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No spill in Gulf: CNBC

CNBC reports that early reports indicate no spill in the Gulf of Mexico after an explosion on a rig….

By Jamie Coleman  || September 2, 2010 at 16:07 GMT
Category: All, Americas, Commodities, Regions || Tags: || 1 comment || Add comment
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Another rig explodes in Gulf

Here we go again. Another oil rig has apparently exploded in the Gulf of Mexico.

By Jamie Coleman  || September 2, 2010 at 15:39 GMT
Category: All, Americas, Commodities, Mkt Talk, Regions || Tags: , || 1 comment || Add comment
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Oil supplies argue for $10 oil: Analyst

The highest oil supplies on record are sloshing around the markets, oil analyst Peter Buetel tells CNBC. Absent financial players buying commodities as a safe-haven from debased currencies, the price of the commodity would be around $10, he concludes.

By Jamie Coleman  || August 30, 2010 at 10:40 GMT
Category: All, Americas, Commodities, Regions || Tags: || 4 comments || Add comment
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U.S. EIA raises China 2010 oil demand growth forecast by 80,000 bpd to 650,000 bpd, 2011 oil demand increased by 10,000 bpd

  • Raises 2010 non-OPEC oil output growth forecast by 100,000 bpd, output now expected to rise 720,000 bpd in 2010
  • Doubles estimated decline in 2011 non-OPEC oil output, production now expected to fall by 160,000 bpd
By Gerry Davies  || August 10, 2010 at 16:16 GMT
Category: All, Americas, Economy, Regions || Tags: || 0 comments || Add comment
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Russian rouble firms beyond 30 vs dollar for first time since mid-May

Using my highly-honed analytical skills (yer right), I think it might just have something to do with the firmer oil price……

By Gerry Davies  || August 3, 2010 at 06:14 GMT
Category: All, Commodities, Economy, Europe, Mkt News, Regions || Tags: , || 1 comment || Add comment
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Nikkei Closing up 0.77% followed by Early Europe Bourse Futures; Oil Down

DAX and CAC both up at 0.4 % and 0.5% futures-wise

Oil has been trading at a 4-week low around $71…currently Brent Crude trades at 71.50 (august contract)

By David Horton  || July 6, 2010 at 06:10 GMT
Category: All, Europe || Tags: , , , || 1 comment || Add comment
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Oil sliding fast…

It’s not a risk-on day just yet despite the rebound in EUR/USD. Oil is under heavy pressure, trading down at $74.50, down 1.15 on the day. USD/JPY is off lows but still trading well south of 88.00.

On the bright side, US Treasury yields are off their lows (around 2.91% to trade now at 2.94%. Still very low yields by any measure, though.Stocks are flat after slipping a half-percent following the jump in jobless claims.

EUR/USD is consolidating gains, now at 1.2382.

By Jamie Coleman  || July 1, 2010 at 13:24 GMT
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Russia FinMin Kudrin says oil price could fall below $60 a barrel in coming 3 years

That would be good.

By Gerry Davies  || June 29, 2010 at 08:03 GMT
Category: All, Europe, Regions || Tags: , || 10 comments || Add comment
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Judge rules against 6 month deepwater drilling moratorium

The Obama Administration imposed a unilateral 6 month moratorium on deep water offshore drilling after the BP disaster. That move has just been overturned by a US judge.

The White House says they will immediately appeal the decision.

Look for a potential dip in crude which could hit the commodity currencies. Crude is at $77.65.

By Jamie Coleman  || June 22, 2010 at 17:44 GMT
Category: All, Americas, Commodities, Regions || Tags: , || 2 comments || Add comment
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European stocks giving ground

Oil lower, off just over three quarters of a buck. Friday innit. No one wants to embrace risk.

EUR/USD at session low 1.2368.  Stops noted through 1.2330.  Cable down at 1.4810.

By Gerry Davies  || June 18, 2010 at 10:24 GMT
Category: All, Europe, Mkt Talk, Regions || Tags: , , || 7 comments || Add comment
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