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Tag Archives: john kemp

U.S. propane stocks hit record despite strong exports: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Liquefied petroleum gases (LPG) are the fastest-growing category of hydrocarbon exports from the United States, with volumes up almost four-fold since 2012. Exports have grown from less than 200,000 barrels per day in 2012 to an average of 743,000 bpd so far in 2015 and ...

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Hedge fund short positions and oil prices in 2015: Kemp

(The opinions expressed here are those of the author, a columnist for Reuters.) LONDON – U.S. oil prices have cycled between $40 and $60 per barrel since the start of 2015 and the rise and fall has corresponded with the accumulation and liquidation of hedge fund short positions. There have been at least three cycles in WTI prices and hedge ...

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Should we worry as oil stocks hit 3 billion barrels? Kemp

(The opinions expressed here are those of the author, a columnist for Reuters.) LONDON – Nearly 3 billion barrels of crude petroleum and refined products are being stored by oil firms in the advanced economies according to the International Energy Agency (IEA). Commentators have seized on the 3 billion figure as a shorthand way to convey how oversupplied the oil ...

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Warm weather worsens glut of US gas, heating oil: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Unusually mild weather across the United States this autumn has sharply reduced heating demand and contributed to the substantial oversupply of both natural gas and heating oil. Heating demand has been 27 percent lower than the long-term average so far this heating season according to ...

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IEA sees oil below $80, what could go wrong? Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Oil prices are unlikely to rise consistently above $80 per barrel before the end of the decade, the International Energy Agency (IEA) predicted in the World Energy Outlook published on Tuesday. Slower growth in demand coupled with the transformational impact of shale on production costs ...

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U.S. refineries start to return from maintenance: Kemp

LONDON – Total stocks of crude oil and refined products in commercial storage across the United States dropped for the second week running last week, the first back-to-back fall since May, according to the U.S. Energy Information Administration (EIA). More than 1.4 million barrels per day (bpd) of refinery capacity is still offline for routine maintenance and upgrades after the ...

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Volatility and flash events in the oil market: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Crude oil prices have been more volatile this year than at any time since the financial crisis of 2008/09 and before that 1991, according to standard measures of price variability. Some of the increase in volatility is more apparent than real, however, as every $1 ...

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U.S. diesel demand flat as freight growth slows: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – U.S. diesel consumption has been flat this year after growing strongly in 2013 and 2014, mirroring a slowdown in inland freight movements and the worldwide slowdown in the raw materials sector. Diesel consumption measured by the Energy Information Administration’s data on distillate supplied is closely ...

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OPEC has stalled the shale revolution: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – The resilience of U.S. shale producers has surpassed all expectations as they have wrung extra efficiencies out of their operations and pulled rigs back to the most prolific sections of existing plays. The shale sector’s ability to cut costs and sustain their output in the ...

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