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☆ Brent crude trades above $87, sets highest levels since April
▼ + stars: | 2024-07-05 | by ( ) www.cnbc.com time to read: +2 min

Oil prices for Brent crude hit their highest level since April on Thursday, holding above $87 after data the previous day showed a decline in U.S. inventories. Oil prices for Brent crude hit their highest level since April on Thursday, holding above $87 after data the previous day showed a decline in U.S. inventories. Brent crude futures were up 21 cents, or 0.2%, at $87.55 a barrel by 1922 GMT. In the previous session, Brent gained 1.3% to settle at $87.34 for its highest close since April 30. Those gains followed a larger than expected decline in U.S. crude stocks.

Persons: Brent, WTI, Martin King, King, Tamas Varga, Rosneft Organizations: Brent, . West Texas, U.S, Independence, U.S . Energy Information Administration, Reuters, RBN Energy, U.S . Federal Reserve, Saudi Aramco, OPEC, UBS Locations: Gaza, France, United Kingdom, Novorossiisk, Saudi, Asia, Oman, Dubai, OPEC, Swiss

☆ RBN Energy Founder Rusty Braziel goes one-on-one with Jim Cramer
▼ + stars: | 2024-04-05 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

RBN Energy Founder Rusty Braziel goes one-on-one with Jim CramerRBN Energy Founder Rusty Braziel joins 'Mad Money' host Jim Cramer to talk the energy sector, the future of the sector, oil prices and more.

Persons: Rusty Braziel, Jim Cramer RBN, Jim Cramer Organizations: RBN Energy

While over the years the pipeline's start date has been moved further back, supply has kept coming. Light synthetic crude from the oil sands, another key Canadian grade, is trading close to its deepest discount since 2020. With Canada exporting around 3.8 million bpd via pipelines, each additional dollar the discount widens amounts to millions in lost revenues for oil companies, analysts say. Conventional oil and gas producers will drill 8% more wells in 2024 to take advantage of greater access to pipelines including Trans Mountain. Rail exports hit 145,000 bpd in September, nearly doubling from May, according to latest data from the Canada Energy Regulator.

Persons: TMX, linefill, WCS, Martin King, It's, Heather Exner, Kevin Birn, Enbridge, James Davis ,, Jesse Jones, Jones, We're, John Zahary, Kent MacDougall, Nia Williams, Stephanie Kelly, Marguerita Choy, Denny Thomas, Simon Webb Organizations: Producers, Canadian, Canada, RBN Energy, Business Council of Canada, U.S ., P, ., Inc, Rail, Canada Energy Regulator, TMX, Altex Energy, Thomson Locations: Asia, British Columbia, Alberta, Canada, U.S . Canada

☆ RBN Energy CEO says energy security is ‘top of mind’ after war in Ukraine
▼ + stars: | 2023-09-26 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

CEO of RBN Energy, Rusty Braziel, told CNBC's Jim Cramer on Tuesday that energy security has been a priority for everyone involved in the oil industry since Russia's war with Ukraine. "Things have changed, they've really changed since the Ukraine war in that energy security is now top of mind," Braziel said. "And what that means for a lot of investors, and for the producers, and mid-streamers and end users of energy, that we are much more focused on hydrocarbons and what they can do for the market right now than we were, call it, two years ago." The war in Ukraine sent the global oil market reeling, as before the hostilities, Russia had been one of the world's top oil exporters and essentially powered most of the countries in the European Union.

Persons: Rusty Braziel, CNBC's Jim Cramer, they've, Braziel Organizations: RBN Energy, European Union Locations: Ukraine, Russia

☆ Natural gas is growing faster than oil, says RBN Energy's Rusty Braziel
▼ + stars: | 2023-09-26 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Natural gas is growing faster than oil, says RBN Energy's Rusty BrazielRBN Energy founder and executive chairman Rusty Braziel joins 'Mad Money' host Jim Cramer to talk oil and natural gas.

Persons: RBN, Rusty, Rusty Braziel, Jim Cramer Organizations: Energy

☆ Energy security is now top of mind following the Ukraine war, says RBN's Rusty Braziel
▼ + stars: | 2023-09-26 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEnergy security is now top of mind following the Ukraine war, says RBN's Rusty BrazielRBN Energy founder and executive chairman Rusty Braziel joins 'Mad Money' host Jim Cramer to talk oil and natural gas.

Persons: Rusty, Rusty Braziel, Jim Cramer Organizations: Email Energy, Energy Locations: Ukraine

☆ Jim Cramer calls for 'buy and homework' over 'buy and hold': What does he mean?
▼ + stars: | 2023-07-09 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

Send your questions directly to Jim Cramer and his team of analysts. — Mandy M. Jim Cramer said investors should gain as much knowledge about their portfolios as possible. This homework must occur before you buy the stock of a company — and, equally important, once you become a shareholder. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Send your questions directly to Jim Cramer and his team of analysts.

Persons: Jim Cramer, Mandy M, Goldman Sachs, Cramer, EDGAR, Edgar, We're, Jim Cramer's, Jim Organizations: Goldman, CNBC, Bloomberg, Wall Street, TSA, Wynn Resorts, WYNN, . Energy, Administration, RBN Energy, Apple, Linde, LIN, Jim Cramer's Charitable

☆ This is a weird year for natural gas, says RBN Energy's Rusty Braziel
▼ + stars: | 2023-03-24 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is a weird year for natural gas, says RBN Energy's Rusty BrazielMad Money host Jim Cramer sits down with RBN Energy Executive Chairman Rusty Braziel to discuss natural gas and the crumbling price of oil. When banks are worried about going under, they lend out less money, which slows the economy and reduces energy demand, says Cramer.

A total of 95 cargoes carrying LNG departed last month from U.S. ports mainly bound for customers in Europe, which received 68% of exports. In December, U.S. LNG exports had increased to 7.22 million tonnes as producers made an effort to supply as much as possible to Europe. Clients there took 79% of total exports that month. Delays to restart the second-largest U.S. LNG plant, Freeport LNG, after a fire have also created limitations to export the superchilled gas since mid-2022. Freeport LNG on Tuesday asked U.S. regulators for approval to supply natural gas to one of the three idled units at its Texas plant, a milestone in efforts to restore production after a seven-month outage.

Output in the Eagle Ford shale field tanked in 2020, but has returned to growth with an average increase per month of about 17,000 barrels per bay (bpd) in the back half of 2022, according to U.S. government data. Its gains will help keep U.S. output rising as the Permian basin, the largest U.S. shale field, has slowed rapidly in the last year. The Eagle Ford is close to existing and proposed liquefied natural gas terminals, offering producers more buyers for their gas. February's Eagle Ford oil production is forecast to hit 1.2 million bpd, the most since April 2020, according to data from the Energy Information Administration. GRAPHIC: Eagle Ford oil rig count rises to highest since March 2019 https://graphics.reuters.com/USA-OIL/EAGLE/dwpkdazxgvm/Reporting by Stephanie Kelly; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

These buys come as our favorite technical analyst Larry Williams suggested earlier in the week that a Santa Claus rally was in the play. We are adding to an oil position, Devon Energy . With this backdrop, we're adding to Devon Energy, a position we've trimmed much higher and have been slow to build back up. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ What Cramer is watching Monday — October's stock pop, tech reign over, China's zero Covid
▼ + stars: | 2022-10-31 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Club holding Wynn Resorts (WYNN) jumps 5% in the premarket after a 4.5% pop Friday. UBS downgrades Caterpillar (CAT) to neutral (hold) from buy; cuts price target by $5-per-share to $230, which is silly. Outback Steakhouse owner Bloomin' Brands (BLMN): two price target boosts, Citi and Barclays. Barclays: LyondellBasell (LYB) downgraded to equal weight from overweight (hold from buy), cut price target to $82 per share from $95. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ U.S. oil refinery run-rates could top 90% for 3rd quarter in a row
▼ + stars: | 2022-09-28 | by ( Erwin Seba | ) www.reuters.com time to read: +4 min

This year's final quarter, however, could see operators hold production rates high to grab strong diesel margins, they said. The forecast excludes the potential impact of a major hurricane striking the U.S. Gulf Coast, home of nearly half the nation's oil refining. U.S. crude oil capacity is down nearly 1 million barrels per day since early 2020, to 17.9 million barrels per day (bpd). At the same time, inventories fell to 117.3 million barrels, down 12 million barrels from the same week a year ago. “They’re trying to make more distillate.”Holding runs above 90% runs the risk of further eroding gasoline margins.

The coming end of SPR releases could shift market dynamics again in a year of high volatility following Russia's invasion of Ukraine in February. In March the White House announced it would release 180 million barrels from the U.S. strategic reserve to help quell high prices. Foreign buyers have turned to discounted Russian barrels, tempering Canadian crude exports. "When the SPR releases finish, these refiners will look to lean harder again on Canadian barrels or seaborne imports." That system ships the bulk of Canadian crude exports to the United States.

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