Bank the cash
Opec can make or break whole economies. But its news is also a big deal for part-time day traders
Trading, as I see it, is about spotting an opportunity. But for me with oil, there's a fixed schedule of weekly events to choose from. My key plays are the Wednesday Energy Information Administration (EIA) reports offering data on US supply, the monthly market reports from Opec and the International Energy Agency and, of course, big supplier meetings—an Opec powwow or a Saudi-Russia bilateral. That was one of my favorite trades yet, playing both long and short positions within the span of an hour or so, entirely driven by real-time news—much of it coming via the #OOTT hashtag Lisa Ward and I started on Twitter last April. Trading Friday rig counts isn't what it used to be. The number release
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Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
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US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
