Energy

Oil on Friday the 13th

By Phil Flynn | October 13, 2017

A black cat crossed the oil bears path this morning as the market is now soundly rejecting the International Energy Agencies downbeat assessment of oil prices in 2018.

Down the shale hole

By Phil Flynn | October 12, 2017

While OPEC and The Energy Information Administration raising its outlook for demand and lowers its projection for global Non-OPEC production, The International Energy Agency (IEA) releases a report that shows that tries to talk down demand next year admit they underestimated demand this year.

Crude: Speedy balance

By Phil Flynn | October 10, 2017

Do they see what I see? OPEC’s Secretary General Mohammad Barkindo is telling us that the global oil market is rebalancing fast as the glut of refined products is gone as he and OPEC take a victory lap ahead of their November OPEC meeting.

Crude: Amazing comeback

By Phil Flynn | September 28, 2017

Down but never out. The U.S. energy industry had an amazing comeback raising refining runs to almost pre-Hurricane Harvey levels in what can only be described as a heroic effort.

Oil bull market

By Phil Flynn | September 26, 2017

Oil is officially back in a bull market even as a rising dollar is causing some profit taking early.

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.

Failure to launch

By Phil Flynn | September 15, 2017

Risk assets failed to launch even after North Korea fired a missile over the northern part of Japan and reports of a terror attack on a London subway or the “tube” in rush hour.

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?

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