06302016Thu
Last update: Thu, 30 Jun 2016 05pm

Americas

Markets - Energy - Americas

Speculators boost US natural gas net longs -CFTC US natural gas speculators boosted their net longs for a second consecutive week, betting prices will rise as production eases and power demand picks up to absorb some of the record high amount of fuel left in inventories after a warm winter.Speculators in four major NYMEX and ICE markets added to their bullish bets by 48,893 contracts to 54,390 in the week to June 7, the US Commodity Futures Trading Commission said on Friday.That was the biggest weekly increase in contracts since January. It was also the highest net long position since December 2014 since the market was net short for 66 weeks from December 2014 to March 2016.Gas futures on the NYMEX averaged $2.42 per million British Thermal Units during the five trading days ended June 7 versus $2.10 during the four trading days ended May 31. The latter period was shorter because of the US Memorial Day holiday.To ...

Markets - Energy - Americas

Oil sinks as investors flee risk on growth worries NEW YORK: Swept up in a global markets selloff on concerns about economic growth, oil prices tumbled Friday as investors snared profits from a recent rally.Risk aversion dominated ahead of the Federal Reserve's US interest rate decision next Wednesday and Britain's vote on leaving the European Union the following week."We definitively have seen concerns about the global economic outlook... generally speaking there's a kind of flight to quality," said Phil Flynn of Price Futures Group. ...

Markets - Energy - Americas

Oil down ahead of US rig count; strong dollar weighs NEW YORK: Oil prices fell nearly 2 pct on Friday as investors braced for another likely rise in the US oil rig count this week and as a strong dollar again weighed on demand for crude futures denominated in the greenback. A slide in equity prices on Wall Street also pressured futures of Brent and US crude's West Texas Intermediate (WTI). More sabotage of Nigeria's oil industry by rebels had limited losses in Brent and ...

Markets - Energy - Americas

Oil down after 3-day rally; dollar rise sparks profit-taking NEW YORK: Oil prices settled down on Thursday, snapping a three-day rally after notching another 2016 high, as a strong dollar sparked profit-taking in crude futures by investors. Continuous threats by militants against Nigeria's oil industry and fear of more security incidents that could hit supplies worldwide, however, limited losses in crude. Brent crude oil futures settled down 56 cents at $51.95 a barrel, after falling nearly $1 earlier. It hit a 2016 high of ...

Markets - Energy - Americas

EIA keeps 2016, 2017 US crude output forecast declines unchanged NEW YORK: The US Energy Information Administration expects US crude production declines for 2016 and 2017 to remain unchanged from a month ago, it said on Tuesday. The agency said 2016 crude production will fall by 830,000 barrels per day to 8.6 million bpd, while 2017 crude production will fall by 410,000 bpd to 8.19 million bpd, according to the EIA's short term energy outlook.The EIA also said raised its 2016 US oil demand growth ...

Markets - Energy - Americas

Oil rises on supply worries; Fed chief's remarks limit gains NEW YORK: Oil prices rose on Monday as Nigeria's oil industry reeled from crippling attacks and traders cited data pointing to fresh draws in US stockpiles, but crude futures pared gains after remarks from Federal Reserve Chair Janet Yellen fed expectations that US interest rates could rise this year. Global oil benchmark Brent initially hit seven-month highs on worries about plummeting Nigerian production. Output of Nigeria's Bonny Light crude has fallen by an estimated 170,000 ...

Markets - Energy - Americas

Chile state oil firm ENAP to seek outside financing in 2016 SANTIAGO: Chilean state oil company ENAP plans to solicit outside financing this year to fund an ambitious $800 million investment plan for 2016, a local newspaper reported on Sunday. "We have an elevated level of investments that we are realizing this year, and that will require us to go out and look for new financing," ENAP Chief Executive Officer Marcelo Tokman told Chile's La Tercera in an interview. "The amount will depend on the market ...