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Nova Energy Market Insights

Nova Energy Market Insights provides actionable information through the analysis of market trends, pricing models, and industry news. The blog delivers Nova Energy clients a customized perspective into the financial markets that have a direct impact on their business today.

OPEC Signals Rising Production, Energy Complex Falls

May 29, 2018 | Comments Off on OPEC Signals Rising Production, Energy Complex Falls

The energy complex has sold off following a surprise announcement by OPEC that they are considering an increase in production as early as next month. The drastic reduction in Venezuelan oil production did most of the heavy lifting for the oil cartel as Brent crude hit OPEC’s price target of $80 per barrel. While the …

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Maduro ‘Wins’ Election, Spells Continued Trouble for Venezuelan Crude

May 21, 2018 | Comments Off on Maduro ‘Wins’ Election, Spells Continued Trouble for Venezuelan Crude

Market Overview Maduro has won another term as president amidst accusations of vote rigging. During Maduro’s tenure, Venezuelan oil production fell roughly 40% to recent lows of 1.5 million. The drop in production has offered sustained support for global crude oil prices and Maduro’s victory looks to maintain the trend. Additionally, President Trump issued a …

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Iran Sanctions Push Prices Higher as Tensions Rise in Middle East

May 14, 2018 | Comments Off on Iran Sanctions Push Prices Higher as Tensions Rise in Middle East

Market Overview With Iran sanctions back on the table any dips in the energy complex should be short lived. While OPEC has stated that member nations stand ready to maintain price stability, the upside is favored given the markets propensity to drift higher and downplay any negative news. Additionally, a string of optimistic price forecasts …

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Iran Speculation Takes Center Stage Ahead of President’s Comments

May 8, 2018 | Comments Off on Iran Speculation Takes Center Stage Ahead of President’s Comments

Market Overview Weekly volatility has picked up as President Trump is scheduled to make an announcement on the Iran nuclear deal today at 2:00 pm EST. Implied volatility for prompt month WTI futures rose from a low around 26% last Friday to a high over 32% following the Trump announcement. At current levels, the market …

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Middle East Tension Boosts Price

April 30, 2018 | Comments Off on Middle East Tension Boosts Price

Market Overview In a busy start to the week, Middle Eastern tension has ramped up as Israel has provided the US government with roughly 100,000 documents claiming to show that Iran has lied about its nuclear weapon program. Additionally, Israel appears to have launched a missile strike overnight on targets in Syria that were occupied …

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