Stephen Sedgwick

The #EIA reported a build of +3,591 MBbls in #US #crudeoil inventories. In contrast, the market expected a draw of -2,820 MBbls as reported by #Bloomberg #OilPrices were down in the five minutes following the announcement, to $80.68 from $80.79 just before 09:30 AM. #Oil inventories for the US are now at a surplus of 5.60 MMBbls (1.2%) to last year, and a deficit of 6.20 MMBbls (-1.3%) to the five-year average. https://lnkd.in/gwfZckhD #commodity #commodityprices #commoditytrader #oilgas #oilandgas #oilprices #energy #commoditytrading #commoditymarkets #crudeoil #commoditymarket #gas #lng #oilindustry #oilfield #oilandgasindustry #oilpatch #oilfieldstrong #oilandgaslife #drilling #mining #oilproduction #oilandgassector #oilandgasexploration #crudeoilprice #crudeoiltrading #petroleumengineering #oilandgasfield #oilfieldlife #oilandgascompanies #oilprice #oilandgasnews #oilmarket #oilandenergy #oilfields #oildemand #oilexploration #oilgasindustry #oilrig #oilfieldfamily #oilanalysis #oil #WTIcrude #BrentCrude #petroleumindustry #petroleumproducts #petroleumengineer #petroleum #naturalgasindustry

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The London Metal Exchange is planning measures to boost electronic trading in its monthly contracts, a move that may reduce activity in its unique three-month rolling contracts that serve as a benchmark for the global metals industry. The measures — including a requirement for dealers to place small trades in monthly contracts electronically — may lead to those contracts becoming the “key liquidity point” for users, just like they are on rival exchanges, the LME said in a notice to members Wednesday. Since its was founded in the 19th century, the LME’s benchmark contracts have been for delivery in three months’ time — which at the time was the approximate shipping time for Malaysian tin and Chilean copper to the UK. That historical quirk has set it apart from rival exchanges like CME Group and the Shanghai Futures Exchange, which concentrate liquidity in monthly contracts, and has irritated some users. “We have not done a good job of giving people a choice: they have been forced to use that three-month contract to go into and out of positions because we haven’t offered an alternative,” LME Chief Executive Matthew Chamberlain said in an interview. While the exchange would not “switch off” the three-month contract, he said the new measures would “let the market the decide where they want to trade.” Mark Burton #LME #metals #commoditytrading https://lnkd.in/eKHDm_rq

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ENERGY SOUTH: BANKS CAN'T ABANDON OIL & GAS Barclays CEO Says Banks Can’t Go ‘Cold Turkey’ on Oil Clients https://hubs.la/Q02Dczhr0 The chief executive of Barclays Plc characterized as unrealistic growing calls for the finance industry to abandon fossil-fuel clients. #ceo #barclays #oilclients #oilandgasindustry #oilandgas #energyindustry #financeindustry #fossilfuels

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🔍 Is It Time to Reconsider Your Commodity Allocation? 🔍 With Brent crude prices dipping around $77 per barrel, Citi Research sees potential for a rebound despite recent easing in geopolitical tensions and China's economic slowdown. As the article notes, "Hurricane season poses a significant threat to oil supply chains, and ongoing tensions in North Africa and the Middle East could easily reignite volatility." At Coherent Commodities, we offer diversified and risk-managed exposure to commodities, including the energy sector, making us the obvious choice for investors looking to capitalise on potential market rebounds. Why Choose Coherent Commodities? ✅ Expert Management: Decades of experience managing diversified commodity portfolios. 🌐 Inflation Hedge: Commodities provide protection against market volatility. ⚡ Easy Access: Invest directly in commodities through our JSE-listed AMC https://lnkd.in/d-eTE8H6 #Diversification #InvestmentStrategy #Commodities #InflationHedge #RiskManagement #PortfolioProtection

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Kore Energy Market Report for September 30th: The NBP curve has continued Friday's upward momentum, with November-24 up 1.03p, last trading at 97.43p per therm. On the prompt, Day ahead rose by 1.63p to 92.83p. Norwegian pipeline flows dropped slightly, contributing to a short GB system, supporting prompt prices. Crude oil markets edged higher, with Brent at $72.41 a barrel, up 43 cents, as concerns over escalating tensions in the Middle East spark potential supply disruption fears. Read the full report here: https://lnkd.in/e78K7Uue

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Sanctions on Russia’s Gazprombank are unlikely to halt gas flows to Europe or Turkey with a workaround expected to be forged to appease all sides, although some risk of disruption remains, say market participants. #Gazprombank #sanctions #gas #flows

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US copper imports accelerate in wake of CME squeeze Reuters Andy Home The May squeeze on the CME copper contract has passed but the impact on global flows of the red metal is still playing out. U.S. imports of copper have surged after traders capitalised on a rare arbitrage window that opened between the CME and the London Metal Exchange (LME) contracts at the height of the squeeze on CME short position holders. The result has been a redistribution of global exchange inventory with CME stocks rebuilding from depleted levels and both LME and Shanghai Futures Exchange (ShFE) inventory falling. #copper #metals #basemetals #commodities #mining CME Group London Metal Exchange #trade #markets

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#JKM options traded volumes rise as #LNG hedging strategies evolve ▪️ JKM average price options traded 23,460 lots year-to-date 2024 ▪️ Options volumes rise on flexibility in pricing, contract optionality Read more 📰 https://okt.to/16JVbl

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Energy markets dominate today’s headlines as US natural gas prices surge 47% over 30 days, driven by sanctions on Russia's Gazprombank and early drawdown expectations. Stay informed with the latest energy and market updates with Shae Russell #gold #oil #energymarkets #miningminute

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In an article discussing OPEC+ supply cuts - 'The latest extension puts OPEC+ output below major banks' previous forecasts, which could provide some support for the market going forward, analysts at energy-focused consultancy FGE said.' - in a recent @Reuters article cited by @Marketscreener1 Read the full article here: https://fgner.gy/3DiPAYs #Energy #OPEC #Supply #OOTT

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The #EIA reported a draw of -2,508 MBbls in US #crudeoil inventories. The draw was larger than the average estimate of -600 as reported by #Bloomberg #OilPrices were up in the five minutes following the announcement, to $77.57 from $77.39 just before 09:30 AM #Oil inventories for the U.S. are now at a deficit of 9.90 MMBbls (-2.1%) to last year, and a deficit of 18.40 MMBbls (-3.9%) to the five-year average. https://lnkd.in/d5SKt3H8 #commodity #commodityprices #commoditytrader #oilgas #oilandgas #oilprices #energy #commoditytrading #commoditymarkets #crudeoil #commoditymarket #gas #lng #oilindustry #oilfield #oilandgasindustry #oilpatch #oilfieldstrong #oilandgaslife #drilling #mining #oilproduction #oilandgassector #oilandgasexploration #crudeoilprice #crudeoiltrading #petroleumengineering #oilandgasfield #oilfieldlife #oilandgascompanies #oilprice #oilandgasnews #oilmarket #oilandenergy #oilfields #oildemand #oilexploration #oilgasindustry #oilrig #oilfieldfamily #oilanalysis #oil #WTIcrude #BrentCrude #petroleumindustry #petroleumproducts #petroleumengineer #petroleum #naturalgasindustry

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Hedge funds are offering generous incentives to win top traders of #Electricity and #NaturalGas as power trade gained substantial profits between 2019 and 2023. What's more, IEA projects that AI’s energy usage will rise 10-fold over the next two years. #invest #MarketUpdates

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