Blogs

<p>Oil market roiled by the surprising collapse of OPEC+ talk. For the time since late 2016, OPEC members and a number of non-OPEC oil producers failed to agree on a deal to limit output, as Russia refused to commit. In response, Saudi Arabia, the largest producer in OPEC and the second in the world, launched […]

<p>According to the CFTC Commitments of Traders report for the week ended March 3, NET LENGTH for crude oil futures plunged -43 097 contracts to 388 369 for the week. Speculative long positions added +5 106 contracts while shorts jumped -48 203 contracts. NET LENGTH for crude oil futures will decline further in the coming […]

<p>Falling for the first time in 3 weeks, NET LENGTH for gold futures declined -17 784 contracts to 335 865. According to the CFTC Commitments of Traders report for the week ended February 25, speculative long positions plunged -19 010 contracts, while shorts decreased -1 226 contracts. Gold price has benefited from safe-have demand amidst [&

<p>According to the CFTC Commitments of Traders report for the week ended February 18. NET LENGTH for crude oil futures gained +14 995 contracts to 411 764 for the week. Speculative long positions dropped -5 903 contracts while shorts declined -20 898 contracts. For refined oil products, NET LENGTH for gasoline added +3 320 contracts [&hellip

<p>According to the CFTC Commitments of Traders report for the week ended February 11. NET LENGTH for crude oil futures slipped -605 contracts to 396 769 for the week. Speculative long positions added +238 contracts while shorts gained +843 contracts. For refined oil products, NET LENGTH for gasoline added +575 contracts to 113 763, while [&h

<p>Oil agencies revised lower forecasts for global oil demand, with the outbreak of coronavirus being the key factor. The US Energy Information Administration (EIA) estimated that world oil demand will increase +1.02% to 101.74M bpd this year and then by +1.49% to 103.26M bpd in 2021. These figures were lower than January’s projections of 102

<p>The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks dropped -1.01 mmb to 1293.49 mmb in the week ended February 13. Crude oil inventory soared +7.46 mmb (consensus: +2.99 mmb) to 442.47 mmb. Stockpile rose in 4 out of 5 PADDs. Cushing stock added […]

<p>According to the CFTC Commitments of Traders report for the week ended February 4. NET LENGTH for crude oil futures slumped -64 388 contracts to 397 374 for the week. Speculative long positions fell -11 338 contracts while shorts rose +53 050 contracts. For refined oil products, NET LENGTH for gasoline gained +8 540 contracts […]

<p>The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks dropped -0.89 mmb to 1294.91 mmb in the week ended January 31. Crude oil inventory gained +3.36 mmb (consensus: +2.83 mmb) to 435.01 mmb. Stockpile in PADD 3 (Gulf Coast) rose +4.92 mmb. Cushing stock […]

<p>According to the CFTC Commitments of Traders report for the week ended January 28. NET LENGTH for crude oil futures declined -58 806 contracts to 461 762 for the week. Speculative long positions fell -10 973 contracts while shorts rose +47 833 contracts. For refined oil products, NET LENGTH for gasoline fell -23 085 contracts […]