Guggenheim S&P 500® Equal Wt Energy ETF
Behind the Natural Gas Price Forecasts for 2016 and 2017
In its March report, the EIA stated that the US natural gas supply-demand gap could average 2.89 Bcf per day in 2016 and rise to 4.05 Bcf per day in 2017.
Why Could Oil Inventories Pressure Crude Oil Prices?
The relationship between crude oil inventories and crude oil prices is inverse. Crude oil prices bottomed out in early 2016.
Will OPEC Successfully Implement Its Production Cap Plans?
An OPEC meeting is scheduled for November 30, 2016, in Vienna. The meeting could provide details about the quota system for OPEC members.
Inside Chesapeake Energy’s 1Q16 Operational Highlights
Chesapeake Energy’s total production volume in 1Q16 was 672.4 Mboepd . This represents a YoY rise of ~1%, adjusted for asset sales.
Market Moves Focus to OPEC Meeting in November
Crude oil prices rose 12% in August 2016, partially due to speculation around OPEC’s attempts to cap output.
What Are the Trends in Anadarko’s Revenue and Profit Margins?
Anadarko Petroleum’s (APC) revenue rose ~16.2% YoY (year-over-year) in 4Q16. In comparison, its YoY revenue growth was -35% in 4Q15 and 12% in 3Q16.
Crude Oil Prices Fell below the 200-Day Moving Average
Crude oil prices were $50–$54 per barrel between December 2016 and early March 2017. Prices broke below $50 per barrel on March 9, 2017.
Libya’s Crude Oil Production: Bears Could Control Oil Prices
Libya’s crude oil production was at 1,030,000 bpd in July 2017. Production has risen ~60% from its levels in January 2017.
Will Crude Oil Prices Breach $60 per Barrel in 1H17?
Goldman Sachs expects Brent crude oil to average $58 per barrel in 2H17. Likewise, it expects WTI crude oil prices to average $57.50 per barrel.
US Distillate Inventories Fell for the First Time in 5 Weeks
The fall in distillate inventories supported diesel and crude oil futures on June 28, 2017. US diesel futures rose 1.4% to $1.43 per gallon on June 28.
Crude Oil Reverses as US Dollar Hits 14-Year High
February WTI (West Texas Intermediate) crude oil (PXI) (XOP) (XES) (IEZ) (ERX) (USL) (ERY) futures contracts fell 2.6% and settled at $52.33 per barrel on January 3, 2017.
Will Oil Producers’ Meeting Support Crude Oil Prices in September?
OPEC producers will be meeting at an energy forum in Algeria from September 26–28, 2016. Crude oil prices are up by 16% so far in August 2016.
Crude Oil Futures Near 7-Week High
September US crude oil (RYE) (VDE) (BNO) futures contracts rose 3.3% to $47.8 per barrel on July 25, 2017.
Reality Check: Major Oil Producers’ Output Cut Plans
Crude oil prices have risen ~15% since November 2016 due to the expectation that major oil producers’ production cuts would curb oversupply in the market.
What to Expect from Libya’s Crude Oil Production in September
The EIA estimates that Libya’s crude oil production fell by 145,000 bpd (barrels per day) to 860,000 bpd in August 2017—compared to the previous month.
Record US Crude Oil Production Weighs on Oil Prices
The EIA reported that US crude oil production increased by 2,000 bpd (barrels per day) to a record high of 10,725,000 bpd on May 11–18.
Natural Gas Prices Are Flat Ahead of the EIA’s Report
December natural gas futures were almost flat at $2.26 per MMBtu on November 12, 2015. The natural gas prices didn’t change.
Producers’ Production Cut Deal: Will the Extension Happen?
Crude oil (IEZ) (RYE) (USO) (XOP) prices rose ~16% between November 15, 2016, and March 6, 2017, due to major oil producers’ production cut deal.
US Crude Oil Production Achieved a New Record
The EIA released its weekly US crude oil production data on May 2. It reported that US crude oil production increased by 33,000 bpd (barrels per day) to a record high of 10,619,000 bpd.
US Crude Oil Production Hit a 13-Month High
US crude oil production is at the highest level since February 2016. The rise in crude oil production pressured crude oil prices on March 8, 2017.
Why Natural Gas Prices Have Fallen by 4.6% in the Last 3 Days
Natural gas prices fell for the third-consecutive day on November 19, 2015, due to long-term oversupply concerns and rising natural gas inventories.
Will US Crude Oil Futures Fall from 4-Month Highs?
WTI (West Texas Intermediate) crude oil (RYE) (VDE) futures hit $26.21 per barrel on February 11, 2016—the lowest level in more than a decade.
How Long Will Nigeria’s Supply Disruption Help Oil Prices?
Crude oil prices rose on June 9, 2017, due to the supply outage in Nigeria. Rebels damaged the Trans Niger pipeline in Nigeria, which caused a leak.
OPEC and Non-OPEC Meeting Could Drive Crude Oil Futures
August US crude oil futures contracts rose 0.4% and closed at $44.4 per barrel on July 10. Brent crude oil futures rose 0.4% to $46.8 per barrel.
Gasoline Inventories and Consumption Impact Crude Oil Prices
The EIA reported that US gasoline inventories rose by 2.8 MMbbls to 259.1 MMbbls from February 3–10. US gasoline inventories are at the highest levels ever.
Crude Oil Prices Fell and Dragged S&P 500 Down
US crude oil (VDE) (RYE) (XLE) futures contracts for July delivery fell 0.3% and closed at $49.66 per barrel on May 30, 2017.
Geopolitical Tensions Impact Crude Oil Prices
On October 3, 2017, Iraq banned selling dollars to Kurdistan’s banks due to the vote in the referendum. Geopolitical tensions could impact crude oil prices.
Traders Skeptical about Major Oil Producers’ Meeting
OPEC (Organization of the Petroleum Exporting Counties) producers will be meeting at an energy forum in Algeria from September 26–28, 2016.
Crude Oil Prices Skyrocket before OPEC’s Meeting
Crude oil prices rose on November 15, 2016. However, expectations of a bearish crude oil inventory report could pressure crude oil prices.
API Crude Inventory Estimates Could Weigh on Crude Oil Prices
On September 20, the API will release its weekly crude oil inventory report. US crude oil inventories could have risen by 2,300,000 barrels from September 9–16.
Will Brent and US Crude Oil Prices Rise in 2018?
November US crude oil (DWT)(UWT)(USO) futures are above their 20-day, 50-day, and 100-day moving averages at $49.25, $48.77, and $48.11 per barrel as of September 25.
US Distillate Inventories Rose for the Eighth Time in 10 Weeks
US distillate inventories rose by 0.64 MMbbls (million barrels) to 139.8 MMbbls on January 12–19, 2018, according to the EIA.
Crude Oil Prices Rise: Is It Time for a Collapse?
WTI crude oil prices have risen 9.4% since June 21, 2017. Brent and US crude oil prices are near a three-week high.
US Crude Inventories and OPEC Push Crude Oil to 5-Month High
November WTI (West Texas Intermediate) crude oil futures contracts rose 2.3% and settled at $49.83 per barrel on October 5, 2016.
Decoding the Major Oil Producers’ Meeting in Algeria
OPEC producers’ meeting was held from September 26–28, 2016. Crude oil prices rose 12% in August 2016 due to speculation about the meeting’s outcome.
Iran’s Crude Oil Production Could Impact the Crude Oil Market
The EIA (U.S. Energy Information Administration) estimates that Iran’s crude oil production rose by 60,000 bpd to 3,780,000 bpd in January 2017.
Will the US Dollar and Inventories Impact Crude Oil Futures?
March US crude oil (DBO) (UWT) futures contracts increased 1.8% to $65.61 per barrel on January 24, 2018.
How Cushing Inventories and OPEC Are Pressuring Crude Prices
January 2017 WTI (West Texas Intermediate) crude oil futures contracts fell 2.3% and settled at $49.77 per barrel on December 7, 2016.
What Are the Key Resistance Levels for Crude Oil Futures?
March US crude oil futures were above their 100-day, 50-day, and 20-day moving averages on January 26, 2018—more bullish momentum for oil prices.
Libya’s Crude Oil Production Nears 4-Year High: What’s Next?
Libya is an OPEC member but was exempt from the production cut deal due to political and economic instability.
Crude Oil Prices Skyrocket as OPEC Agrees to Cut Production
Crude oil prices hit a one-month high as OPEC reached an agreement to cut production by 1.2 MMbpd in its meeting in Vienna.
Production Freeze: Saudi Arabia and Iran Are Playing Hide and Seek
Saudi Arabia and Iran are both important to production freeze talks. Both countries have the option to expand their production capacities.
Why Is US Crude Oil Production at a 2-Year High?
The EIA (U.S. Energy Information Administration) estimates that US crude oil production rose by 79,000 bpd or 0.83% to 9,502,000 bpd on August 4–11, 2017.
Natural Gas Prices Are Volatile Due to the Weather Report
December natural gas futures trading in NYMEX rose by 0.40% on November 4, 2015. Natural gas prices rose due to cooler weather estimates.
Natural Gas Prices Flat after Inventory Report
Natural gas prices fell more than 20% YTD (year-to-date) due to oversupply concerns.
EIA and API’s Crude Oil Inventories Impact Oil Prices
On December 28, the API released its weekly crude oil inventory report. US crude oil inventories rose by 4,200,000 barrels from December 16–23, 2016.
What Are Analysts’ Recommendations for Chesapeake Energy?
Approximately 22% of analysts rate Chesapeake Energy (CHK) a “buy,” and 59% rate it a “hold.”
Natural Gas Prices Fell Due to Weak Demand Cues
Natural gas futures contracts for December expiry fell by 2.5% on Wednesday, November 11, 2015. Natural gas prices fell due to weak demand cues.
Record US Crude Oil Inventories: Will the Blood Bath Continue?
A Bloomberg survey estimates that US crude oil inventories could have risen by 3 MMbbls from March 3–10. US crude oil inventories are at an all-time high.
Why Did Natural Gas Prices Rise for the Second Day?
NYMEX-traded natural gas futures contracts for December delivery rose by 1% on November 16. Natural gas prices rose almost 5.5% in two days.
US Crude Oil Production Hit a 20-Month High
The EIA reported that US crude oil production rose by 17,000 bpd to 9,252,000 bpd on April 7–14, 2017. Production rose 0.2% week-over-week.
Crude Oil Prices Tumble Due to Slowing Refinery Demand
September West Texas Intermediate crude oil futures contracts trading on the NYMEX fell by 3.7% and closed at $40.06 per barrel on August 1, 2016.
How the Major Oil Producer Output Cut Plan Could Fail
Crude oil prices have risen ~20% since November 2016 due to the expectation that the major oil producers’ production cuts would curb oversupply in the market.
US Crude Oil Inventories Fell below the 5-Year Average
The EIA reported that US crude oil inventories fell by 7.2 MMbbls to 483.4 MMbbls on July 14–21, 2017. Inventories fell below the five-year range.
Crude Oil and Product Inventories Impact Crude Oil Futures
US crude oil futures have risen 6% from the ten-month low on June 21, 2017. Futures have also risen 2% in the last month.
Crude Oil Prices Fell before OPEC’s Meeting
Traders’ uncertainty about whether OPEC would cap or reduce production at the meeting on November 30 pressured crude oil prices on November 23, 2016.
US Crude Oil Imports from Saudi Arabia Hit a 7-Year Low
US crude oil imports have fallen 4.5% YTD. US crude oil imports from Saudi Arabia are at a seven-year low at 524,000 bpd for the week ending July 14, 2017.
FOMC Meeting Could Surprise Crude Oil Traders
US crude oil (UCO) (USL) futures contracts for January delivery rose 0.7% and were trading at $58.4 per barrel at 1:02 AM EST on December 12, 2017.
Could Russia’s Crude Oil Production Help Crude Oil Bulls?
Russia’s crude oil production is down ~179,000 bpd (barrels per day) from 11.23 MMbpd in October 2016 due to major producers’ production cut deal.
Will the OPEC and Non-OPEC Meeting Drive Crude Oil Futures?
September WTI (West Texas Intermediate) crude oil (RYE) (VDE) (UCO) futures contracts rose 1.1% to $49.58 per barrel on August 4, 2017.
US Crude Oil Inventories Hit a New All-Time High
April West Texas Intermediate crude oil (ERX) (USO) (UCO) futures contracts were flat at $54.45 per barrel in electronic trading at 12:40 AM EST on February 24, 2017.
Why US Natural Gas Traders Are Tracking OPEC’s Production
Baker Hughes, a GE company, released its weekly US natural gas rigs report on January 19, 2018. Natural gas rigs increased by two to 189 on January 12–19.
Natural Gas Prices Rose Due to Strong Demand
Natural gas futures for December delivery rose by 4.5% on November 5. Natural gas prices rose due to a lower rise in the natural gas inventory data.
Natural Gas Prices Slump 9.4% for the Week
ETFs like the United States Natural Gas—UNG—ETF fell in the direction of natural gas prices on November 20, 2015. UNG fell by 4.7% on the day.
What Could Offset OPEC’s Crude Oil Production Cut Deal?
US crude oil production rose by 22,000 bpd to 9,342,000 bpd on May 19–26, 2017. Production is near the highest level since August 14, 2015.
US Crude Oil Production Reached Another Record
The EIA reported that US crude oil production rose by 46,000 bpd (barrels per day) to a record high of 10,586,000 bpd on April 13–20.
US Distillate Inventories Fell for the Third Time in 10 Weeks
US distillate inventories fell by 3.8 MMbbls or 2.7% to 139.2 MMbbls on January 5–12, 2018. The inventories fell by 29.9 MMbbls or 18% from a year ago.
Is Saudi Arabia’s Crude Oil Production Strategy Working?
Saudi Arabia’s crude oil production fell by 470,000 bpd to 9.98 MMbpd (million barrels per day) in January 2017—compared to the previous month.
What to Watch for in the Energy Sector This Week
Moves in crude oil prices can impact the earnings of oil and gas producers such as ConocoPhillips (COP) and Northern Oil & Gas (NOG).
Distillate Inventories: More Bullish News for Oil
The US Energy Information Administration (or EIA) released its weekly crude oil and gasoline inventory report on September 20, 2017.
Will OPEC and Russia Announce Deeper Production Cuts?
The OPEC and non-OPEC monitoring committee meeting will be held on July 24, 2017, in Russia. The meeting will discuss production cut deal compliance.
US Distillate Inventories Are near a 7-Year High
The EIA (U.S. Energy Information Administration) reported that US distillate inventories fell by 0.7 MMbbls to 170.1 MMbbls from February 3–10, 2017.
Inside the Global Crude Oil Supply-Demand Gap
The EIA estimated that the global crude oil supply-demand gap averaged 0.58 MMbpd (million barrels per day) in 1H16.
How the US Dollar and Brexit Are Affecting Crude Oil Prices
Prior to the Brexit referendum, WTI (West Texas Intermediate) crude oil futures contracts for August delivery rose by 2% and settled at $50.11 per barrel on Thursday, June 23, 2016.
Libya’s Crude Oil Production Is at a 4-Year High
August West Texas Intermediate (or WTI) crude oil futures contracts rose $1.03 per barrel, or 2.2%, and settled at $47.07 per barrel on July 3, 2017.
US Distillate Inventories Fell for the Fourth Straight Week
The EIA (U.S. Energy Information Administration) reported that US distillate inventories fell by 1.72 MMbbls to 147.7 MMbbls on July 28–August 4, 2017.
Surprise Build in US Crude Oil Inventories Hurt Oil Prices
The EIA reported that US crude oil inventories rose by 3.3 MMbbls (million barrels) to 513.2 MMbbls between May 26, 2017, and June 2, 2017.
OPEC, Russia, and the US Could Pressure Crude Oil Futures
US crude oil (RYE) (VDE) (SCO) futures contracts for August delivery fell 2.8% and settled at $44.23 per barrel on July 7. Prices are near a ten-month low.
Natural Gas Prices Rose More than 5% in the Last 3 Sessions
December natural gas futures trading in NYMEX rose by 0.3% on November 6, 2015. Natural gas prices rose due to the consensus of rising demand.
Natural Gas Inventory Falls for 4th Straight Week
The EIA reported that the US natural gas inventory fell by 32 Bcf (billion cubic feet) to 3,814 Bcf for the week ending December 18.
Will US Oil Production Pressure Crude Oil Futures?
February WTI crude oil futures contracts fell 0.9% to $63.73 per barrel on January 16. Brent oil futures fell 1.6% to $69.15 per barrel on the same day.
US Natural Gas Futures Could Continue to Fall
Hedge funds’ net long positions in US natural gas futures (UGAZ) (UNG) and options contracts were at 5,318 for the week ending January 2, 2018.
US Dollar Hit a 3-Year Low: Good News for Crude Oil?
The US Dollar Index (UUP) fell 0.64% to 90.39 on January 16, 2018—the lowest level since December 2014.
Traders Could Start Booking a Profit in Crude Oil Futures
On January 16, 2018, Goldman Sachs said that crude oil prices could exceed its forecast in the coming months.
India’s Crude Oil Imports Hit a Record in 2017
India is the world’s third-largest crude oil consumer. Its oil imports hit a record in 2017. India’s crude oil imports rose 1.8% to 4.3 MMbpd in 2017.
Why OPEC’s Crude Oil Production Rose in January
A Reuters survey showed that OPEC’s crude oil production increased by 100,000 bpd (barrels per day) to 32.4 MMbpd (million barrels per day) in January 2018.
EIA Upgrades US Crude Oil Production for 2019
US crude oil production increased by 84,000 bpd to a record high of 10,703,000 bpd on April 27–May 4. The production also increased ~15% YoY.
US Crude Oil Output Reached a New Record
The EIA estimates that the weekly US crude oil output rose by 27,000 bpd to a record high of 10,460,000 bpd on March 23–30, 2018.
US Crude Oil Production Has Risen ~23% since July 2016
US oil prices have dropped 7.8% since January 26, 2018.
US Crude Oil Production Fell Slightly from Record High
US crude oil production decreased by 1,000 bpd to 10,270,000 bpd on February 9–16, 2018. However, production increased by 1,269,000 bpd or 14.1% YoY.
US Natural Gas Inventories: Largest Weekly Withdrawal since 2014
US natural gas inventories declined by 194 Bcf (billion cubic feet) to 1,884 Bcf on February 2–9, 2018, according to the EIA.
Will OPEC’s Production Cuts Offset Record Crude Oil Production?
US crude oil production increased by 20,000 bpd (barrels per day) to a record high of 10,271,000 bpd on February 2–9, 2018.
US Gasoline Inventories Could Threaten Crude Oil Prices
According to the EIA, US gasoline inventories increased by 3.1 MMbbls (million barrels) to 244 MMbbls on January 12–19, 2018.
Massive Fall in Crude Oil Inventories Pushed Oil Prices Higher
US crude oil inventories fell by 4.9 MMbbls (million barrels) to 419.5 MMbbls between December 29, 2017, and January 5, 2018.
Crude Oil Inventories Fell, Refinery Utilization Hit 12-Year High
US crude oil futures contracts for February delivery fell 0.1% to $61.95 per barrel at 1:05 AM EST on January 5, 2018—the highest level since December 2014.
US Crude Oil Inventories Have Fallen ~10.6% in 2017
February WTI crude oil futures (DWT)(SCO) contracts rose 0.8% to $60.3 per barrel at 12:45 AM EST on December 29, 2017—the highest level since June 2015.
How Did Chesapeake Energy Perform?
In this three-part series, we’ll discuss the top 18 cheapest stocks in the S&P 500 for 2018 based on their forward PE ratios.
Iran’s Crude Oil Production Is near a 9-Year High
The EIA estimates that Iran’s crude oil production fell by 10,000 bpd or 0.3% to 3,840,000 bpd in November 2017—compared to the previous month.
Will US Crude Oil Inventories Push Crude Oil Prices Higher?
US crude oil inventories fell 17.3% from their peak. So far, they have fallen 8.3% in 2017. Similarly, oil (DWT) (UCO) prices have risen ~9% in 2017.
How Could US Tax Bill Affect Dollar and Crude Oil Prices?
The US Dollar Index advanced 0.1% to 92.8 last week. Consequently, it pressured oil prices during the week.