar 2013 16:43:15 +0000

Nat Gas Prices Up, Storage Down The US Energy Information Administration (EIA) Thursday reported the US Nat Gas stocks declined by 145 billion cubic feet last week, slightly more than the decline of 134 billion cubic feet expected. Nat Gas futures prices were up about 1% in advance of the EIA’s report, at around 3.73 [...]

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Oil Price and Chart Review

Shayne Heffernan — Thu, 14 Mar 2013 12:53:06 +0000

Economist Shayne Heffernan takes a look at Oil Crude Oil (Apr 13) intraday: the bias remains bullish. Pivot: 91.60 Our preference: LONG positions above 91.6 with targets @ 93.5 & 94.45. Alternative scenario: The downside breakout of 91.6 will open the way to 90.8 & 90.2. Comment: intraday support around 91.6 Opinion published is an [...]

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Oil Price Continues Advance

Shayne Heffernan — Wed, 13 Mar 2013 12:25:42 +0000

Oil Price Continues Advance Crude Oil (Apr 13) intraday: the bias remains bullish. Pivot: 91.60 Our preference: LONG positions above 91.6 with 93.5 & 94.45 in sight. Alternative scenario: The downside penetration of 91.6 will call for a slide towards 90.8 & 90.2. comment: an ascending channel has formed. Opinion published is an intraday view. [...]

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Saudi Arabia Oil and Gas Update

Shayne Heffernan — Wed, 13 Mar 2013 05:33:51 +0000

Oil and energy sector in the region is a major contributor to the economies of the GCC and remains an opportune source for investments, said Saudi Arabian General Investment Authority (SAGIA) Gov. Abdullatif Al-Othman. Speaking at the Middle East Oil & Gas Show and Conference in Bahrain, Al-Othman said: “Today our industry commands respect and [...]

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ASEAN: PTT and Pertamina Petrochemical Expansion

Shayne Heffernan — Wed, 13 Mar 2013 03:42:00 +0000

ASEAN: PTT and Pertamina Petrochemical Expansion Indonesia’s Pertamina has chosen Thailand’s PTT Global Chemical as a partner in the development of a $5 billion petrochemical facility in Indonesia, it announced on Monday. The decision was made after months of deliberations with 11 companies being considered, including South Korea’s SK Global Chemical and Japan’s Mitsubishi. “PTT [...]

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Singapore Energy Outlook 2013

Shayne Heffernan — Tue, 12 Mar 2013 19:46:35 +0000

Singapore Energy Outlook 2013 Singapore’s strategic location between the Indian and Pacific Oceans has allowed it to become one of Asia’s major petrochemical and refining hubs. Easy access to the sea and a strategic location near the Strait of Malacca has enabled Singapore to become one of Asia’s main energy and petrochemicals hubs and one [...]

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Oil to Extend Rally

Shayne Heffernan — Tue, 12 Mar 2013 12:39:32 +0000

Crude Oil (Apr 13) intraday: further advance. Shayne Heffernan’s Oil Outlook Pivot: 90.80 Our preference: LONG positions above 90.8 with targets @ 92.45 & 92.9. Alternative scenario: The downside penetration of 90.8 will call for a slide towards 90.2 & 89.55. Comment: the double bottom pattern calls for further gains towards 92.9. Opinion published is [...]

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Gold Price Under Pressure

Shayne Heffernan — Mon, 11 Mar 2013 13:04:01 +0000

GOLD (Spot) intraday: the downside prevails. MARKETS Spot gold traded at $1,581.39 in Asia compared to $1,578.80 on March 8th. Gold April rose 0.3 % to $1,580.90. Spot Silver increased 0.3 % to $29.08, reversing a 0.3% decline. FACTORS FORECAST: U.S. data this week may show a pickup in retail sales. USD Index gained as [...]

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Oil To Rally

Shayne Heffernan — Mon, 11 Mar 2013 13:01:46 +0000

Crude Oil (Apr 13) intraday: further upside. Pivot: 90.80 Our preference: LONG positions above 90.8 with 92.05 & 92.9 in sight. Alternative scenario: The downside breakout of 90.8 will open the way to 90.2 & 89.55. Comment: the double bottom pattern calls for further gains. Opinion published is an intraday view. Green Lines Represent Resistance [...]

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Goldman Sachs NYSE:GS Says, Buy Commodities

Paul A Ebeling Jr — Mon, 11 Mar 2013 12:59:02 +0000

Goldman Sachs NYSE:GS Says, Buy Commodities BCS Hedge funds pared bets on a commodity rally to a 4-yr low on signs of surplus supply in everything from Coffee to Zinc before Goldman Sachs Group Inc. said prices have fallen too far, investors should buy. Speculators reduced net-long positions across 18 US futures and options in [...]

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Empyrean Energy, Marathon Oil NYSE: MRO Adds 2 More Wells to Drill

Paul A Ebeling Jr — Sun, 10 Mar 2013 13:17:52 +0000

Empyrean Energy, Marathon Oil NYSE: MRO Adds 2 More Wells to Drill Empyrean Energy PLC (LN:EME), said Wednesday that Marathon Oil informed Empyrean that at least 2 additional wells have been added in the early stage, to the drilling schedule for Y 2013 at the Sugarloaf Project,onshore Texas. This brings the total number of wells [...]

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Baker Hughes NYSE:BHI North American Rig Count

Paul A Ebeling Jr — Sun, 10 Mar 2013 10:55:38 +0000

Baker Hughes NYSE:BHI North American Rig Count The latest data from Baker Hughes Inc shows that drilling rig counts in North America fell by 80 in the week ending 8 March and fell by 296 from the comparable period a year ago. In the US the number of rigs fell from 1,757 last week to [...]

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Gold, Silver and Oil Preview

Paul A Ebeling Jr — Sun, 10 Mar 2013 10:35:32 +0000

The Overall Fundamentals Precious Metals Palladium rose last week after a report from China’s NDRC that the government would strive to lower CO2 emission and improve energy efficient this year. China’s plan to implement China VI standards in Y 2016 and its bias toward gasoline-fueled vehicle would raise demand for Palladium as auto-catalyst. China’s [...]

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Myanmar Oil and Gas News

Shayne Heffernan — Fri, 08 Mar 2013 14:57:30 +0000

Myanmar plans to put over 20 offshore oil and gas exploration blocks up for auction by April as the country pushes to attract foreign investment and expertise to help overcome an energy deficit that’s a legacy of gas export deals made by its former military rulers. Myanmar produces more than enough natural gas, which is [...]

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Market Preview: Gold, Silver and Crude Oil

Paul A Ebeling Jr — Fri, 08 Mar 2013 14:24:51 +0000

Market Preview: Gold, Silver and Crude Oil Gold prices are moderately lower tapping 2 wk low Friday morning, following a stronger than expected rise in US jobs growth and a decline in the unemployment rate in February. The USD index rose to a 6-month high after the release of the employment report. Gold prices are [...]

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US enjoys clean energy trade surplus with China

Paul A Ebeling Jr — Fri, 08 Mar 2013 12:47:56 +0000

US enjoys clean energy trade surplus with China U.S. companies held 1.6 billion dollars of trade surplus in clean energy trade with China in 2011, said a report released on Wednesday by the Pew Charitable Trust. The report, Advantage America: The U.S.-China Clean Energy Trade Relationship in 2011, found that the United States and China [...]

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Abu Dhabi Invites Bids for Biggest Oil Concession

Paul A Ebeling Jr — Fri, 08 Mar 2013 12:26:55 +0000

Abu Dhabi Invites Bids for Biggest Oil Concession BP, XOM RDS-A, TOT, CVX. OXY, STO Abu Dhabi National Oil Co., ADNOC, has invited several international Oil firms, in addition to existing partners, to bid for the renewal of a shared license to operate some of the emirate’s largest onshore Oil fields US based firms Chevron [...]

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Forbes, the Richest US Oil Barons

Paul A Ebeling Jr — Thu, 07 Mar 2013 11:50:52 +0000

Forbes, the Richest US Oil Barons KMP, MRO Forbes released its latest “Rich List”, below is look at the world’s billionaires who have benefited most from the US Crude Oil industry. The Koch Brothers, Charles and David, are the joint 6th richest people in the world with fortunes of $34-B each. Their fortune has been [...]

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BP plc, NYSE: BP, Energy Reserve Diversity

Paul A Ebeling Jr — Thu, 07 Mar 2013 10:28:50 +0000

BP plc, NYSE: BP, Energy reserve diversity brings challenging opportunities RIG, HAL Growing diversity of energy reserves worldwide, while greatly increasing supplies, poses new challenges to the energy industry, the CEO of British Oil giant BP said Wednesday. “The opportunities are plentiful, but they are also complex and difficult,” BP CEO Bob Dudley said in [...]

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Gold, Sliver and Crude Oil Trading and Prices

Paul A Ebeling Jr — Mon, 04 Mar 2013 19:38:18 +0000

Gold, Sliver and Crude Oil Trading and Prices US Gold futures finished pit trade near unchanged Monday, as Short covering and some mild bargain hunting were checked by Bearish outside markets; a stable USD index, and lower Crude Oil prices that are at a 9 wk low. The Gold and Silver markets are technically weak [...]

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Hess Corp.NYSE:HES Slims to become a E & P Company

Paul A Ebeling Jr — Mon, 04 Mar 2013 17:27:27 +0000

Hess Corp.NYSE:HES Slims to become a E & P Company Integrated Oil company Hess Corp. announced plans to complete its transformation into a pure-play energy exploration and production E&P company by shedding its remaining downstream assets; refining, marketing and trading, and is seeking to monetize its midstream; pipelines, gathering systems and processing plants assets in [...]

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Gold Price: Factors to Watch

Shayne Heffernan — Mon, 04 Mar 2013 08:44:17 +0000

MARKETS Spot up 0.6 % to $1,585.02 at $1,578.40 in Asia , Gold April up 0.8 % at $1,584.30, Silver up 0.2 % to $28.63. Spot platinum climbed 0.2 % to $1,575.26 and palladium slipped 0.5 % to $720 an ounce. FACTORS USD was little changed against a six-currency basket today after gaining on March [...]

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Gold Price Rebounds

Paul A Ebeling Jr — Mon, 04 Mar 2013 04:53:04 +0000

Gold Price Rebounds Gold rebounded from a 1 wk low on speculation that stimulus by central banks around the world will be maintained as economic data signaled the global recovery may be losing momentum. Silver advanced for a 2nd day. Spot Gold rose as much as 0.6% to 1,585.02, and traded at 1,578.40 at 11:35 [...]

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Gold, Silver and Oil Price Preview

Paul A Ebeling Jr — Sun, 03 Mar 2013 07:39:05 +0000

Gold, Silver and Oil Price Preview The Overall Fundamentals Precious Metals Despite a modest rebound earlier last week, the selloff resumed with the benchmark Comex Gold contract losing -0.03% on the week. The decline in PGMs prices was deeper with Platinum and Palladium losing -2.11% and -2.03% respectively. The South African government is proposing measures [...]

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No Reason for Obama to Block Keystone Pipeline

Paul A Ebeling Jr — Sun, 03 Mar 2013 07:35:33 +0000

No Reason for Obama to Block Keystone Pipeline TRP A new State Department report is evidence that the long-delayed Keystone XL Crude Oil pipeline from Canada should be approved, supporters say. The draft report, issued Friday, finds there would be no significant environmental impact to most resources along the proposed route from western Canada to [...]

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Germany’s Rising Energy Cost Bring on the Fracking Debate

Paul A Ebeling Jr — Sun, 03 Mar 2013 07:04:00 +0000

Germany’s Rising Energy Cost Bring on the Fracking Debate BASFY Germany is debating whether to allow hydraulic fracturing to extract Nat Gas from shale, due to the growing concern that rising energy costs in the country could threaten its industrial core. The German public is deeply suspicious of the practice, commonly known as fracking. Many [...]

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Eni SpA, NYSE:E, and PetroVietnam Join Together

Paul A Ebeling Jr — Sun, 03 Mar 2013 06:45:36 +0000

Eni SpA, NYSE:E, and PetroVietnam Join Together The Italian energy company Eni SpA, and Vietnam’s national Oil company PetroVietnam have inked an agreement in Hanoi for jointly exploring the unconventional hydrocarbons potential in the country. This agreement came shortly after Eni signed a memorandum of understanding (MOU) with PetroVietnam, which will facilitate the Italian giant [...]

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Gold, Silver and Crude Oil Trade

Paul A Ebeling Jr — Sun, 03 Mar 2013 06:30:53 +0000

Gold, Silver and Crude Oil Trade Crude Oil finishes off 2.6% on the week, below 91 bbl mark ] Apr Crude Oil fell for a 2nd straight session on weak Chinese manufacturing data and strength in the USD index. The energy component tapped 90.04 in late afternoon action and pared the loss into the close, [...]

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Eagle Ford Shale Geology

Paul A Ebeling Jr — Fri, 01 Mar 2013 11:26:44 +0000

Eagle Ford Shale Geology BHP The Eagle Ford Shale is a Cretaceous sediment that was traditionally known as a source rock in South and East Texas. The formation is the source rock for the Austin Chalk Oil and Gas formation. Producers also drilled through the play for many years targeting the Edwards Limestone formation along [...]

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Gold, Silver and Crude Oil Preview

Paul A Ebeling Jr — Thu, 28 Feb 2013 19:40:26 +0000

Gold, Silver and Crude Oil Preview US Gold futures finished lower, and near the daily low Thursday. The market extended moderate early losses in late-morning trading as the USD index moved higher on the day. Apr Gold futures came close to a Bearish monthly low close Thursday. Gold futures prices also posted declines for the [...]

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Green Energy in Asia Pacific

Shayne Heffernan — Thu, 28 Feb 2013 07:49:40 +0000

The Asia-Pacific gas turbine market will sustain its growth momentum as concerns on global warming and greenhouse gas emissions force utilities and independent power producers to opt for environmentally friendly power generation technologies. The availability of liquefied natural gas (LNG) supplied through both pipelines and shipment will increase gas turbine demand in the long term, [...]

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Gold Price Update

Shayne Heffernan — Thu, 28 Feb 2013 07:14:49 +0000

Gold Price Update MARKETS Spot gold flat at $1,598.76 in Asia down 3.9 % in February. Gold April rose 0.1 % to $1,597.90 , Silver gained 0.2 % to $29.0725 , Platinum was little changed at$1,598.25. Palladium gained 0.3 % to $745.40 an ounce, heading for a fourth monthly advance in the best run since [...]

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Alert: Marathon Petroleum Corporation NYSE:MPC

Paul A Ebeling Jr — Thu, 28 Feb 2013 07:00:03 +0000

Alert: Marathon Petroleum Corporation NYSE:MPC Profile: Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, transporting, and marketing petroleum products primarily in the United States. The company operates six refineries in the Gulf Coast and Midwest regions of the United States, which refine crude oil and other feedstocks; and distribute refined products through barges, [...]

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ASEAN, Felda Calls for Duty-Free Palm Oil

Paul A Ebeling Jr — Thu, 28 Feb 2013 06:28:38 +0000

ASEAN, Felda Calls for Duty-Free Palm Oil to Combat Reserves Felda Global Ventures Holdings Bhd. KL:5222, said that Palm Oil shipments from Malaysia, the largest producer after Indonesia, should be allowed Duty-Free for some companies until mid-year to help reduce near-record stockpiles. There’s a risk reserves will be carried into 2-H unless they are cleared, [...]

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US Platinum Miner Beats Estimates

Paul A Ebeling Jr — Wed, 27 Feb 2013 18:43:48 +0000

US Platinum Miner Beats Estimates SWC Stillwater Mining Co.NYSE: SWC reported Q-4 and FY 2012 results before markets opened Wednesday. The Platinum and Palladium miner posted Quarterly EPS of 0.46, compared with a consensus estimate of 0.05. Revenues of $203.37-M were short of the consensus estimate of $217.67-M, but Platinum pricing was stronger in the [...]

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Glencore International PINK:GLCNF buys piece of Xstrata that it did not own

Paul A Ebeling Jr — Wed, 27 Feb 2013 18:36:32 +0000

Glencore International PINK:GLCNF buys piece of Xstrata that it did not own GLD, PAAS, CDE, SLV, ABX, KGC, NEM Ivan Glasenberg, CEO of London-traded Glencore International, LN:GLN just paid $34-B to acquire the piece of Xstrata that it did not already own, and his take on the situation is that Xstrata will contribute to shareholder [...]

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WTI Crude Oil Falls

Paul A Ebeling Jr — Tue, 26 Feb 2013 14:41:40 +0000

WTI Crude Oil Falls to 7 Wk Low, US Supplies Rising ICE Crude Oil fell to a 7 wk low before a report that may show US Crude inventories rose. Futures slid with stocks and the EUR as Italy’s inconclusive elections spurred concern Europe’s debt crisis will worsen. West Texas Intermediate WTI declined as much [...]

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Gold, Silver and Crude Oil Price Outlook

Paul A Ebeling Jr — Mon, 25 Feb 2013 21:24:52 +0000

Gold, Silver and Crude Oil Price Outlook US Gold futures finished pit trade with good gains Monday. Short covering and bargain hunting were featured in both Gold and Silver futures to start this week, following last week’s selling pressure that saw both Gold and Silver hit multi-month lows. New safe-haven demand for Gold was in [...]

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Chevron NYSE:CVX buys Shale Gas assets from Beach Energy

Paul A Ebeling Jr — Mon, 25 Feb 2013 05:04:19 +0000

Chevron NYSE:CVX buys Shale Gas assets from Beach Energy BEPTF, SSLTY, ICNOF Chevron Corp. said it will buy Australian shale Gas assets from Beach Energy Ltd. ASX:BPT, PINK:BEPTF for up to US$349-M, placing a strong bet on the potential to replicate the US boom in unconventional Nat Gas output in the Outback. Chevron is acquiring [...]

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Railway linking China, ASEAN operational

Paul A Ebeling Jr — Mon, 25 Feb 2013 04:47:07 +0000

Railway linking China, ASEAN operational A railway that links southwest China’s Yunnan Province with the Association of Southeast Asian Nations ASEAN countries became operational Saturday after 7 yrs of construction, local railway authorities said. The railway between Yuxi and Mengzi is part of the eastern line of the planned Pan-Asia Railway network. The 141-km railway [...]

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Live Trading News » Energy

Commodities; Crude Oil ends the Week 2.3% Lower, Nat Gas Gains 4.4%

Gold Survey Participants Split on Views

Gold, Silver and Crude Oil Trade

Nat Gas Prices Rise Slightly on Modest Rise in Stocks

Crude Oil Futures Fall, Gasoline Inventories Rise

Alternative Energy Partners Inc (OTCBB:AEGY) Trade Alert

Gold, Silver and Crude Oil Price Preview

Silver Price Technicals

ARCHER ENTERTAINMENT (OTCMKTS:AEMC) Trade Alert

Oil Price Moving Higher

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Gold, Silver and Oil Trading Preview

Gold Investor Sentiment, the Bulls Vs. the Bears

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Wave Power China Green Energy

The Gold Price Report

US Senate Bill would open MLP business structure to renewable energy

Indonesia to simplify business license for the Crude Oil, Nat Gas sector

Crude Oil Futures Fall, Gasoline Inventories Rise

Praxair NYSE:PX is Building Chinese Base

IEA reports, the US Will Lead Crude Oil Supply Recovery

Google NASDAQ:GOOG, Likes Renewable Energy

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US Retail Gasoline Price + 6.5 Cents in Week

Gold, Silver and Crude Oil Trading

ARCHER ENTMT MDA CMNS (PINK:AEMC) Gets Ready for Oil and Gas

Gold, Silver, Oil Weekly Preview

Gold’s rebound stopped as fund outflows continued Friday

Barclays NYSE:BCS Sees Platinum, Palladium Staying at a Deficit this Year

Gold Could Rise Further, But Needs Support From ETFs

Gold Price: Buy the Dips

Oil Price Continues Higher

Nat Gas Futures Weighed Down by Rise in Inventory

Resolute Energy (NYSE: REN) to Trade Under $8 on New Offering

Oil Price Moving Higher

Gold Up on Strong Demand from Asia

Gold, Silver, Copper and Crude Oil Trade

US Coastal States Governors Want More Offshore Drilling

Gold, Silver and Crude Oil Trading

Ray Irani Out as Chairman of Occidental Petroleum NYSE:OXY

2013 North American Shale Plays Map

Crude Oil Continues Rally

Gold Price Looking to Move Higher

US Should Eliminate Its Strategic Petroleum Reserve SPR

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Market Report, Brent and Oman Crude Oil

Nat Gas Inventory Build Dampens Price

Time to Revive the Gold Standard

US Nat Gas Export Race, Winners and Losers

Gold, Silver and Crude Oil Trading Preview

US Gasoline Prices Should Not Rise from Here, Crude Oil Supply Highest in 82 yrs

China emerges as world’s renewable energy powerhouse

Trading Preview, Gold, Silver and Crude Oil

Gold Price Under Pressure Short Term

Greenhouse Gases from Farmland Underestimated

Investors warned, diversify before Carbon bubble bursts

John Paulson and the Gold Price

Gold, Silver and Oil Prices This Week

US Crude Oil Output Grows, LLS Discounts Ahead

The Metals Hedge Fund: Inflation Protection

Chevron’s NYSE:CVX Dividend Hike Trumps Exxon Mobil’s NYSE:XOM

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US Mint Sales of Gold Coins Hit 3-yr High

Nat Gas Inventory Report, Expectations Confirmed

Top Stories Sugar, Cocoa, Coffee

China Cuts Fuel Prices, Demand Slows

Preview, Gold, Silver and Crude Oil Trade

U.S. Oil & Gas Target of Foreign Investors

ICE NYSE:ICE to Launch 3 Contracts for Renewable Fuel Credits

US Gasoline Supply Down Sharply

Corn Market Recap

Iran, Crude Oil price below US$ 100 bbl is unreasonable

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Gold Price to Move Higher

International Demand Rises for China Rare Earths in Q-1

Halliburton NYSE:HAL Boosts Deepwater Horizon Claim Reserves

Halliburton Company (NYSE:HAL) Still Value

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Antibiotic Resistant Superbugs Crawl Into US Food System