Page 26 - Tom Kool News Today

New vaccines from both Johnson & Johnson and Novavax have added to bullish sentiment in oil markets as hopes of a return to normal grow. With 2021 shaping up to be one of the most important years for the energy sector in modern history, there is no better time to become an Oilprice.com premium member. Friday, January 29th, 2021 Oil prices appear set to close out the week mostly flat, but on Friday prices are up from a day earlier. Hopeful news surrounding the two new vaccines – one from John...

Premium Content Oil Price Rally Stalls On Chinese Covid Concerns By Tom Kool - Jan 26, 2021, 1:00 PM CST Investor Alert: Oilfield service giants are looking like an increasingly good investment as oil prices rebound. Read our latest Global Energy Alert investment column to get the full breakdown of what to watch... Chart of the Week -    The EIA expects global oil demand to be larger than supply in 2021, particularly in the first quarter, leading to sharp inventory drawdowns. - ...

Energy Shares Plunge As Oil Rally Stalls By Tom Kool - Jan 22, 2021, 2:00 PM CST Energy shares were hit hard as the oil rally came to a halt, with new lockdowns reigniting oil demand fears With 2021 shaping up to be one of the most important years for the energy sector in modern history, there is no better time to become an Oilprice.com premium member. Friday, January 22nd, 2021 Oil posted some losses at the close of the week, with Brent dipping back below $55 per barrel and WTI dow...

OPEC Predicts A Rebound In U.S. Shale By Tom Kool - Jan 15, 2021, 2:00 PM CST Oil prices fell back on Friday morning as demand fears grow, but OPEC has predicted an increase in U.S. shale production at current price levels. With 2021 shaping up to be one of the most important years for the energy sector in modern history, there is no better time to become an Oilprice.com premium member. Friday, January 15th, 2021 Oil prices fell back on Friday over demand concerns. News that China h...

-     Royal Dutch Shell (NYSE: RDS.A) resumed LNG exports from its Prelude facility in Australia after a lengthy period of maintenance. Tuesday, January 12, 2021  Oil prices shot up to a 10-month high, posting further gains in the wake of the OPEC+ cuts, and edged a bit higher by a weaker dollar. Some analysts are starting to argue that the rally is getting a little overdone. WTI is above the 200-week moving average, and “it may soon top out,” according to Commerzbank.  LNG prices skyr...

12 hours Smaller Oil Tanker Rates Recover After OPEC+ Agrees To Ease Cuts 13 hours U.S. LNG Exports Fall From Record Highs 17 hours Omans State-owned Oil Company QQ Mulls IPO 18 hours Biden’s Plan Looks To Eliminate $35 Billion Fossil Fuel Subsidies   19 hours M&A In U.S. Oil And Gas To Hit $3.4 Billion In Q1 2021 20 hours U.S. Shale Giant Thanks OPEC+ For ‘Brilliant’ Market Rebalancing Effort...

Friday, January 8th, 2021 Brent topped $55 per barrel at the end of the week, as the pledge from Saudi Arabia to cut deeper has built a solid rally. Other forces are at play as well, including monetary stimulus, the prospects of deeper fiscal stimulus in the U.S., and vaccine optimism. “The past 10 weeks of trading have seen only one weekly decline, which was comparatively small,” said Carsten Fritsch, an analyst at Commerzbank AG. “This is testimony to the strength of the oil market in t...

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Oil Rally Unravels On New COVID-19 Lockdowns Oil prices lost gains early this week after a new strain of Covid-19 is threatening the global demand recovery. Demand for transportation fuels (gasoline, distillates, and jet fuel) was down 11% during the Thanksgiving holiday compared to the holiday week a year earlier. Jet fuel, however, was down by nearly half, or a decline of about 0.9 mb/d. There were about 107,000 flights during the week of Thanksgiving, down about 45% from 2019 lev...

The Trillion Dollar Tech Boom Being Fueled By Electric Vehicle Hype By now, you probably already know that electric vehicles were one of the hottest markets, if not the single hottest market in 2020. You might also already know that Tesla soared 592%, and that its Chinese counterparts NIO, Xpeng, and Li Automobile soared 1411%, 105%, and 106% respectively. But what you may not yet know is that there’s another opportunity emerging in EV markets. Some of the biggest opportunities ...