Traders Community : News > Futures Trading http://www.traderscommunity.com/ Traders Community where you will find one of the biggest and best collections of trading information. en-gb The information contained in this website is for general information purposes only. The information is provided by Traders Community and whilst we endeavor to keep the information up-to-date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.Read full disclaimer: Website disclaimer info@nospam.com (Admin) info@nospam.com (Admin) Thu, 09 Sep 2010 23:47:43 -0700 Thu, 09 Sep 2010 23:47:43 -0700 http://backend.userland.com/rss e107 (http://e107.org) 60 Traders Community : News > Futures Trading http://www.traderscommunity.com/images/web_logo88a.gif http://www.traderscommunity.com/ 88 31 Traders Community where you will find one of the biggest and best collections of trading information. Fragile U.S. and China Economies Pressure Global Oil Demand http://www.traderscommunity.com/news.php?item.34776.7
Recent economic reports from America any economic recovery is stalling. Yesterday’s FOMC decision to monetize mortgage back security debt to treasuries underscores how close the U.S. is to QE2. A double-dip recession would see global oil demand pressured.

David Fyfe, head of the IEA's oil industry and markets division warned that
'we are flagging that the signals that are coming out are pretty mixed.' He added 'We could lose all that (demand) growth in 2011 if GDP growth comes in about 30 percent lower than the consensus forecasts.'
The IEA advises 28 industrialized countries.

IEA Global Demand Forecast]]> billyaustindillon@nospam.com (billyaustindill) Wed, 11 Aug 2010 03:37:10 -0700 http://www.traderscommunity.com/news.php?item.34776.7 Exxon Mobil Beats Earnings Forecast on Refining Strength http://www.traderscommunity.com/news.php?item.34752.7
Key Points from Exxon’s Profit

  • Oil and gas output in Q2 rose 8 percent

  • Business and consumer demand has picked up for both diesel and gasoline.

  • Crude oil prices have risen over 30 percent from a year ago.

  • Gas production showed robust growth, boosted by Exxon's liquefied natural gas (LNG) projects in Qatar, Exxon said.


Profit beats expectations

Exxon Mobil’s second quarter profit excluding items came in at $7.56 billion or $1.60 per share. This compares to $4.09 billion or 85 cents a year ago.]]> melanie@nospam.com (traders) Thu, 29 Jul 2010 06:38:17 -0700 http://www.traderscommunity.com/news.php?item.34752.7 Gulf of Mexico Oil Spill Costs BP $32.2 Billion http://www.traderscommunity.com/news.php?item.34747.7
BP also confirmed that the face of the BP oil spill CEO Tony Hayward would be replaced by Bob Dudley, Dudley is an American and this will be a seen by many as putting an American face on BP. BP’s image has taken a beating since the oil spill which is now the largest in US history. BP also warned that they expected seasonal declines in refining margins for the third quarter. The Gulf of Mexico oil spill costs BP $32.2 billion clearly have threatened BP’s future and the company’s market cap has taken a beating.

BP Refining Operations]]> melanie@nospam.com (traders) Tue, 27 Jul 2010 04:45:19 -0700 http://www.traderscommunity.com/news.php?item.34747.7 Belarus calls Russia's oil export duties illegal http://www.traderscommunity.com/news.php?item.34740.7
'Russia has effectively come out of the agreement one-sidedly and is illegally applying full duties to Russian companies supplying oil to Belarus,' Alexander Shpilevsky, the head of the Belarussian customs committee, told a news briefing.

An unresolved dispute over Russia's oil exports to its neighbour has led to Moscow imposing full export duties from Jan. 1 on most of its crude supplies to Belarus.

Shpilevsky said that in his opinion, the agreement which expired at the end of 2009 implied that after its expiration oil exports to Belarus should not be subject to customs fees.

Russia allowed Belarus to import oil in 2009 with only 35.6 percent of the current crude export tariff. This year, it has said that Belarus can buy 6 million tonnes of Russian oil for domestic needs only, duty-free, while the remaining 14.5 million tonnes a year -- that Belarus refines and re-exports to the West -- should not be exempted from duties.]]> melanie@nospam.com (traders) Sat, 23 Jan 2010 16:42:05 -0800 http://www.traderscommunity.com/news.php?item.34740.7 Oil Markets Worry About China growth http://www.traderscommunity.com/news.php?item.34722.7
U.S. crude oil for March delivery, the new front-month contract, fell 10 cents to $77.64 a barrel by 1012 GMT on fears that tightening in China would slow consumption growth in the world's second largest oil consumer.

London Brent crude fell 24 cents to $76.08.

China's annual gross domestic product growth accelerated in the fourth quarter to 10.7 percent -- the fastest in two years -- from a revised 9.1 percent in the third, the National Bureau of Statistics (NBS) said on Thursday.

For all of 2009, China grew 8.7 percent.

'Investors will soon have to assess whether this report -- and others like it -- will be strong enough to allow the commodity rally to continue without alarming the authorities even further,' MF Global analyst Edward Meir said.
]]> melanie@nospam.com (traders) Thu, 21 Jan 2010 02:49:40 -0800 http://www.traderscommunity.com/news.php?item.34722.7 Oil under $78 on strong dollar, China loans http://www.traderscommunity.com/news.php?item.34712.7
U.S. crude for February delivery fell around 2 percent to $77.45 a barrel by 1514 GMT on its last day as the front-month NYMEX contract. March crude fell $1.53 to $77.79. London Brent for March fell $1.49 to $76.14.

A stronger dollar also weighed on crude. The euro fell to its lowest level in five months against the dollar and sterling on Wednesday on concern about Greece's fiscal problems.

New U.S. housing starts unexpectedly fell 4.0 percent in December, and U.S. producer prices rose 0.2 percent last month, but investors did not interpret the data as being dollar-negative.

'We're starting to see the commodity trade come off, mostly on the stronger dollar,' said market analyst Michael Hewson at CMC Markets in London.]]> melanie@nospam.com (traders) Wed, 20 Jan 2010 07:54:47 -0800 http://www.traderscommunity.com/news.php?item.34712.7 Fog halts oil tankers on Houston's Ship Channel http://www.traderscommunity.com/news.php?item.34709.7
It was the second day of fog, which happens frequently in winter along the Texas coast. Waiting ships numbered 16 inbound, 25 outbound at Houston, the majority of them oil tankers.

Two vessels inbound and four outbound were waiting at Texas City, and three outbound were delayed at Galveston, the Coast Guard said.

The 53-mile (88-km) Houston Ship Channel serves one of the world's largest concentrations of refineries and petrochemical plants. Grain and general cargo also travel the corridor connecting Houston to the Gulf of Mexico.]]> melanie@nospam.com (traders) Wed, 20 Jan 2010 07:49:20 -0800 http://www.traderscommunity.com/news.php?item.34709.7 China 2010 power demand to grow by 7 pct http://www.traderscommunity.com/news.php?item.34673.7
'The national power supply and demand will remain comparatively loose throughout this year despite some regional and sectional strains,' Wang Xudong, chairman of the State Electricity Regulatory Commission, told a working meeting, Xinhua said.

Wang also revealed that total power demand in 2009 grew 6.44 percent to 3.66 trillion kilowatt hours and power output in December expanded by 26.03 percent from a year earlier.

China's electricity output by power generators, with capacity of 6,000 kilowatts or above, increased 6.66 percent from a year earlier to 3,596.4 billion kilowatt hours in 2009, the China Electricity Council said early this month.]]> melanie@nospam.com (traders) Mon, 18 Jan 2010 02:17:20 -0800 http://www.traderscommunity.com/news.php?item.34673.7 US cash Crude grades flat as futures continue fall http://www.traderscommunity.com/news.php?item.34631.7
Light Louisiana Sweet for delivery in February fell 10 cents to trade for $2.20 above West Texas Intermediate . Mars for delivery in March traded for -$1.90, up from -$2.10 on Thursday.

West Texas Sour traded for $1.75 below WTI, up from $1.80 below on Thursday. Thunder Horse traded up 30 cents at even with WTI. WTI at Midland fell 10 cents to 5 cents above WTI.

On futures markets, February WTI shed $1.39 to $77.95 a barrel after settlement, in a fifth day of drops.

March Brent fell $1.37 to $77.20. The February-March WTI spread narrowed to -37 cents from -49 cents on Thursday.]]> melanie@nospam.com (traders) Fri, 15 Jan 2010 15:06:26 -0800 http://www.traderscommunity.com/news.php?item.34631.7