• 3 minutes Australian power prices go insane
  • 7 minutes Wind droughts
  • 11 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 57 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 1 day "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 2 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 3 days "How China Could Send LNG Prices Into The Stratosphere" by Irina Slav
  • 2 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 4 days The Federal Reserve and Money...Aspects which are not widely known
  • 5 days How Far Have We Really Gotten With Alternative Energy
  • 8 days "We're All Sri Lankan Farmers Now" by James Corbett - (an important read)
  • 7 days "Oil-funded Rockefeller Foundation centers fight for climate" - Associated Press
Energy Bills Are Set To Soar In The UK

Energy Bills Are Set To Soar In The UK

UK energy bills, which are…

What’s Really Happening With Gasoline Demand?

What’s Really Happening With Gasoline Demand?

Demand destruction and continued inflation…

Editorial Dept

Editorial Dept

More Info

Premium Content

Are Commodities In Crisis?

Friday March 22, 2019

In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers.

Let’s take a look.

1. Another coal miner bites the dust

- Cloud Peak Energy (NYSE: CLD) was once hailed as one of the stronger U.S. coal producers, one that would still thrive in a declining market because of its low-cost coal in Wyoming, far from the mined out seams in Appalachia.
- Last week, Cloud Peak warned that bankruptcy was a possibility, and its stock price now trades at a few cents per share, down from over $5 per share in early 2018, and over $20 per share five years ago.
- Cloud Peak is emblematic of the coal industry as a whole. Shuttered power plants have left the company with a declining customer base. “This is not a problem with a fix,” Jeremy Sussman, an analyst with Clarksons Platou Securities, told Bloomberg.

2. Supply problems for copper

- Trading volume for copper futures spiked in recent days, which Bloomberg says is an indication of a supply shortage.
- A huge bet on higher prices for copper was placed on March 18.
- Citigroup says that supply will fall short of demand by about 116,000 metric…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News