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By Phil Flynn |
June 13, 2013
Warnings that crude supply could tighten by the International Energy agency gave bulls reasons for hope, yet OPEC is warning of potential threats to the oil market's balance and reported an increase in its own output in May.
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By Phil Flynn |
June 11, 2013
The EIA shocked in a good way when they reported a major increase in global oil supply! According to that number and assuming the world consumes 19 million barrels of oil per day, we then have 497 years of oil left.
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By Phil Flynn |
June 3, 2013
Data overnight is a mish mash but there is nothing in it to inspire an energy rally. Now with stocks faltering on turmoil in Turkey and some mixed data out of China and Europe, the downside slide looks to continue.
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By Lananh Nguyen, Bloomberg |
May 30, 2013
Demand from western nations seen as "limping," leading to reduction in shipments.
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By Phil Flynn |
May 30, 2013
Tropical storm Barbara is down played by NHC, although still headed toward Mexico's largest refinery.
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By Phil Flynn |
May 28, 2013
Oil prices overnight are up a touch led by an increase in Brent crude prices. OPEC meets this week and is still trying to grasp the impact of the U.S. shale gas revolution.
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By Phil Flynn |
May 14, 2013
Following several years of stronger-than-expected North American supply growth, the shockwaves of rising U.S. shale gas and light tight oil and Canadian oil sands production are reaching virtually all recesses of the global oil market.
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By Phil Flynn |
April 19, 2013
OPEC is showing more concern about the rapid drop in oil prices. While a call from the hawks for a meeting is not unusual, it seems that OPEC special meeting or not will more than likely reign in production unless prices rebound dramatically.
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By Phil Flynn |
April 18, 2013
Words like depression and deflation are again being talked about and it is possible that the commodity collapse in gold, copper and oil is sending an ominous warning about the direction of the global economy.
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By Asjylyn Loder, Bloomberg |
April 2, 2013
China is on course to overtake the U.S. as the world’s top crude importer by 2014, as the Asian country’s growing refining capacity boosts demand and America’s fracking boom cuts the need for foreign oil, OPEC said today.
