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By Phil Flynn |
February 12, 2013
The G-7 and Eurozone finance minters supposedly were on target for a cease fire in the so called currency war, but the rhetoric yesterday seemed to shake up the falling crude market as an ECB bank official took aim and fired.
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By Dominick Chirichella |
January 16, 2013
In spite of market participants focusing more of their attention on the perception of what global oil demand might be down the road, the nearby fundamentals remains mostly biased to the bearish side.
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By Grant Smith, Bloomberg |
January 16, 2013
OPEC reduced production to the lowest level in 14 months as budget wrangles in the U.S., speculation about stimulus measures in Japan and Europe’s struggle to boost growth clouded the outlook for fuel demand.
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By Philil Flynn |
December 21, 2012
A must read Energy Information Agency report that showed significant increases in U.S. production of crude oil and other liquid fuels and the outlook for further growth
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By Phil Flynn |
December 13, 2012
After a big jump we fell on worries that the cliff will not be avoided. Additionally, the Chinese’s benchmark fell putting downward pressure on metals and on oil.
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By Grant Smith, Fred Pals and Nayla Razzouk, Bloomberg |
December 12, 2012
OPEC kept its production target unchanged for a second time this year as the group’s members judged prices are sufficiently high amid forecasts that supply will outpace demand for their crude in 2013.
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By Dominick Chirichella |
December 12, 2012
With geopolitics less of an issue or price driver than it was the last few weeks the main oil price drivers are likely to be any and all macroeconomic data on the global economy with oil fundamentals equally important.
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By Phil Flynn |
December 12, 2012
OPEC is not what it used to be. While traders are focused on the Fed and OPEC, history in the oil patch continues to be made as evidenced by more data from the Energy Information Agency.
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By Phil Flynn |
December 11, 2012
The Federal Reserve starts a two day meeting today and OPEC is flying to Vienna to start jawboning ahead of their official meeting tomorrow. One is important for oil traders and one is not.
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By Phil Flynn |
September 27, 2012
US oil production last week hit the highest level since January 1997! Not only that, but America, in the first six months of this year, met 83% of its energy needs with its own domestic production.
