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ALL ENERGY: Oil, Gas, Coal & Uranium


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TIME for a shift may be at hand

the SLIDE IN OIL may be ending

Oil-in-Gold may be ending an A-B-C correction

USO-to-Gold - near 7.5% support

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Ratio: WTI-to-GOLD

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In "Obscene" Move, Oil Tanker Rates Explode To Record Levels Amid Flurry Of Geopolitical Risks

In a world where multiple-sigma events now happen with daily regularity, few people seemed to notice an unprecedented event taking place in the oil tanker industry, where spot charter contacts for very large crude carriers (VLCCs) exploded above $300,000 as the industry digested the fallout from the US focusing its spotlight on sanctions on oil, especially China's Cosco Shipping company, and from the latest security incident in the Middle East.

As Lloyd's List notes, the Baltic Exchange Dirty Tanker Index, which aggregates global shipbroking charter rates, reported that by Friday afternoon, rates for West Africa to China VLCC routes had almost doubled within a day to reach $278,057. Middle East Gulf to Singapore and China routes had reached $305,998 and $300,391 respectively, marking an almost 100% day-on-day increase.

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  • 2 weeks later...

BTU & Coal broke down (on BTU's earnings)... while XLE looks better on rising USO

XLE, XOP-etc ... wk-fr.-1/2016 1/2018 : w/OIH /Last

tXaEpY4.gif

USO-etc ... 12 mo /

M7wfqU2.gif

==

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USO : $11.69 +0.39, +3.45% / x4.807 = WTI: $56.20

WTI Crude.  : $56.20 +2.02, +3.73%
Brent Crude: $61.69 +2.07,  +3.47%

==> Prices: https://oilprice.com/oil-price-charts

GLOBAL MARKETS-Shares, crude prices rise on US, China ...

Reuters-9 hours ago
Crude prices rise on hopes for U.S.-China trade deal ...
NEW YORK, Nov 1 (Reuters) - World equity markets surged and crude oil prices jumped on ... Brent crude rose $2.07 to settle at $61.69 a barrel, while WTI crude settled ...

Both Brent, the global benchmark, and U.S. benchmark West Texas Intermediate rose more than 3%.

Brent crude rose $2.07 to settle at $61.69 a barrel, while WTI crude settled up $2.02 to $56.20 a barrel.

The dollar slid as optimism that the United States and China will reach a deal to end their trade war reduced safe-haven demand for the greenback.

. . .

A Reuters survey showed that oil prices are likely to remain pressured this year and next. The poll of 51 economists and analysts forecast Brent crude would average $64.16 a barrel in 2019 and $62.38 next year.

Meanwhile, US crude production soared nearly 600,000 barrels per day in August to a record of 12.4 million, buoyed by a 30 per cent increase in Gulf of Mexico output, according to government data released on Thursday.

Those numbers came as a Reuters survey found output f ..

Read more at: //economictimes.indiatimes.com/articleshow/71845649.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

A Reuters survey showed that oil prices are likely to remain pressured this year and next. The poll of 51 economists and analysts forecast Brent crude would average $64.16 a barrel in 2019 and $62.38 next year.

Meanwhile, US crude production soared nearly 600,000 barrels per day in August to a record of 12.4 million, buoyed by a 30 per cent increase in Gulf of Mexico output, according to government data released on Thursday.

Those numbers came as a Reuters survey found output f ..
 
A Reuters survey showed that oil prices are likely to remain pressured this year and next. The poll of 51 economists and analysts forecast Brent crude would average $64.16 a barrel in 2019 and $62.38 next year.

Meanwhile, US crude production soared nearly 600,000 barrels per day in August to a record of 12.4 million, buoyed by a 30 per cent increase in Gulf of Mexico output, according to government data released on Thursday.
 

Big Oil Under Pressure To Cut Production By 35%

Nov 01, 2019 at 10:33 | Irina Slav

Big Oil companies need to reduce their oil production by 35 percent by 2040 in order to preserve shareholder value in a changing world, think-tank Carbon Tracker has warned.…

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ENERGY (Crude & Gas) - compared to GOLD

USO - vs GLD, Ngas, Oilb .... fr. Feb.2009 : 2.17.16 : 9/2017 : end2018 : 10d :

PR1YqcL.gif

fr. 2.17.16 : 9/2017 : Note how falling Oil (USO) bounced off the Gold price (GLD) several times = that's 7.5% of GLD

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: fr. 9/2017 : w/BTU :

eBf2Wj4.gif

Ratio: USO-to-GLD ... 3 years / Low is 7.5% of GLD / WTI-to-Gold Low is: 3.4%

I8SUp7b.png

RATIO
Timing : - GLD-: -USO-: %GLD : WT/u: -WTI-: Gold; wt/Au:
200 5ye: $51.58: 00.00e 00.0%:
2006ye: $63.21: $51.60: 81.6%:
2007ye: $82.46: $75.76: 91.9%:
2008ye: $86.52: $33.10: 38.3%:
2009ye:  107.31: $39.28: 36.6%:
2010ye:  138.72: $39.00: 28.1%: 0.000: $00.00/ 1405.5=
2011ye:  151.99: $38.11: 25.1%: 2.391: $91.12/ 1531.0= 5.95%
2012ye:  162.62: $33.37: 20.5%: 2.721: $90.80/ 1657.5= 5.48%
2013ye:  116.12:  $35.32: 30.4%: 2.811: $99.29/ 1204.5= 8.24%
2014ye:  113.58: $20.36: 17.9%: 2.658: $54.12/ 1206.0= 4.49%
2015ye:  101.48: $11.00: 10.8%: 3.370: $37.07/ 1060.5= 3.50%
2016ye:  109.61: $11.72: 10.7%: 4.584: $53.72/ 1151.7= 4.66%
2017ye:  123.65: $12.01: 9.71%: 5.031: $60.42/ 1309.3= 4.61%
2018ye:  121.25: $  9.66: 7.96%: 4.701: $45.41/ 1281.3= 3.54%
11.4.19: 142.15: $11.81: 8.31%: 4.787: $56.54/ 1511.1= 3.74%

 

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XLE versus Oil Prices (USO etc)

XLE may struggle to punch thru 252d.MA resistance near $61.30

XLE-etc: USO, oih, xop ... fr. 1/201611/2017 : 2yr: 1yr: 6mo: 10d / XLE: $61.29 / USO: $11.93 = R-5.14

mGGypN4.gif

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Oil prices are near their L.T. Low versus Gold : USO-$11.88 / GLD-$138.27: r-8.59% vs. 7.5% LT Low

USO - vs GLD, Ngas, Oilb .... fr. Feb.2009 : 2.17.16 : 9/2017 : end2018 : 10d :

B2QdEwg.gif

/ 2 /

ALL E : 12mo : fm. Apr.2018 : 10d /

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The Energy Rally gives way to weakness (once again)

USO vs.GLD, etc... fr. xx

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ALL E : 12mo : fm. Apr.2018 : 10d / 

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BTU vs.NGAS (Natgas) .... update :

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Ratio: BTU-to USO (Crude Oil etf)

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Energy stocks in broad rally as oil prices jump; Chesapeake ...

MarketWatch-3 hours ago
The energy sector was the only one of the S&P 500's SPX, -0.38% 11 key sectors that gained ground Wednesday, as a jump in crude oil prices ...
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  • 2 weeks later...

Update: Will Coal & Gas drive Oil & Uranium lower - Late Nov. 2019

ALL Energy: 12mo : fm. Apr.2018 : 10d / uso: $12.14, u.t: C$4.22, ngas: 2.34cents, btu: $9.70 - at 11/27/2019

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USO /US Oil etf ... 10-yr : 5-yr : 1-yr : Last: $12.14

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XLE major Energy shares vs Other Energy etf ... update / Last: $59.49 / USO- $12.14 = R-4.90x

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Ratio: R.4.90 : $59.49 / USO- $12.14 = R-4.90x. ... XLE/ XOP ($20.85) = R-2.85x

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Ratio: XOP-toXLE : xx / $59.49 =

lXWItvA.png

XOP Key Support may be about $20 / Last: $20.85,  Yr.Low: $20.28

rxVommw.png

==

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  • 2 weeks later...

BULLISH ON OIL...

(could be great timing, since we are now in Tax Selling season)

Mark Gordon / with Keith McCullough of HedgeEye

Mark Gordon: Unprecedented Opportunity in Oil Markets

/ 2 /

Mark Gordon: Why the age of oil abundance is about to end.

Erik Townsend and Patrick Ceresna welcome Mark Gordon to MacroVoices. They discuss why inventory is not what drives the price, the regime change from the age of peak oil to the age of oil abundance and possible impacts the recession will have on oil prices and more.

==

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Oil may peak soon, as CCJ Bottoms ?

A temporary pause in Oil's rise... Or more than that

OIL RALLY has run up to a possible Resistance level

USO / US Oil etf ... : All-data : 3-yr : x / Last: $12.72 + 0.13
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/ 2 /

Ratio: CCJ to USO : 68.6%: $8.73/ $12.72

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CCJ / Cameco (in US$) ... update: $8.73 // CCO.t : C$ 11.49

S4c1MzU.gif

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OIL-etc UP, but Natgas lags... (even) in the Winter Season

USO "bounced off" GLD/Gold back in Aug-Nov., moving higher faster since then. Ngas lags far behind

USO - vs GLD, Ngas, Oilb .... fr. Feb.2009 : 2.17.16 : 9/2017 : end2018 : 10d :

fIsVN0O.gif

Ratio: USO to-GLD : USO: $12.89/ GLD: 142.38 = 9.05%

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Ratio: Natgas to Gold : Natgas: $2.290/ GLD: 142.38 = 1.60%

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Oil & Oil shares may stall here. If prices do not stall, look for Good action in 2020

XLE, XOP-etc ... wk-fr.-1/2016 1/2018 : w/OIH /Last: $61.94

cY1JJlJ.gif

==

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  • 3 months later...

URANIUM is doing well : surprise to some,. because Oil; prices are so weak.  

But what happened?  Some mines were shut down on Covid fears. 

Supply is coming down, driving U prices higher

URANIUM stocks Update : 12mo: 6mo: 10d / xx

S20ppvg.gif

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