Energy

Energy Report

Are New Covid-19 Cases a Blip or a Second Wave?

Phil Flynn
June 11, 2020
Oil prices took a hit overnight on fears of a second wave of Covid-19. Reports of a jump in cases in Florida, Texas, and Arizona and a sharp 5.7 million barrels increase in crude supply to a record overshadowed signs of rebounding U.S. oil demand
Energy Report

A Surprising Spike in Crude Oil Inventories

Phil Flynn
June 10, 2020
The API reports showed that U.S. oil inventories spiked by 8.42 million barrels of crude.
Energy Report

Iraq Commits to Production Cuts

Phil Flynn
June 09, 2020
Iraq's new Minister of Oil says his country's fully committed to the decisions taken at the OPEC meeting.
The Energy Report

Oil Bulls Have Everything Going Their Way

Phil Flynn
June 08, 2020
Has $40.00 a barrel oil ever felt so good?
Energy Report

Saudis Put the Pressure on OPEC Scofflaws and Cheaters

Phil Flynn
June 04, 2020
Saudi Arabia and Russia are putting pressure on OPEC scofflaws threatening not to have a June 5 meeting to talk about production cut
Energy Report

The Oil Market is Healing

Phil Flynn
June 03, 2020
A potential extension of the OPEC+ production cuts, as well as recovering oil demand, sent Brent crude back above $40.00 for the first time since the Russia-Saudi Arabia production war broke out.
Energy Report

Energy Futures Betting on Production Cut Extension

Phil Flynn
June 02, 2020
Oil prices are on the rise again as it appears that OPEC and Russia are poised to extend production cuts.
Energy Report

Positive OPEC+ Speculation Counteracts Global Tensions

Phil Flynn
June 01, 2020
Tension surrounds the globe with riots in major U.S. cities and increasing strain between the U.S. and China. Despite this turmoil, energy markets are holding better than one might expect.
The Energy Report

An Encouraging EIA Report

Phil Flynn
May 29, 2020
Demand is rising, and production is falling, but China might be the fly in the oil market ointment. Oil prices are giving back their demand growth inspired gains as the market is concerned about rising tensions between the U.S. and China
Energy Report

Clouds Over The Oil Price Comeback

Phil Flynn
May 28, 2020
The oil price comeback is in jeopardy after it appeared that Russia was waffling on extending oil production cuts past June or maybe they agreed to increase cuts with Saudi Arabia.