NEWS 2017

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Nov 30, 2017

U.S. Oil Owes Mexico Crude for Success as Tankers Ferry Both

By Serene Cheong

November 29, 2017, 10:06 PM CST Updated on November 30, 2017, 4:27 AM CST

 

U.S. crude may owe supply from Mexico for helping it capture a share of the world’s biggest oil market this year.

 

The total volume of U.S. and Mexican crude that were loaded into a single ship for export has surged more than fivefold to 11.8 million barrels so far this year, from 2.1 million barrels in 2016, data from vessel-tracking and intelligence company Kpler show. All the cargoes sailed to Asia, according to shipping information on Bloomberg.

Oct 30, 2017

Here's why US crude could greatly disrupt oil markets

Crude exports from the U.S. are low compared to Russian and Middle East, but they could still greatly disrupt the oil market and push prices down, says John Driscoll, chief strategist at JTD Energy Services.

Oct 22, 2017

No Future(s): Asian Financial Coal Trading Dries Up as Noble Declines, Glencore Rules

Reuters

SINGAPORE/FRANKFURT — Financial trading of thermal coal has virtually ceased in Asia as a result of the woes at one major trading house and the growing dominance of another, despite the region being by far the world's biggest consumer of the fuel.


Asia gobbles up some 70 percent of all coal used for power generation, and the unprecedented demise of its futures market poses significant risks for utilities in particular.

 

With coal prices rising sharply this year, power generators would usually hedge or protect themselves by taking positions in related derivatives markets.

Sep 11, 2017

Here's how Hurricane Irma could affect energy markets

12:06 AM ET Thu, 7 Sept 2017

The storm is likely to influence panic buying, but there are no critical assets, such as refineries, that are at risk, says John Driscoll of JTD Energy Services.

Aug 17, 2017

Nothing OPEC can do to stop US shale

Rising crude oil output from U.S. shale fields will continue to disrupt OPEC efforts to rebalance supply and demand, says John Driscoll, chief strategist, JTD Energy Services.

Aug 03, 2017

Crude under the hammer: How sellers are hoping to boost value of their oil

Bloomberg|

Updated: Aug 03, 2017, 05.30 PM IST

 

By Serene Cheong 
Oil producers who for years tracked top Opec member Saudi Arabia to help set the price of their crude could now be looking to go solo. 

With $100 oil a distant memory and US crude eating into their share of prized markets, they are seeking new ways to assess if their supply may be worth more -- a prospect that’ll help prop up their battered economies. Iraq’s state oil marketing company and Malaysia’s government-run producer are auctioning off cargoes on the Dubai Mercantile Exchange this year for the first time as sellers look to gauge demand by analyzing bids and buyer interest. 

Jul 20, 2017

Oil Back Up to $50 a Barrell?

12 Hours Ago

John Driscoll of JTD Energy Services weighs in on the state of the oil markets and compliance with OPEC-led production cuts.

May 21, 2017

Commodity Traders Have a Really Big Problem

by Serene Cheong, Dan Murtaugh, and Sharon Cho

May 21, 2017, 4:00 PM CDT May 22, 2017, 1:28 AM CDT

 

  • More transparency seen eroding profits from arbitrage trades

  • Traders need to get involved in supply chain to gain advantage

 

For commodity traders operating in the Information Age, just good old trading doesn’t cut it anymore.

 

Unlike the stock market in which transactions are typically based on information that’s public, firms that buy and sell raw materials thrived for decades in an opaque world where their metier relied on knowledge privy only to a few. Now, technological development, expanding sources of data, more sophisticated producers and consumers as well as transparency surrounding deals are eroding their advantage.

Feb 10, 2017

As coal shortfall looms, miners enjoy unexpected boom

* Coal prices have surged, topping oil, LNG, copper gains in 2016

* Coal mining shares outperform in commodity sector

* Thermal coal markets to see supply shortfall in 2017

* Solid demand from China, SEAsia underpinning market (Adds data on China coal imports, Adaro comment)

By Henning Gloystein

SINGAPORE, Feb 10 Many a swan song has been sung for thermal coal markets as renewable power generation and a push towards using more natural gas have gained traction.

Yet a coal price spike last year, driven by a Chinese change in regulation that capped local mining operations, has shown how easily markets can swing from oversupply to shortfall.

Feb 01, 2017

China Oil Trader’s Mideast Spree Contributes to Shake-Up in Global Supply Flows

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Jan 20, 2017

Exclusive: China quietly shelves plans to launch Shanghai crude oil futures

By Henning Gloystein and Chen Aizhu | SINGAPORE/BEIJING

China's plans to create a new crude futures contract to compete with global pricing benchmarks have been shelved due to market resistance, five sources with knowledge of the matter said, dealing a blow to Shanghai's ambitions to be a leading energy trading hub. Potential international participants were worried they would not be able to freely exchange the yuan currency given a Chinese clampdown on capital outflows, and concerned at Beijing's heavy handed intervention in its volatile commodity markets last year, the sources said.

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FILE PHOTO: Workers unload coal at a storage site along a railway station in Hefei, Anhui province October 27, 2009. REUTERS/Jianan Yu/File Photo

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