• 4 minutes Phase One trade deal, for China it is all about technology war
  • 7 minutes IRAN / USA
  • 11 minutes Shale Oil Fiasco
  • 16 minutes Swedes Think Climate Policy Worst Waste of Taxpayers' Money in 2019
  • 8 mins China's Economy and Subsequent Energy Demand To Decelerate Sharply Through 2024
  • 7 hours What's the Endgame Here?
  • 1 hour Indonesia Stands Up to China. Will Japan Help?
  • 1 day Gravity is a scam!
  • 20 hours 10 Rockets hit US Air Base in Iraq
  • 13 hours US Shale: Technology
  • 16 hours Canada / Iran
  • 1 day Wind Turbine Blades Not Recyclable
  • 16 hours Remember: Only the Poor Can Reach the Kingdom of God
  • 22 hours IRAQ / USA
  • 1 day Tales From The Smoke Shack and beyond.
  • 1 day History’s Largest Mining Operation Is About to Begin
Alt Text

What The Trade War Ceasefire Means For Oil

The U.S. and China are…

Alt Text

Natural Gas Could Soon Fall Below $2

A bounce back in natural…

Alt Text

A Worrying Sign For U.S. Shale

After years of adding drilled…

Editorial Dept

Editorial Dept

More Info

Premium Content

Are Commodities In Crisis?

Friday March 22, 2019 .vemba-player-sticky{ min-width: 800px; z-index: 100000; }

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…




Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News