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Finance / Investing & Trading Reports

Investing & Trading Reports
  • An OPEC Nation Ships Its First Oil in 9 Months

    Further to my note yesterday, there seems to a lot of focus recently on one particular commodity: oil.Producers within the energy world and beyond have been desperately seeking crude exposure. Largely because this one of the few commodities whose price has held up globally.The last few months have strengthened oil's unstoppable image. At the start of the year, it looked like prices might break down--with WTI having fallen from $110 to near $90. But a recent bounce has taken it decidedly back above $100. Signalling that the party is still continuing.But it's worth bearing in mind that the oil market…

  • A Loophole Is Revitalizing Old Oil Fields Here

    Some interesting news from the U.K. North Sea last week.Suggesting that this mature petroleum regime may be headed for some significant changes. And possibly increased production.The news came from mid-tier player Canadian Natural Resources. Who announced they have secured a new kind of tax break from the U.K. government.Specifically, a "brownfield allowance" (also known simply as BFA).The BFA program was started by the government here in 2012. In order to spur development of aging fields that are becoming more and more common.Since the introduction of the BFA program, Canadian Natural has been busy revamping three of its North Sea oil…

  • Two X-Factors for U.S. Petroleum

    There's been a sense that nothing can stop the "miracle" of U.S. unconventional oil and gas.Output has indeed been rising from petroleum plays across the country. Spurred by the introduction of new drilling and completion technology--especially multi-stage hydraulic fracturing, or fracking.But this drilling revolution has also attracted a lot of attention from the public. With a number of groups appearing to be making progress in opposing fracking.The past week we saw not one, but two such developments. In Ohio and California.The news from Ohio is the most substantive. Where the state Environmental Protection Agency introduced new rules last Friday on…

  • Oil Output Here Just Hit An All-Time High

    It's rare these days to find a non-U.S. oil region that's actually upping production.But news this week suggests that's the case in one far-afield locale: Pakistan.Local media report that Pakistan's national oil output hit 92,905 barrels per day during March. Representing record output for the country.This trend has been in motion for some time. With production for the nine months from July 2013 to March 2014 up 11%. To an average of 83,000 barrels per day.All of those figures suggest Pakistan's petroleum output is continuing to surge. And perhaps even accelerating its growth.The question is: why now?The recent production numbers…

  • BG Group Eyes Singapore as New LNG Trading Hub

    UK-based BG Group is joining in the rush on Singapore as the company moves to relocate its global oil and gas-trading headquarters to the Asia’s largest emerging hub. BG’s decision is based on its desire to be closer to some of its key business, including a 2008 contract to supply 3 million tons of liquefied national gas (LNG) annually for 10 years to Singapore beginning in 2013. “By moving the center of our global LNG and oil marketing business to Singapore, the heart of the fastest growing LNG region, we are closer to many more of our existing customers and…

  • Here's An Unusual Move For This Emerging Oil Major

    We saw an unexpected entrant into the world's biggest deepwater play last week.PTTEP, the national oil company of Thailand. Who signed a deal to jump into a new project realm for the company, in offshore Brazil.The Asian petro-major will take 25% of four deepwater blocks here held by BG Group. Covering over 3,000 square kilometres in the Barreirinhas basin.The deal is an important signal of shifts underway in the global oil sector. Particularly in terms of telling us who the next generation of major petroleum-producing countries around the world are going to be.A company like PTTEP is quietly becoming a…

  • Is This Key Energy Indicator Finally Falling?

    There's been one factor driving the international gas market lately. Asian LNG prices.Prices for LNG into Japan and Korea spiked the last few years. Following Japan's nuclear fleet going offline in the wake of the Fukushima disaster. As well as some of Korea's reactors being idled after a certification scandal.Both nations have looked to LNG to fill the power gap. Creating a perfect storm that's driven prices over $20/MMBtu, as recently as February.But news this week suggests this effect may be moderating. An observation that should give pause to all investors exposed to international gas pricing.Platts reports that the "Japan-Korea…

  • Panic as June Deadline Nears for Ethanol Mandate

    As the June deadline nears for a decision on the ethanol mandate, lobbying picks up momentum in Washington as ethanol struggles in a purgatory somewhere between free-market mechanisms and a regulatory environment. Last week, representatives of the American Coalition for Ethanol hit the pavement in Washington, DC, for the annual Biofuels Beltway in March, hoping to pressure the Environmental Protection Agency (EPA) ahead of a June decision on the 2014 Renewable Fuel Standard for ethanol. As market events spiral out of control for ethanol producers and bottlenecks slow shipments and create shortages, the Coalition wants to know how much ethanol…

  • Apache Oil Getting Rid of More Canadian Assets

    As part of its portfolio rebalancing strategy, Houston-based oil and gas company Apache Corp is selling oil-and-gas-producing assets in Canada worth $374 million. Seeking to shift more towards crude oil and liquids production, Apache is divesting dry gas assets covering 622,600 gross acres in the Ojay, Noel and Wapiti areas in Alberta and British Columbia. The fields averaged a combined daily production of 101 million cubic feet of natural gas and 1,500 barrels of liquid hydrocarbons in 2013.Apache said it will retain rights to the liquids-rich Montney shale formation and other deeper horizons. No buyer has yet been named, but…

  • Total, Lukoil To Drill in ‘Russian Bakken’

    Russia’s Lukoil and France's Total SA have reportedly signed a memorandum to develop the Bazhenov shale oil fields in western Siberia, according to Russian news agencies.  The announcement comes after Royal Dutch Shell and Russia’s Gazprom Neft launched drilling in January in Bazhenov, which is being compared to the highly prolific US Bakken shale. Lukoil CEO Vagin Alekperov said the company plans to extract some 100,000 tons of oil—or 733,000 barrels—this year from Bazhenov.According to the Financial Times, Lukoil’s potential partnership with Total would “mark a change of strategy for the Russian group, which until now has opted to develop…