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By Barbara Powell, Bloomberg |
April 12, 2013
Gasoline sank to the lowest level since January on concern that U.S. and European economies are weakening, reducing fuel demand at the same time refineries increase output.
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By Phil Flynn |
April 11, 2013
While gasoline production fell back a bit from its seasonally high rate, imports to the East and West Coast helped create a big surge in gasoline supply.
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By Phil Flynn |
April 9, 2013
The substitution of natural gas for oil and increasing fuel economy means that oil demand is reaching a tipping point and that "The end is Nigh” for global oil demand growth.
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By Phil Flynn |
April 3, 2013
Why all this interest in the long side of natural gas? Because the hedge funds realize that we are crossing that historic turning point in this market where demand growth expectations will start to outstrip production increases.
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By Phil Flynn |
April 1, 2013
Oil prices are weaker on China's PMI, which rose to a less than expected 50.9 in March. The number failed to inspire petroleum buying but it was a slight improvement over February.
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By Anthony Lazzara |
March 20, 2013
RBOB completed a classic seasonal rally in the beginning of this year, and since hitting a high of $3.30, has sold off almost $.30 in 30 days, hitting a low of $3.02 today. This is our very important pivot level for this market.
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By Phil Flynn |
March 12, 2013
While the oil market fell, RBOB gasoline futures have gone crazy. Yet behind the volatility are a story of record high renewable fuel credits, surging ethanol costs and the possibility of government mandated shortages.
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By Phil Flynn |
March 11, 2013
After a late spike on Friday afternoon and more follow through this morning, RBOB futures are rebounding like crazy. Refiners are drawing down winter blend inventories and supply is falling.
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By Barbara Powell, Bloomberg |
March 6, 2013
Gasoline sank as the Energy Information Administration reported East Coast stockpiles increased and imports jumped. Crack spreads narrowed.
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By Phil Flynn |
March 1, 2013
We seem to be entering the month of March more like a lamb than a lion, but that could be more because of the fact that U.S spending cuts may improve our balance sheet and help deflate asset bubbles like we have seen in metals, stocks and even oil.
