Contango Oil & Gas Co

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  • uploads///russia
    Miscellaneous

    Will Russia’s Oil Production Fall in the Coming Months?

    Russia’s Energy Ministry reported that its oil production fell in the first half of April 2017 due to major producers’ production cut deal.

    By Gordon Kristopher
  • uploads///oil firecasts jan
    Energy & Utilities

    Crude Oil Prices Could Hit $80 per Barrel in 2018

    BBL Commodities is one of the largest oil hedge funds in the world. BBL Commodities expects that Brent crude oil prices could hit $80 per barrel in 2018.

    By Gordon Kristopher
  • uploads///cushing
    Macroeconomic Analysis

    Cushing Crude Oil Inventories’ Record Highs: Impact on Oil

    Market surveys estimate that Cushing crude oil inventories fell from February 10 to 17, 2017. A fall in crude oil inventories at Cushing could support US crude oil prices.

    By Gordon Kristopher
  • uploads///US crude oil production
    Energy & Utilities

    Traders Track US Crude Oil Production and Exports

    US crude oil production rose by 290,000 bpd (barrels per day) or 3.1% to 9,481,000 bpd in September 2017—compared to the previous month.

    By Gordon Kristopher
  • uploads///Crude oil supply outage
    Energy & Utilities

    Global Crude Oil Supply Outages Are near a 4-Month High

    Global crude oil supply outages increased by 208,000 bpd (barrels per day) to 1,738,000 bpd in December 2017—compared to the previous month.

    By Gordon Kristopher
  • uploads///refinery _
    Energy & Utilities

    Why Laredo Petroleum Is Surging Today

    Laredo Petroleum (LPI) stock is up more than 9% on strong volumes. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is up ~1.5%.

    By Kurt Gallon
  • uploads///image
    Miscellaneous

    Crude Oil Futures: Next Important Resistance Level

    WTI crude oil (UCO) futures closed at $62.01 per barrel on January 4, 2018—the highest level since December 2014. WTI prices rose ~12.4% in 2017.

    By Gordon Kristopher
  • uploads///Iran crude oil production
    Energy & Utilities

    Crude Oil Futures and Wall Street Extends the Rally

    US crude oil futures contracts for February delivery also rose 0.6% to $62.01 per barrel on January 4, 2018—the highest settlement since December 2014.

    By Gordon Kristopher
  • uploads///oilpri
    Energy & Utilities

    Crude Oil Prices Rise: Will It Impact Coal Miners?

    On December 21, 2017, the price of Brent crude oil was $64.90 per barrel—up 2.6% from $63.23 per barrel recorded on December 15.

    By Alexis Tate
  • uploads///Gasoline inventories
    Energy & Utilities

    US Gasoline Inventories: Bearish Driver for Crude Oil Futures

    The EIA estimated that US gasoline inventories rose by 1.2 MMbbls (million barrels) to 227.7 MMbbls on December 8–15, 2017.

    By Gordon Kristopher
  • uploads///US crude oil prodcuion weekly
    Energy & Utilities

    US Crude Oil Production Has Risen 16% since July 2016

    US crude oil production rose by 73,000 bpd (barrels per day) to 9,780,000 bpd on December 1–8, 2017, according to the EIA.

    By Gordon Kristopher
  • uploads///OPEC crude oil production
    Energy & Utilities

    OPEC’s Crude Oil Production and Exports Impact Crude Oil Prices

    The EIA estimates that OPEC’s crude oil production fell by 150,000 bpd to 32.77 MMbpd (million barrels per day) in August 2017—compared to July 2017.

    By Gordon Kristopher
  • uploads///Distillate inventory
    Energy & Utilities

    US Distillate Inventories Rise for a Third Week

    US distillate inventories  On August 30, 2017, the EIA (U.S. Energy Information Administration) released its weekly crude oil inventory report. The EIA estimates that US distillate inventories rose by 0.5% to 149.1 MMbbls (million barrels) between August 18 and 25, 2017. Inventories fell by 5.6 MMbbls, or 3.6%, from the same period in 2016. Inventories […]

    By Gordon Kristopher
  • uploads///Gasoline Inventories
    Miscellaneous

    US Gasoline Inventories and Demand Impact Crude Oil

    On July 5, 2017, the API released its weekly crude oil inventory report. It estimated that gasoline inventories fell by 5.7 MMbbls on June 23–30, 2017.

    By Gordon Kristopher
  • uploads///gasoline demand
    Miscellaneous

    US Gasoline Demand Fell for the Second Straight Week

    The EIA (U.S. Energy Information Administration) estimates that US gasoline demand fell by 48,000 bpd (barrels per day) to 9,269,000 bpd on June 9–16, 2017.

    By Gordon Kristopher
  • uploads///NG prices  July
    Macroeconomic Analysis

    Natural Gas Prices Fall from the Key Resistance Level

    Natural gas prices fell from the key resistance level of $2.90 per MMBtu as of July 14. The rising inventories and warmer weather forecast are impacting prices.

    By Gordon Kristopher
  • uploads///NG chart
    Macroeconomic Analysis

    Natural Gas Prices Slip Back from Key Resistance Level

    NYMEX-traded natural gas futures contracts for August delivery fell from the key resistance level of $2.90 MMBtu on July 16, 2015

    By Gordon Kristopher
  • uploads///NG inventory
    Macroeconomic Analysis

    Natural Gas Inventories Increase for 15 Consecutive Weeks

    Government data showed that natural gas inventories increased by 99 billion cubic feet to 2,767 Bcf for the week ended July 10, 2015.

    By Gordon Kristopher
  • uploads///NG three months futures price chart
    Macroeconomic Analysis

    Natural Gas Prices Hit Key Resistance of $2.90 MMBtu

    August natural gas futures contracts trading on the NYMEX resumed their rally on Thursday, July 15, 2015.

    By Gordon Kristopher
  • uploads///NG inventory July
    Macroeconomic Analysis

    Will Natural Gas Inventories Rise for 15 Straight Weeks?

    For the week ended July 10, 2015, the EIA will publish its weekly natural gas in storage report on July 16.

    By Gordon Kristopher
  • uploads///NG  month  July
    Macroeconomic Analysis

    Natural Gas Prices Settle Closer to the Key Resistance Level

    August natural gas futures contracts trading in NYMEX rose for the third day. Natural gas prices are trading just below the key resistance level of $2.90 per MMBtu.

    By Gordon Kristopher
  • uploads///NG inventory  July
    Macroeconomic Analysis

    What to Expect from the EIA’s Natural Gas Inventory Report

    On July 16, the EIA will release the weekly natural gas report for the week ending July 10. Natural gas inventories rose by 91 Bcf for the week ending July 3.

    By Gordon Kristopher
  • uploads///NG  month  July
    Macroeconomic Analysis

    Natural Gas Prices Fluctuate in a Narrow Range

    August natural gas futures contracts rose from the key support level of $2.70 per MMBtu and closed at $2.72 MMBtu on July 9, 2015.

    By Gordon Kristopher
  • uploads///UNG ETF  month  July
    Macroeconomic Analysis

    Natural Gas Prices Rise due to Short Covering

    Natural gas prices rose by 1.48% and closed at $2.72 per MMBtu (British thermal units in millions) on July 10. Natural gas prices rose due to short covering.

    By Gordon Kristopher
  • uploads///NG  month chart  July
    Macroeconomic Analysis

    Will Natural Gas Prices Test the Next Support Level?

    Oversupply concerns and bearish sentiments could drag natural gas prices to the next support of $2.50 per MMBtu. Gas prices tested this level in April 2015.

    By Gordon Kristopher
  • uploads///NG  Month Chart EIA July
    Macroeconomic Analysis

    Why Natural Gas Prices Could Hit New Lows

    The bearish momentum could drag natural gas prices lower. Oversupply factors could see natural gas prices test the key support of $2.50 per MMBtu.

    By Gordon Kristopher
  • uploads///NG  month July
    Macroeconomic Analysis

    Natural Gas Struggles in a Narrow Range: Last 5 Trading Sessions

    Natural gas futures contracts for August delivery settled closer to the key support level of $2.70 MMBtu as of July 1. They’re trading in a narrow range.

    By Gordon Kristopher
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