EIA

You have got trouble

By Phil Flynn | September 18, 2017

Hurricane activity and a big drop in U.S. rig counts will force traders to look at forces that may hit both supply and demand.

Impact statement on crude

By Phil Flynn | September 14, 2017

The Energy Information Administration (EIA) reported quite clearly the impact that Hurricane Harvey and Irma had on gasoline supply. They reported the biggest gasoline drawdown in history, 8.428 million barrels, putting gasoline supply back to a three year low. Yet at the same, it showed what the U.S. refining community is going to have to do and it basically means that they will demand more crude oil as they look to rebuild supply.

Crude: more demand and less supply

By Phil Flynn | September 13, 2017

While Florida and the rest of the Gulf Coast deal with the aftermath of Hurricane Harvey and Irma and the energy markets assess the short-term demand destruction, in the bigger picture for energy, we are getting very bullish data in supply versus demand.

EIA weekly report and crude

By Nadia Simmons | August 18, 2017

Although the EIA weekly report showed a larger-than-expected decline in crude oil inventories, the price of the commodity declined sharply after news that U.S. crude oil production increased. Thanks to these circumstances, light crude lost 1.62% and closed the day under important support. What does it mean for the black gold?

Crude: Russia is all the rage

By Phil Flynn | July 21, 2017

For oil and the markets, Russia is all the rage. There is the big OPEC/non-OPEC pow-wow in Russia and reports that Special Prosecutor Robert Mueller is opening an investigation into President Donald Trump's business transactions with Russia one day after the President said that that would be a red-line for him.

Eventful day in the markets

By Fawad Razaqzada | July 13, 2017

After an eventful day in the markets yesterday, U.S. stocks are higher, but off their best levels; gold is also up while crude oil has given up its earlier gains. In FX, the U.S. dollar is mostly weaker but not as much as the euro, while the British pound is up slightly and the Canadian dollar is significantly higher.

Oil steadies but for how long?

By Craig Erlam | June 22, 2017

We’re seeing risk aversion in the markets once again on Thursday, with US futures currently slightly in the red, Gold adding to recent gains and the yen edging higher.

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