Shale

Commodity Tracker: 6 charts to watch this week

Traders of oil products and iron ore have their eyes trained on China’s supply-side dynamics, as the country grapples with the coronavirus outbreak. Also in the spotlight this week: Permian gas output, Germany’s coal plant closures, US corn exports and European gas prices. 1. China oil product ...

Asia Midday: Coronavirus Steals The Headlines

Coronavirus continues to steal the world’s headlines, with Chinese authorities quarantining additional cities around Wuhan. Chinese New Year public festivities were cancelled across the mainland and Hong Kong, with even Jackie Chan’s latest movie release, postponed. Mainland stock markets had ...

Oil falls nearly 3% as over-supply concerns weigh

Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries outweighed concern over disruptions to Libya’s crude output. Brent crude was down $1.39, or 2.2%, at $63.20 per barrel. U.S. West Texas Intermediate crude fell 2.8%, ...

Granite Oil Corp. Announces 2019 Year End Reserve Metrics

CALGARY, Alberta, Jan. 20, 2020 (GLOBE NEWSWIRE) — GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to present the summary results of the independent reserves report (the “Sproule Report”) prepared by Sproule Associates Limited (†...

Reading the tea leaves: China and commodities in 2020

China’s voracious demand for commodities and energy continued unabated in 2019 despite a slowing economy and uncertain external environment. But what will be on the agenda in 2020 as the economy, environment and energy security come into greater focus? Here are are some key trends to watch over t ...

Asia Midday: All Pact And Ready To Go

Markets in Asia have entered a holding pattern ahead of an expected signing by the US and China of their Phase-1 trade pact later today. The morning has not been without drama, however. The US Government surprising Wall Street by stating that all tariffs will remain in place by both sides after th ...

Asia Morning: Markets Keep Buying Everything, Even Tesla

It is hard to believe that just one week ago, markets were again contemplating a potential war in the Middle East. That bullet was dodged, as both the US and Iran stepped back from the brink, albeit with a human tragedy that may still come to haunt Iran’s leadership. Markets instead have focuse ...

US Open – Stocks rise ahead of busy week, Oil steadies, Gold slides, Yuan rallies, Bitcoin shines

US stocks have recovered almost half of selloff that stemmed from Friday’s disappointing nonfarm payroll report.  The playbook for higher US stocks seems etched in stone as investors brace for what could be second straight quarterly decline with earnings.  Stocks should rally another 5% this y ...

The crude oil spectrum: Platts periodic table of oil

The global oil market is brimming with a smorgasbord of crudes, from the Canadian tar sands extracted with the help of steam and sand, to the lightest US condensates whose color mirrors a glass of fine white wine. Each crude stream possesses its own unique characteristics, and when refined yields v ...

Big Questions for 2020

As we flip the calendar into the new year and a new decade, it’s a good time to pause and think about what the next 12 months and beyond may hold in store for the oil and gas industry. Here are some of the big questions that are front of mind as we start the new year. Will oil prices go higher? T ...