Energy

India's Covid-19 Crisis May Cause OPEC+ To Cut Back Oil Production

Phil Flynn

April 26, 2021

India’s Covid-19 nightmare is impacting oil prices and may cause OPEC+ to cut back production of oil instead of standing pat. The tales of human suffering from India are heartbreaking and hospitals are turning patients away as new cases of Covid-19 are breaking records. 

Demand Fears Halt A Breakout In Oil Before It Could Even Begin

Phil Flynn

April 21, 2021

Just as oil looked poised to break out and run, Covid-19 realities sunk in as demand fear started to raise its ugly head. A surge in cases in India and an announcement that Prime Minister Modi was going to give a speech addressing the issue caused oil bulls to panic.

Oil Prices Fluctuate As President Biden's Foreign Policy Adds Tension To Potential Geopolitical Risk Factors

Phil Flynn

April 19, 2021

Oil prices are fluctuating in a bull flag mode as Joe Biden's foreign policy is adding to global risk factors, along with a 5.9 magnitude earthquake in southern Iran that’s damaged a critical oil facility and disrupted production.

An Increase In Travel Is Tightening Oil Supply In The U.S.

Phil Flynn

April 15, 2021

Oil bulls are back, and strong oil demand numbers have put bulls back in the driver's seat. Not only did we see encouraging data from the Energy Information Administration (EIA), but from the U.S. Department of Transportation, as well.

A Bullish Demand Forecast From The IEA Suggests Oil Prices May Soon Break Out Of Their Month-Long Trading Range

Phil Flynn

April 14, 2021

Not only is the IEA raising their demand forecast, they’re also calling on OPEC to increase output by almost 5 million barrels of oil per day.

Despite Fears Of More Lockdowns In Europe, Signs Show That Oil Demand Is Rising

Phil Flynn

April 13, 2021

Iraq already felt confident enough to raise its oil price to its Asian customers, and data out of China suggest that oil demand is improving and should continue to do so.

Geopolitical Risk Factors For Oil Are On The Rise

Phil Flynn

April 12, 2021

Oil prices are snapping back on news of another Houthi attack on a Saudi oil facility during a weekend where geopolitical risk factors for oil are rising. 

Oil Traders Are Prepping For A Potential Return Of Iranian Oil To The U.S.

Phil Flynn

April 8, 2021

Not only has Biden offered to call Supreme Leader Ali Khamenei directly, but his administration says it’s ready to lift all sanctions that are inconsistent with the JCPOA nuclear accord. 

Drastic Moves In The Oil Market Have Shaken Oil Bulls And Bears Alike

Phil Flynn

April 7, 2021

Since the break of the sharp oil uptrend, prices have whipsawed, driven by headlines and fear; fear of rising Covid-19 cases that may hurt demand and fear that the Biden administration’s infrastructure plan may never pass. 

Concerns About Oil Demand Are Being Raised, But What's Real And What's Imagined?

Phil Flynn

April 6, 2021

Oil prices are recovering from Easter Monday’s huge selloff, which was caused by reasons that were in some cases real, and in other cases imagined.