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By Phil Flynn |
September 7, 2012
About an hour before the pit session closed yesterday, a story circulated that there was going to be a release of oil from the Strategic Oil Reserve this weekend and that started the big sell-off.
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By Phil Flynn |
August 30, 2012
If short sided oil traders thought they would be basking in sunny big time profits after the storm, I would have to say at this point, they have to be a bit disappointed.
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By Dominick Chirichella |
August 29, 2012
As Hurricane Isaac passes through the area over the next several days the industry will be able to quickly assess the condition of the oil and Nat Gas facilities. Until then, it focuses on inventories.
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By Jim Parrish and Kris Hicks |
August 29, 2012
With Strategic Petroleum Reserve releases less likely because of the relatively minor impacts of the smaller hurricane, oil could see solid gains on Wednesday as the storm reaches the mainland.
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By Phil Flynn |
August 29, 2012
Hurricane Isaac makes a second landfall at Port Fourchon, La. and it is becoming clearer that the threat from this slow moving storm may not come from the winds but the potential flooding.
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By Kasia Klimasinska, Bloomberg |
August 28, 2012
Rising gasoline prices and production cuts tied to a tropical storm churning through the Gulf of Mexico have some energy analysts predicting the U.S. will announce a release from its Strategic Petroleum Reserve.
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By Phil Flynn |
August 17, 2012
Higher gasoline prices are starting to worry the Obama administration as talk of a release of oil from the Strategic Petroleum Reserve.
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By Phil Flynn |
August 17, 2012
Higher gasoline prices are starting to worry the Obama administration as talk of a release of oil from the Strategic Petroleum Reserve.
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By Phil Flynn |
March 30, 2012
Oil consuming nations may seek reassurance from Saudi Arabia that it will not cut oil production and neutralize the impact on oil prices if consumer countries release emergency reserves.
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By Phil Flynn |
March 19, 2012
Spare capacity stood at 2.5 million barrels a day on average in January and February this year, compared with 3.7 million barrels a day in the same period last year
