News Oil Reviews 

Oil Daily Review February 19, 2019

Oil Daily Review for February 19, 2019 Oil Technical Analysis: Wedge pattern halts bullish advance near $56.80 a barrel Oil daily chart Crude oil WTI is trading between the 50 and 100 SMA suggesting a sideways market. Oil 4-hour chart Crude oil is trading abov   EUR/GBP: A mixed pabg of political turmoil and horrible eurozone data, bull’s commitments tested The Brexit fatigue remains a risk for the pound which has taken some short term relief in the dollar’s fallout within its late Jan recovery from 95.20   WTI Crude…

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News Oil 

U.S. oil climbs on tightening supplies; Brent oil edges lower

“Crude-oil futures on Tuesday saw mixed trade, with international benchmark Brent crude edging lower, while the U.S. benchmark rose amid reports of falling Saudi Arabian exports” writes Sarah Mcfarlane for marketwatch.com. The data confirmed comments from the Kingdom’s oil minister who said earlier this month that the country would further cut output.Trade talks between the U.S. and China were also being watched for further signs that could boost crude prices.West Texas Intermediate crude oil CLH9, +0.94%  gained 49 cents, or 0.9%, at $56.49 a barrel, while April Brent LCOJ9, -0.24%…

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News Oil 

Oil Search profit lifted by higher prices

“The average price Oil Search received for its LNG and has was 31% higher than in 2017, while the average oil and condensate price was 27% higher” writes Robb M for marketwatch.com. Additionally, Oil Search has sought to reduce its reliance on Papua New Guinea and gas exports, buying into oil fields it is developing in Alaska’s North Slope.Offsetting the hit to production, stronger liquefied natural gas and oil prices helped lift revenue for the year 6.2% to US$1.54 billion.The company operates all of Papua New Guinea’s oil fields and…

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News Oil 

New problem for legal weed: Exploding factories…

“In Arizona last year, a fire at a legal medical marijuana facility erupted after a worker improperly stored a can of butane, causing an explosion” writes Rebecca Rainey for politico.com. In 2018 there were an estimated $10.4 billion in U.S. sales of legal medical and recreational marijuana.In 2016, two workers were sent to a burn unit after an explosion at a medical marijuana processor in Oregon.Safety at legal marijuana facilities remains mostly a state matter because the federal government hasn’t legalized consumption.Worker safety is a matter of growing urgency because…

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Markets News Oil 

Oil Prices Near Three-Month High

“So far into 2019, oil prices have gained around 25 percent” reports etfdailynews.com. On Friday afternoon, oil prices reached their highest in three months and the highest so far this year, with Brent Crude exceeding $65 a barrel for the first time since November 2018.This bullish signal combined with renewed optimism coming from both the United States and China that they had made some progress in last week’s trade talks. Source: etfdailynews.com

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News Oil Reviews 

Oil Daily Review February 18, 2019

Oil Daily Review for February 18, 2019 Oil Prices Are Poised To Move Higher Into April Crude oil is poised to rally into April. Here is why…   Crude Oil Price Tied to Non-OPEC Supply Concerns, Lower Demand Crude oil will take its price cues from the ongoing concerns on increased supply from non-OPEC sources.   Oil Technical Analysis: WTI breaks to a new 2019 high reaching $56.22 a barrel Oil daily chart Crude oil WTI is trading in a bear trend below its 200-day simple moving average. WTI broke…

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News Oil 

Russia’s Gazprombank freezes accounts of Venezuela’s PDVSA: source

“The bank has held PDVSA accounts for several years” reports businessinsider.com. Gazprombank is Russia’s third biggest lender by assets and includes among its shareholders Russian state gas company Gazprom.In 2013, PDVSA said it signed a deal with Gazprombank for $1 billion in financing for the Petrozamora company.FILE PHOTO: Cutouts depicting images of oil operations are seen outside a building of Venezuela’s state oil company PDVSA in Caracas Thomson Reuters By Tatiana Voronova MOSCOW (Reuters) – Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA…

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News Oil 

India imports 270,500 bpd of Iranian oil in January

“TEHRAN- India imported 270,500 barrels per day (bpd) of oil from Iran in January, ship tracking data reviewed by Reuters showed” reports tehrantimes.com. India is restricted to buying 300,000 bpd of oil from Iran, but January’s import was below this figure as some cargoes were delayed.The U.S. imposed new sanctions on Iran’s oil sector in November but gave a six-month waiver to eight countries, including India, which allowed them to import some Iranian oil.India’s January imports from Iran were 10.4 percent lower than December, the tanker arrival data showed. Source: tehrantimes.com

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News Oil 

Why You Need Rose Oil in Your Beauty Regimen

“Make a body scrub with sugar, coconut oil and a few drops of rose oil” writes Chloe Hall for elle.com. Rose oil has been said to be an aphrodisiac and can evoke romantic feelings. There are so many ways to use rose oil and it’s gentle enough that you can experiment with it.Instead, we mean rose oil.It’s time to stop and smell the rose oil. Source: elle.com

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Futures News Oil 

Oil futures settle at highest since November, with U.S. prices up over 5% for the week

“Oil futures climbed Friday to settle at their highest since November, with U.S. benchmark prices up 5.4% for the week” writes Markets Commodities Reporter for marketwatch.com. March West Texas Intermediate oil CLH9, +2.21% rose $1.18, or 2.2%, to settle at $55.59 a barrel on the New York Mercantile Exchange.U.S.-China trade talk progress also helped to ease worries about energy demand. Source: marketwatch.com

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