Macro Crude: Understanding Finance and The Global Economy (Oil, Stocks, Commodities, Currencies)
Macro Crude
37 episodes
1 day ago
The intention of macro crude is to give you a very simple view on key movers of the macro economy, the world of oil, politics. The intersection of what moves currency markets, key themes for stocks, bonds. And really understanding the world of finance - one day at a time - and in punchy audio sessions which are less than five minutes. We will publish charts on our twitter account that cover interesting themes across major markets - whether its a chart on oil inventories in China - or a chart on the unemployment rate in the US, vote counts and we will distill it into a fact based view - while connecting the dots for you in the world of finance.
With the hope that this will be both a learning opportunity, invite a discussion and more importantly be a platform that sparks ideas and debate around key macro crude topics that impact our lives.
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The intention of macro crude is to give you a very simple view on key movers of the macro economy, the world of oil, politics. The intersection of what moves currency markets, key themes for stocks, bonds. And really understanding the world of finance - one day at a time - and in punchy audio sessions which are less than five minutes. We will publish charts on our twitter account that cover interesting themes across major markets - whether its a chart on oil inventories in China - or a chart on the unemployment rate in the US, vote counts and we will distill it into a fact based view - while connecting the dots for you in the world of finance.
With the hope that this will be both a learning opportunity, invite a discussion and more importantly be a platform that sparks ideas and debate around key macro crude topics that impact our lives.
Why US natural gas prices have weakened in November?
Macro Crude: Understanding Finance and The Global Economy (Oil, Stocks, Commodities, Currencies)
4 minutes 10 seconds
4 years ago
Why US natural gas prices have weakened in November?
Henry Hub prices at the prompt have weakened in November. Four key drivers
Warmer than expected weather in the US (Temperatures are 24% higher than normal this month).
As Henry Hub prices increased above US$3/mmbtu level in October – this has incentivised more coal fired generation in the US (Exhibit 2 below)
Reduced power demand due to COVID restrictions cutting load by 2.7 GW nationwide.
Finally, US gas production has improved (chart of the day) – but they remain below pre-COVID levels of activity will be supportive for HH from re-visiting Q1 lows (at least until WTI remains below US$45/bbl).
Prospects for US gas balances improving from here hinges on temperatures normalising for the rest of the winter and COVID lockdowns easing in Q1 21.
Macro Crude: Understanding Finance and The Global Economy (Oil, Stocks, Commodities, Currencies)
The intention of macro crude is to give you a very simple view on key movers of the macro economy, the world of oil, politics. The intersection of what moves currency markets, key themes for stocks, bonds. And really understanding the world of finance - one day at a time - and in punchy audio sessions which are less than five minutes. We will publish charts on our twitter account that cover interesting themes across major markets - whether its a chart on oil inventories in China - or a chart on the unemployment rate in the US, vote counts and we will distill it into a fact based view - while connecting the dots for you in the world of finance.
With the hope that this will be both a learning opportunity, invite a discussion and more importantly be a platform that sparks ideas and debate around key macro crude topics that impact our lives.
