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By Phil Flynn |
October 24, 2012
Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on track to rise 7% this year to an average of 10.9 million barrels per day.
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By Phil Flynn |
October 4, 2012
Oil washed out, far exceeding the moves lower in other commodities and Mitt Romney finally frames the energy debate hitting Obama in the green where he is most vulnerable.
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By Phil Flynn |
August 20, 2012
As the world gets geared up for more stimulus and word that Saudi oil production is rising, it seems to suggest either that demand is getting better or the Saudi’s are trying to make sure the market is well supplied ahead of any impending conflict.
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By Phil Flynn |
May 8, 2012
The euro currency technically and fundamentally is in trouble and so too is the long commodity trade. Traders more and more will seek safe harbor in the dollar and bonds, and commodities will seek to trade in a lower range.
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By Phil Flynn |
April 16, 2012
Because the talks did not give us a decisive outcome, it will be hard for oil to take out $100 a barrel on the downside, yet it will also be hard to go above $105.
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By Zahra Hankir, Bloomberg |
April 9, 2012
Saudi Arabia’s King Abdullah asked the stock market regulator to investigate trading violations even if they involve members of the royal family, Al Sharq reported on its website, citing a letter to the regulator.
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By Dominick A. Chirichella |
March 21, 2012
With all of these announcements hitting the media airwaves on the same day it is obvious this was an orchestrated plan that likely started to be put in place last week when Obama met with Cameroon.
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By Phil Flynn |
March 21, 2012
The Saudis tried to shock and awe the oil market but you have to believe that the market will start asking, what are you going to do for me in the future?
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By Ayesha Daya, Bloomberg |
March 20, 2012
Saudi Arabia can increase crude production by as much as 25 percent immediately if needed, the country’s oil minister said, seeking to allay the concern over supplies that has driven prices to the highest in three years.
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By Rob Sheridan, Bloomberg |
March 16, 2012
Saudi Arabia, the world’s biggest oil exporter, is booking the most tankers in years to supply the U.S., a sign the kingdom is fulfilling a pledge to compensate for a decline in Iranian sales, according to Dahlman Rose & Co.
