• 2 minutes CV19: New York 21% infection rate + 40% Existing T-Cell immunity = 61% = Herd Immunity ?
  • 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 7 minutes Sources confirm Trump to sign two new Executive orders.
  • 1 hour COVID is real now
  • 4 hours Is the oil & gas industry on the way out?
  • 20 hours In a Nutshell...
  • 1 day Better Days Are (Not) Coming: Fed Officials Suggest U.S. Recovery May Be Stalling
  • 20 hours Australian renewables zone attracts 27 GW of solar, wind, battery proposals
  • 4 hours The Boris Yeltsin of America
  • 3 days Where is Alberta, Canada headed?
  • 2 hours Why Oil could hit $100
  • 3 days No More Love: Kanye West Breaks With Trump, Claims 2020 Run Is Not A Stunt
  • 3 days Putin Paid Militants to Kill US Troops
  • 4 days A Real Reality Check on "Green Hydrogen"
  • 3 days During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 3 days The Coal Industry May Never Recover From The Pandemic
Is The Battery Metal Boom Finally Here?

Is The Battery Metal Boom Finally Here?

Battery metals have hit rock…

Scientists Find Way To Convert Water Droplets Into Energy

Scientists Find Way To Convert Water Droplets Into Energy

Dutch and Chinese scientists reported…

Jim Hyerczyk

Jim Hyerczyk

Fundamental and technical analyst with 30 years experience.

More Info

Premium Content

High Volatility In Oil & Gas Continues

Thanksgiving week usually features low-volume, low-volatility moves in the energy complex, but so far in this holiday-shortened week, we have seen none of that with crude prices being influenced by heightened volatility in the equity markets and natural gas prices being supported by predictions of an extremely early triple-digit drawdown in supply.

After two-days of trading, crude oil futures were already down 5.73 percent, while natural gas prices were up 5.36 percent. Volatility came down a bit on Wednesday and Thursday after the government released its latest reports on crude oil inventories and natural gas supply (a 134 BcF draw in natural gas inventories, and a moderate build in crude oil stocks. These reports are likely to set the tone for the rest of the session and the rest of the week.

Crude Oil

The Fundamentals

Prices are primarily being influenced by concerns over rising production and falling demand. Output is rising, led by increasing production from the United States, Russia and Saudi Arabia, which now accounts for about a third of U.S. daily consumption.

Signs of lower demand are beginning to emerge. On Monday, Japan’s Ministry of Finance reported that October crude oil imports fell by 7.7 percent from the same month last year, to 2.77 million barrels per day (bpd). The International Energy Agency (IEA) is also warning about lower demand due a weakening global economy. Also helping to keep a lid on prices are signs of lower…





Leave a comment

Leave a comment




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