Energy News Today

Energy News Beat: #167 – 11/25/2020 – Hosted by Michael Tanner

Energy News Beat #167: 11/25/2020

Slow day in the markets (50% drop in volume) leads to a slumping of major indices as traders (who are still trading…) react to not ideal unemployment data.  The 30-stock Dow slid 136 points, or 0.5%. The S&P 500, meanwhile, dipped 0.1%. The Nasdaq Composite outperformed, rising 0.4%

  • S&P 500: -0.21%
  • Nasdaq:  0.45%
  • Dow Jones: -0.69%

The Labor Department said that 778,000 people filed for unemployment benefits for the first time last week. Economists polled by Dow Jones expected initial jobless claims to come in at 733,000.

Oil and Gas News Today

BULLS ARE BACK IN TOWN!! Oil prices rise above $46 ahead of Thanksgiving.  Light volume doesn’t seem to slump prices as positive vaccine news is doing WONDERS on the oil markets. Natural gas prices again rise after falling early in the trading session with a draw of 18 bcf in NG stocks, with natural gas prices holding steady at $2.821

North American Shale News

  • Crude oil stocks
  • Natural gas stock DRAWW (happy dance)
  • TRRC discusses renewables
  • $ENB get Line 5 approval

International

  • China CO2 emissions higher in 2020 than 2019
  • EU upgrading climate plan by 2030
  • ANOTHER oil tanker of Aramco gets smacked

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DASHBOARDS 

Read More: Energy News Beat: #167 – 11/25/2020 – Hosted by Michael Tanner

2020-11-25 13:57:13

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