The price of ethanol is currently at $1.24 per gallon, at the time of writing. This is definitely on the low side, although recent days have seen the price rising. Could this month be the start of a strong recovery on the market? The Price HistoryEthanol is a volatile commodity…
Crude oil prices trade nearly 8% lower today on the reports that OPEC+ have been unable to reach an agreement to cut production in order to cope with the coronavirus outbreak. Today’s low of $42.34 marks the lowest crude has traded since June 2017. Fundamental analysis: OPEC+ talks on…
The case for divesting big oil companies in favor of green technologies met resistance after notable hedge fund ValueAct made the case for BP, noting the global oil giant can be “part of the solution,” according to CNBC.ValueAct is a San Francisco-based hedge fund with more than $15 billion…
Mexico’s business sector has prepared a wide range of energy investments for the government, worth nearly $92 billion, as part of the plan to help the country’s declining economy to recover. According to the document examined by Reuters, over the 2020-2024 period Mexico will be working on 275 projects. The…
The lower global prices for oil and gas have recently pushed Chevron Corp into strategizing for reducing expenditures. As part of the program, the American multinational energy corporation is opting for job cuts and offered buyouts to its U.S workforce for oil exploration and its production on Monday. Second…
Ben Dell is the founder and managing partner of Kimmeridge Energy Management, a private equity firm that focuses exclusively on the energy sector. When asked by Bloomberg’s Alix Steel how bad most of the energy sector has become amid falling oil prices, his answer can be summarized in one…
Teck Resources Ltd, a leading name in the league of Canadian miners, had previously applied to build its Frontier oil sands mine located in Alberta worth C$20.6 billion. In its announcement on Sunday, however, Teck declared its application to have been withdrawn. The federal government was scheduled to release its…
Gas prices have dropped significantly in recent days. This makes it a good time to look into this commodity and see what it might offer investors. To do this, we need to consider all of the factors that affect its price.Current Gas PricesAt the start of February 2020, the price…
Crude oil prices have continued to move lower in the last two days on the renewed fears of coronavirus-led concerns over the global economy. The price action is now threatening to clear the key support at $50. Fundamental analysis: All eyes on OPEC Concerns over the coronavirus outbreak, which may…
Investing in oil can be a smart way of diversifying your portfolio. This is typically regarded as being a fairly volatile and complex type of commodity. Let’s see what you need to know about it in order to understand whether the time is right to pump some money…
Weeks after the Coronavirus outbreak, markets are still gripped with fears, triggered by stalled business operations in China, even as the government fights to contain a virus that has so far claimed more than 500 lives. The dwindling oil demand from China, the second-largest importer of the commodity, has…
Crude oil prices are down nearly 16% in January, which is the biggest January slide since 1991 for the “black gold”. The price action is now closing down on the key support around the $50 mark. Fundamental analysis: Coronavirus death toll rises above 200 Crude oil prices keep dropping…
After a 2% dip on Monday, oil fell on Tuesday morning for the sixth session, extending losses as China continues to battle the Coronavirus that has sent panic through commodities markets. Oil-producing nations have raised the alarm over dwindling demand on crude as most industries in one of the…
Oil prices on Monday morning shed a further 2% off the already trimmed prices after it emerged that Coronavirus can spread without showing symptoms, casting doubts on the containment efforts by the affected countries.The drop marks a multi-month low in the wake of a promising start earlier this year…
The Energy Information Administration released the weekly U.S crude oil inventories data on Thursday. As per the report, in the week that ended on January 17th, crude oil refinery inputs in the United States were noted at 16.9 million barrels per day (BPD) on average which was around 116,000 BPD…
Between a drone attack on Saudi oil facilities, attacks on oil vessels in the Strait of Hormuz, and a tense standoff between the U.S. and Iran, oil prices should have spiked substantially higher, right? Wrong, at least according to Chevron CEO Michael Wirth.‘Era Of Abundance’The global oil market has undergone…
Global commodities dealer Trafigura is set to acquire a 6% ownership stake in London-listed oil and gas firm, President Energy. The London Stock Exchange trading company primarily holds assets in Argentina but is headquartered in the UK. Trafigura closed the deal with the youthful commodities company as part of…
Oil prices moved higher overnight after two big crude production bases in Libya started shutting down as a result of the military blockade. The prices have retreated lower during the European and American session, however, tensions remain high. Fundamental analysis: Prices higher on Libya supply disruption A few hours before the Berlin…
AIM-listed Nigerian-headquartered oil explorer Lekoil has temporarily suspended trading of its shares following a loan scandal involving a company that claimed to be working for Qatar Sovereign Investment Fund.A report by Alliance news indicated that the oil producer made preliminary arrangements with a company purporting to be representing Qatar…
China says it will buy an additional $95 billion worth of commodities from the US as a boost to phase one trade agreement. But doubts still lurk in the market.Most prices for the raw materials that were captured in the deal dipped on Wednesday, as Bloomberg Commodity Index dropped…
Denham Capital is a leading private equity firm focusing on the energy niche that is now investing $250 million in Ceiba Energy- a Latin American entity that employs power generation assets. The investment is in line with Denham Capital’s investment pattern in renewable and natural-gas power generation assets mainly…
Yesterday US President Donald Trump announced that the ongoing conflict between America and Iran appears to be easing. The pronouncement reduced fears of an escalation in the conflict between the two countries, instantly reversing an initial oil spike.US crude dipped 4% the moment Trump announced a possible end to the…
An independent UK oil company, Premier Oil, announced its decision to buy British Petroleum’s (BP) North Sea gas assets for $625 million. The Tolmount gas project, as per the announcement, will see a significant increase in Premier Oil’s stake following the investment. The project is funded by a rights…
There have been various talks and speculations about all the developments that came out of the oil shale boom in the United States, but the idea of achieving full energy independence was perhaps the most unlikely.Back in 2005, daily petroleum imports to the US hit a new high of…
The Wall Street was all calm before the United States decided to initiate a drone strike that ultimately killed a top Iranian commander. As a result, the tone in global markets has shifted from calm to cautious due to concerns over an escalation in tensions. Whenever there is a major…
