In the last month, crude oil prices gained over 11% on Nymex and over 13% on Brent due to estimates of production freezes by OPEC in September and rising demand from countries like India, China, and Russia. However, further upside is capped by slowing global economic growth forecasts. Natural gas production is expected to rise marginally due to low prices and declining rig activity, while demand is forecast to increase from the power sector. For both commodities, prices are expected to trade in defined ranges over the coming month.
The Short-Term Energy Outlook from the U.S. Energy Information Administration (EIA). Each month the EIA predicts what energy prices/supply/demand will do in the next 1-2 years.
The monthly Short-Term Energy Outlook (STEO) from the U.S. Energy Information Administration for April 2016. This issue makes a couple of key points re natural gas: (1) U.S. natural gas inventories just finished the winter heating season at their highest level ever, and are expected to be at a record high at the start of next winter heating season in November. (2) This summer natural gas consumption for electricity generation is expected to reach a record high. Here's the natgas section of the STEO, along with a copy of the full report.
BULLION Gold fell on Monday as pressure from speculation over a potential increase in U.S. interest rates this
month offset the metal's safe-haven appeal amid widespread weakness across other assets. Spot gold was down almost
The Short-Term Energy Outlook from the U.S. Energy Information Administration (EIA). Each month the EIA predicts what energy prices/supply/demand will do in the next 1-2 years.
The monthly Short-Term Energy Outlook (STEO) from the U.S. Energy Information Administration for April 2016. This issue makes a couple of key points re natural gas: (1) U.S. natural gas inventories just finished the winter heating season at their highest level ever, and are expected to be at a record high at the start of next winter heating season in November. (2) This summer natural gas consumption for electricity generation is expected to reach a record high. Here's the natgas section of the STEO, along with a copy of the full report.
BULLION Gold fell on Monday as pressure from speculation over a potential increase in U.S. interest rates this
month offset the metal's safe-haven appeal amid widespread weakness across other assets. Spot gold was down almost
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
The monthly Short-Term Energy Outlook (STEO) from the U.S. Energy Information Administration for December 2016. This issue makes a couple of key points re natural gas: (1) EIA predicts that natural gas production in the U.S. for 2016 will see a healthy decline over 2015 levels--1.3 billion cubic feet per day (Bcf/d) less in 2016. That's the first annual production decline since 2005! (2) The EIA predicts the average price for natural gas at the benchmark Henry Hub will climb from $2.49/Mcf (thousand cubic feet) in 2016 to a whopping $3.27/Mcf in 2017. Why the jump? Growing domestic natural gas consumption, along with higher pipeline exports to Mexico and liquefied natural gas exports.
Capitalstars, financial research private limited is a SEBI Registered, provide Stock Tips,Share Market Tips , commodity & currency tips.
http://www.capitalstars.com/tracksheet-stock-tips/
Gold prices ended lower on Friday, reversing earlier gains, as disappointing U.S. employment data was seen as unlikely to alter the Federal Reserve’s plan for raising interest rates before the end of the year.
Gold for December delivery on the Comex division of the New York Mercantile Exchange dipped $ 1.10, or 0.09%, to settle at $1,251.90 a troy ounce by close of trade.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
The monthly Short-Term Energy Outlook (STEO) from the U.S. Energy Information Administration for December 2016. This issue makes a couple of key points re natural gas: (1) EIA predicts that natural gas production in the U.S. for 2016 will see a healthy decline over 2015 levels--1.3 billion cubic feet per day (Bcf/d) less in 2016. That's the first annual production decline since 2005! (2) The EIA predicts the average price for natural gas at the benchmark Henry Hub will climb from $2.49/Mcf (thousand cubic feet) in 2016 to a whopping $3.27/Mcf in 2017. Why the jump? Growing domestic natural gas consumption, along with higher pipeline exports to Mexico and liquefied natural gas exports.
Capitalstars, financial research private limited is a SEBI Registered, provide Stock Tips,Share Market Tips , commodity & currency tips.
http://www.capitalstars.com/tracksheet-stock-tips/
Gold prices ended lower on Friday, reversing earlier gains, as disappointing U.S. employment data was seen as unlikely to alter the Federal Reserve’s plan for raising interest rates before the end of the year.
Gold for December delivery on the Comex division of the New York Mercantile Exchange dipped $ 1.10, or 0.09%, to settle at $1,251.90 a troy ounce by close of trade.
#ChoiceBroking #Financial Tips Morning Tea #SUVEN #Buy in the range of 253-255 for the #Target of 261 with the #SL of 250 #ONGC #Sell in the range of 214-216 for the #Target of 209 with the #SL of 218
The OPEC Reference Basket averaged $42.68/b in July, representing the first decline in five months. Lower-than-expected demand, high refined product stocks, and rising crude supply were the factors behind the $3.16 drop. ICE Brent ended down $3.39 at $46.53/b, while Nymex WTI fell $4.05 to $44.80/b. Speculators cut long positions further this month in all markets. The ICE Brent-WTI spread widened to $1.75/b in Brent’s favour during July.
Interesante analisis sobre los dividendos de la paz en Colombia,
“Colombia’ s peace deal could spur oil sector turnaround” (Acuerdos de paz en Colombia podrían estimular al sector petrolero),
The Bord Gáis Energy Index for September 2014 saw significant increases in the wholesale prices of Natural Gas (21%) and Electricity (17%). This was mostly offset by a fall in Brent Crude Oil as the Bord Gáis Energy Index rises by 3%.
EY Price Point: Global oil and gas market outlook Q4 2018EY
A range of upside forces have shifted market sentiment and some parties are talking of $90, or even $100/bbl oil in the short to medium term. Our insights on the outlook for the global oil price in Q4 2018.
The history of oil industry is full of booms and busts; the latest downturn is the deepest since 1990s starts from Jun 2014. The price of oil has been cut roughly by more than 60 percent since the June 2014. Crude oil prices tried to recover few times last year but a barrel of oil has sunk to its lowest level since 2004.
New base issue 1192 special 31 july 2018 energy news 2Khaled Al Awadi
NewBase July 31, 2018 - Issue No. 1192 Senior Editor Eng. Khaled Al Awadi
containing the latest energy news fyi making the best dicisions in the enenrgy market
2016 Global economic outlook and socioeconomic imperatives For NigeriaOlayiwola Oladapo
Two Key issues will headline the global economic trajectory for 2016;
• Sky diving Oil Prices
• Growth Slowdown of the Chinese economy
These two broad based issues will affect the economic growth across all continents and nations. How do these two issues remotely affect Nigeria?
For more details see the attached presentation. And watch this space for more incisive insight into what the 2016 socioeconomic outlook is for Nigeria.
EY Price Point: Global Oil and Gas Market Outlook - Q3EY
The oil and gas sector is constantly changing. Increasingly uncertain energy policies, geopolitical complexities, cost management and climate change all present significant challenges. EY’s Global Oil & Gas Sector supports a global network of more than 10,000 oil and gas professionals with extensive experience in providing assurance, tax, transaction and advisory services across the upstream, midstream, downstream and oil field sub-sectors.
Mercer Capital's Value Focus: Energy Industry | Q2 2019 | Region: Permian BasinMercer Capital
Mercer Capital's Energy Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
2. Energy Monthly30th August 2016
Outlook
Crude Oil:For the coming month, we expect crude oil prices to trade higher on account of estimates for
freeze in the crude oil production by the Organization of the Petroleum Exporting Countries (OPEC). The
cartel and its members are due for unofficial meeting on 26th – 28th Sep’16. Further, rising demand and
estimates of rise in crude demand from India, China and Russia in near future will lead to upside in the
prices.
Additionally, economic growth from the US was steady at 1.1 percent for the June quarter hinting towards
a stable growth thereby sustaining the demand for the crude. With Chinese demand coming back into the
market and geopolitical tensions between Turkey and Syria along with war like situations between Iran
and US in the Strait of Hormuz in recent week will keep the oil prices in positive territory.
However, sharp upside in the prices can be capped as global economic growth is estimated to be slow for
the current year as well as next year. International Monetary Fund has cut its forecasts for global
economic growth to 3.1 percent in 2016 and 3.4 percent in 2017 as the unexpected U.K. vote to leave the
European Union creates a wave of uncertainty amid already-fragile business and consumer confidence.
The agency has cut its growth forecast for fifth time this year.
Moreover, reversal in prices can be seen as Saudi, which is the highest oil producer in OPEC and oil makes
up around 90 percent of the government revenues. The rout in the oil prices has led the kingdom with its
own set of problems as the price of Brent crude is roughly around $50 a barrel, less than half of what it
was in June last year. Despite the price fall, the kingdom continued to pump record amount of oil in the
hope of putting producers with higher costs out of business. The aim of the Saudi’s is to defend its market
share and hurt any number of rivals including Russia, Iran, or the US shale oil industry. At present, US is
producing around 9 million bpd while Saudi Arabia is producing around 10 mbpd and Russia is producing
at a rate of more than 10 million barrels per day, a record high since the breakup of the Soviet Union, and
is expected to keep output at that level in 2016.
According to reports, the cost at which shale producers can’t even break even is around $50 and
sustained price levels below the threshold mark will put shale oil producers bankrupt. That leaves many
shale producers in the US with have little or no profit margin. The low price of crude in turn has led shale
producers to cut the rigs in operation by around two third, from 1600 to 650 rigs at present. Further,
investors will maintain a cautious stance ahead of the Federal Reserve meeting in Sep’16 and any major
decision to hike the interest rates will have an impact on the commodity. For the month of Septmeber, oil
prices in the international market is expected in range of $40/bbl to $51/bbl and on the domestic front
prices are estimated in the range of Rs.2900/bbl to Rs.3400/bbl.
Natural Gas: Natural gas production is expected to rise marginally for the month of Sep’16 because of
low natural gas prices and declining rig activity. According to estimates of US Energy Information
Administration (EIA), production to rise by 1.0 percent to 79.58 in 2016 and by 2.3 percent to 81.38 Bcf
per day in 2017.
On the demand side, U.S. total natural gas consumption is expected to average 76.6 Bcf/d in 2016 and
77.8 Bcf/d in 2017, compared with 75.3 Bcf/d in 2015. This increase in natural gas consumption is mainly
on account of increase in usage of electric power. Natural gas exports by pipeline to Mexico is expected to
increase on account of growing demand from Mexico's electric power sector and flat natural gas
production in Mexico. For the coming month, gas prices in the international market is expected in range
of $2.60/mmbtu to $3.30/mmbtu and on the domestic bourses are estimated in the range of
Rs.180/mmbtu to Rs.220/mmbtu.
3. In the last month, crude oil prices gained by
more than 11 percent on Nymex, more
than 13 percent on Brent and around 14
percent on the MCX. On the domestic
bourses, prices rose more than
international markets due to depreciation
in the Indian Rupee.
As per the International energy Agency,
global oil demand growth for the first
quarter of 2016 was revised up to 1.4
million barrels per day, due to strong
demand from India, China and, more
surprisingly, Russia. For the year as a whole,
growth will be expected around 1.2 mbpd,
with demand reaching to 95.9 mbpd.
Moreover, Iran is sending positive signals
that it may support joint action to prop up
the oil market, as per the sources in OPEC
and the oil industry, which potentially aided
for the efforts to revive a global deal on
freezing production levels at talks which
will take place next month. OPEC's third-
largest producer has been boosting output
after the lifting of Western sanctions in
January.
Tehran refused to join a previous attempt
this year by OPEC plus non-members such
as Russia to stabilize production, and talks
collapsed in April. Though Iran has not yet
decided whether to join a new effort,
Tehran appears to be more willing to reach
an understanding with other oil producers.
Venezuelan Oil Minister Eulogio Del Pino
toured oil-producing countries including
Saudi Arabia and Iran to rally support for a
deal. Despite rising this year, oil at around
$49 a barrel is less than half its level of
mid-2014.
Members of the Organization of the
Petroleum Exporting Countries are due to
meet informally in Algeria next month on
the sidelines of the International Energy
Forum (IEF). Russia is also expected to
attend the meet. Venezuela, whose
economy has been hit hard by the oil price
collapse, has for months sought to rally
producers towards an agreement to limit
production. Russia, which in April was
ready to freeze production, now wants to
see an internal agreement among OPEC
before it commits to rejoining an initiative.
Tehran insists it will be ready for joint
action only once it regains pre-sanctions
output of 4 million barrels per day (bpd). It
pumped 3.6 million bpd in July, according
to figures reported by OPEC in its latest
report.
Energy Monthly30th August 2016
11.46%
13.23%
14.09%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
16.00%
Nymex Crude Oil ($/bbl) Brent Crude Oil ($/bbl) MCX Crude Oil (Rs./bbl)
Crude Oil Performance in Aug'16 (%)
Source: Bloomberg
4. Besides Iran, output levels in Nigeria and
Libya could also complicate reaching a deal.
While Saudi Arabia, Iran and Russia have
reached record production since April,
Nigeria's hit its lowest in more than two
decades due to attacks on oil sites. Libya is
pumping a fraction of its pre-conflict rate.
U.S. Navy ship fired three warning shots
after an Iranian fast-attack craft
approached two U.S. ships in the northern
Gulf on 24th Aug’16. The United States had
reported another incident where it said
Iranian vessels harassed a U.S. warship near
the Strait of Hormuz for the week on 19th
Aug’16.
Upside in the prices was seen after Saudi
Arabia Energy Minister Khalid Al-Falih
stated that any significant oil market
intervention was necessary as demand for
crude was "picking up nicely" around the
world.
Further, gains in the prices continued due
to falling inventories in gasoline and
distillate but rising inventories of crude oil
capped sharp gains in the commodity. It is
shown in the adjacent charts.
In the current context, the US inventories
are showing signs of withdrawal. It rose by
2.5 million barrels for the week ending on
19th Aug’16. Crude inventories have
jumped for around seven consecutive
weeks in a row.
Energy Monthly30th August 2016
200000
210000
220000
230000
240000
250000
260000
270000
Weekly US Gasoline Inventories
110000
120000
130000
140000
150000
160000
170000
Weekly US Distillate Inventories
350000
370000
390000
410000
430000
450000
470000
490000
510000
530000
550000
Weekly US Crude Oil Inventories
Source: Bloomberg
5. Nymex natural gas prices declined by more
than 1.5 percent for the month of Aug’16
on account of weak summer demand and
more warmer than normal temperatures
which led to decline in demand for the
commodity. On the domestic front, prices
dropped around 1.76 percent in the last
month.
For the current year, refill season showed
stocks well ahead of recent injection
seasons. Cumulative net injections into
working gas totaled at 561 Bcf so far in the
2016 refill season, compared with the five-
year average of 731 Bcf and last year's tally
of 936 Bcf during the same period. Despite,
injections smaller than in previous years,
working gas stocks remain near record
highs for this time of year.
According to 17th Jun’16, the natural gas rig
count in US stood at 85 when compared to
a year ago where in the rig count stood at
223, a total decline of around 137 rigs. The
highest gas rig count of 1606 in the US
stood in 2008. However, the efficiency of
the rigs has increased leading to
sustainable production of natural gas.
Energy Monthly30th August 2016
-1.63%
-1.76%
-1.80%
-1.75%
-1.70%
-1.65%
-1.60%
-1.55%
Nymex Natural Gas ($/mmbtu) MCX Natural Gas (Rs/mmbtu)
Natural Gas Performance in Aug'16 (%)
Moreover, rising inventories in the gas is
keeping pressure on the prices. The same
can be seen in the chart below. Gas
inventories has been in the positive
territory for the three consecutive weeks
indicating towards slowdown in demand.
Electric power sector, Residential sector
and industrial sector are the highest users
of natural gas in the US.
According to EIA, residential consumption
during the Nov’15-Mar’16 withdrawal
season averaged an estimated 21.0 Bcf per
day. This compared to 24.9 Bcf per day last
year and a five-year average of 23.5 Bcf per
day which clearly signals towards the
declining consumption in the residential
sector.
At the start of the winter season, the
absolute natural gas inventory in storage
stood at around 3634 Billion Cubic Feet
which was at end of the heating season on
31st Mar’16 stood at record highs of 2478
BCF. This is 868 Bcf (54%) higher than the
five-year average (2011-15) in March end.
(300.0)
(250.0)
(200.0)
(150.0)
(100.0)
(50.0)
0.0
50.0
100.0
150.0
US Natural Gas Inventories
Source: Bloomberg
Source: Bloomberg
6. SEBI Certified – Research Analyst www.choiceindia.com
Contact Us
Disclaimer
This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial
instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in
any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but
Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the
information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast
future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations
issued by Choice Broking in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on
information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or warranty and accepts no responsibility
or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without
notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended
purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may
be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is
strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current
performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee
against the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock /
Instrument (s): - No.
SEBI Certified – Research Analyst www.choiceindia.comSEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Energy Monthly30th August 2016
www.choiceindia.comcustomercare@choiceindia.com
Anish Vyas
Digitally signed by Anish Vyas
DN: cn=Anish Vyas, o=Choice Merchandise
Broking Pvt. Ltd, ou=Sr. Research Associate,
email=anish.vyas@choiceindia.com, c=IN
Date: 2016.08.30 14:42:14 +05'30'