The 360 Digital Closing Bell Podcast brings you the days most important energy market news, hosted by Michael Tanner. Join him each day to cut through the noise and glimpse into the energy markets.
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The 360 Digital Closing Bell Podcast brings you the days most important energy market news, hosted by Michael Tanner. Join him each day to cut through the noise and glimpse into the energy markets.
Major indices flat with Dow Jones rising 0.5% off indication from the Federal Reserve that interest rates will stay at near zero levels for the foreseeable future. “With inflation running persistently below this longer run goal, the Committee will aim to achieve inflation moderately above 2 percent for some time so that inflation averages 2 percent over time,” the Federal Open Market Committee said in a statement.
Crude oil prices spike off the back of Hurricane Sally making landfall and DOE reporting that crude oil inventories drew just over 4 million BBL (https://www.oilandgas360.com/dashboards/oil-and-gas-inventories/)’s , with production jumping 900K with GOM restoring some leftover shut in production from Laura. Natural gas prices stumbled 4.5% pts off news of cooler weather and expected draws in natural gas inventories, due out tomorrow around 8:30 AM MST.
US Shale News
* DOE Crude Oil inventories (https://www.oilandgas360.com/oil-prices-up-3-as-u-s-crude-inventories-fall-hurricane-hits-output/): stock draw and production gains
* BP selling around 600K in production over (https://www.oilandgas360.com/bp-targets-sale-of-600000-boe-d-capacity-by-2025-to-shrink-upstream-unit/) the next 5 years
International
* OPEC meets this week (https://www.oilandgas360.com/as-opec-meets-this-week-uae-emerges-as-main-laggard/)
* EU and Turkey update (https://www.oilandgas360.com/eu-warns-that-ties-with-turkey-are-at-a-watershed-moment-or-a-fork-in-the-road-about-to-happen/)
Email the show mtanner@enercominc.com (mailto:mtanner@enercominc.com)
Follow the 360 News Desk: https://www.oilandgas360.com/eenfp/newsdesk/ (https://www.oilandgas360.com/eenfp/newsdesk/)
Dashboards: https://www.oilandgas360.com/dashboards/oil-and-gas-inventories/
The 360 Digital Closing Bell
The 360 Digital Closing Bell Podcast brings you the days most important energy market news, hosted by Michael Tanner. Join him each day to cut through the noise and glimpse into the energy markets.