SG Commodities Review: Copper
Robin Bhar
2013.03.20
■ Copper prices have lost their anchor at $8,000/t. Reasons for the sharp fall include weak physical demand, soaring exchange stocks of copper, disappointing data from China, and lack of Chinese buying after the Lunar New Year holidays concluded in mid-February.
Saturday, March 23, 2013
Bakken Emerges as Contender for US Oil Drilling Crown
Bakken Emerges as Contender for US Oil Drilling Crown
Published: Saturday, 23 Mar 2013 | 12:00 AM ET
By: Javier E. David
Special to CNBC.com
In the resurgence of US energy production, one spillover effect has been to put relatively obscure places on the map. One of those is Bakken, an oil hub that some believe could challenge the Gulf Coast's prodigious crude output.
http://www.cnbc.com/id/100579131
Published: Saturday, 23 Mar 2013 | 12:00 AM ET
By: Javier E. David
Special to CNBC.com
In the resurgence of US energy production, one spillover effect has been to put relatively obscure places on the map. One of those is Bakken, an oil hub that some believe could challenge the Gulf Coast's prodigious crude output.
http://www.cnbc.com/id/100579131
Friday, March 22, 2013
Cramer’s Refiner Plays
Cramer’s Refiner Plays
Published: Friday, 22 Mar 2013 | 6:25 PM ET
By: Lee Brodie
Producer
"If you happen to be a refiner, you're probably doing very well right now," said Jim Cramer.
The Mad Money host believes that US based refineries are in the sweet spot, here and now.
That's largely because there has been an explosion in domestic oil production due to recent discoveries in places such as the Bakken and the Eagle Ford. That's helped moderate the price of US crude oil, also known as WTI, to about $93.
Brent, which is the benchmark, is about $15 higher. (The difference is known as the spread.)
Currently refiners are benefitting from that spread because they're able to buy US crude oil at the lower prices, refine it and then sell their products at levels based on the higher priced Brent.
http://www.cnbc.com/id/100583806
Published: Friday, 22 Mar 2013 | 6:25 PM ET
By: Lee Brodie
Producer
"If you happen to be a refiner, you're probably doing very well right now," said Jim Cramer.
The Mad Money host believes that US based refineries are in the sweet spot, here and now.
That's largely because there has been an explosion in domestic oil production due to recent discoveries in places such as the Bakken and the Eagle Ford. That's helped moderate the price of US crude oil, also known as WTI, to about $93.
Brent, which is the benchmark, is about $15 higher. (The difference is known as the spread.)
Currently refiners are benefitting from that spread because they're able to buy US crude oil at the lower prices, refine it and then sell their products at levels based on the higher priced Brent.
http://www.cnbc.com/id/100583806
Why the Nat Gas Rally Could Run Out of Gas
Why the Nat Gas Rally Could Run Out of Gas
Published: Friday, 22 Mar 2013 | 10:36 AM ET
Natural gas has been ablaze. The commodity has doubled over the past eleven months, and just this week traded up to its highest level since September 2011.
So can the rally continue?
Well, one potential problem lies on the chart horizon.
http://www.cnbc.com/id/100582414
Published: Friday, 22 Mar 2013 | 10:36 AM ET
Natural gas has been ablaze. The commodity has doubled over the past eleven months, and just this week traded up to its highest level since September 2011.
So can the rally continue?
Well, one potential problem lies on the chart horizon.
http://www.cnbc.com/id/100582414
SG Commodities Review: Carbon
SG Commodities Review: Carbon
Paolo Coghe & Stephanie Aymes
2013.03.20
■ After the crucial success in the ENVI vote on February 19, the path to the formal approval process for backloading will continue and the Parliament and Council, along with the European Commission, will enter into ‘trialogue’ negotiations to arrive at a common text before the plenary vote scheduled for 15 April at the European Parliament.
Paolo Coghe & Stephanie Aymes
2013.03.20
■ After the crucial success in the ENVI vote on February 19, the path to the formal approval process for backloading will continue and the Parliament and Council, along with the European Commission, will enter into ‘trialogue’ negotiations to arrive at a common text before the plenary vote scheduled for 15 April at the European Parliament.
SG Commodities Review: Thermal coal
SG Commodities Review: Thermal coal
Paolo Coghe
2013.03.20
■ Throughout 2012 the mining sector started to rediscover some of the investment discipline that had disappeared during the commodity bull run of the last decade, causing an oversupply of coal, exacerbated by a global economic slowdown, and in turn leading to a material price slide and current depressed price levels.
Paolo Coghe
2013.03.20
■ Throughout 2012 the mining sector started to rediscover some of the investment discipline that had disappeared during the commodity bull run of the last decade, causing an oversupply of coal, exacerbated by a global economic slowdown, and in turn leading to a material price slide and current depressed price levels.
SG Commodities Review: The four consequences of the US shale gas revolution
SG Commodities Review: European Gas and LNG
Thierry Bros
2013.03.20
The four consequences of the US shale gas revolution
1/ US coal is displacing Russian gas in Europe
The US shale gas revolution pushed Cheap US coal and is displacing expensive gas for power generation in Europe. But, faced with record low European gas demand, Norway managed to increase its production, forcing Gazprom to act as the swing supplier.
Thierry Bros
2013.03.20
The four consequences of the US shale gas revolution
1/ US coal is displacing Russian gas in Europe
The US shale gas revolution pushed Cheap US coal and is displacing expensive gas for power generation in Europe. But, faced with record low European gas demand, Norway managed to increase its production, forcing Gazprom to act as the swing supplier.
SG Commodities Review: European Gas and LNG
SG Commodities Review: European Gas and LNG
Thierry Bros
2013.03.20
■ Norway exported a record 107.6 bcm of pipe gas in 2012, according to the gas system operator Gassco.
Thierry Bros
2013.03.20
■ Norway exported a record 107.6 bcm of pipe gas in 2012, according to the gas system operator Gassco.
SG Commodities Review: US Natural Gas
SG Commodities Review: US Natural Gas
Laurent Key
2013.03.20
■ SG research’s Cal 13 price forecast was revised 20 cents higher vs last quarter at $3.70, due to the bullish withdrawals experienced at the end of the winter.
Laurent Key
2013.03.20
■ SG research’s Cal 13 price forecast was revised 20 cents higher vs last quarter at $3.70, due to the bullish withdrawals experienced at the end of the winter.
SG Commodities Review: Oil
SG Commodities Review: Oil
Michael Wittner
2013.03.20
■ Strong growth in Chinese demand is driving 1.1 Mb/d of global consumption growth this year. Total growth in non-OPEC supply, including OPEC NGLs, comes to 1.4 Mb/d, driven by 1.0 Mb/d growth in US liquids output. Saudi Arabia has been cutting proactively and aggressively to balance the market.
Michael Wittner
2013.03.20
■ Strong growth in Chinese demand is driving 1.1 Mb/d of global consumption growth this year. Total growth in non-OPEC supply, including OPEC NGLs, comes to 1.4 Mb/d, driven by 1.0 Mb/d growth in US liquids output. Saudi Arabia has been cutting proactively and aggressively to balance the market.
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