Bill Day

Teapots boiling in Texas as shale spurs refining revival

By Dan Murtaugh, Bloomberg | January 31, 2014

Near the only four-way stoplight in Nixon, Texas, smoke rises off a pilot flare at the Blue Dolphin Energy Co. refinery that had sat cold for two decades.

Oil rebounds on rumors of debt ceiling deal

By Phil Flynn | October 10, 2013

Oil got hit hard after the EIA inventories that showed a big surge in supply, yet rallied on hopes that a short term deal on the debt ceiling can be reached.

Keystone pipeline: Five years in limbo

By Phil Flynn | September 20, 2013

Yesterday marked the fifth anniversary of TransCanada's application to the U.S. State Department for the 1,700-mile pipeline from Alberta to Texas known as the Keystone pipeline, the most famous pipeline in America even though it has not been built.

Commodities find a disinflation fighting Fed supportive

By Phil Flynn | August 5, 2013

The jobs report was a disappointment but it was exactly what commodity bulls hoped for. The Fed’s new fear of weak inflation will provide support for commodities.

Oil markets proving a study in supply and demand

By Phil Flynn | July 16, 2013

The simple fact is the futures price reflects a vastly tighter outlook for a very narrow category of oil: The specific type of crude that can be delivered against WTI futures at Cushing, Oklahoma.

Gasoline sees jumpy days ahead on refining issues

By Phil Flynn | July 15, 2013

Gas soared on Friday on a string of refining issues. Gasoline went crazy as wholesalers were stunned by strong demand. Despite near record production, supplies are tightening and refining issues are making things jumpy.

Oil pulls back as IEA projects supply will outstrip demand

By Phil Flynn | July 12, 2013

Oil prices pulled back on a report by the International Energy Agency and a report by Genscape about a possible outage of the Seaway Pipeline.

Oil looks for bottom near $86 in volatile trading

By Phil Flynn | April 16, 2013

Oil seems to be trying to find its bottom near $86.00 but it is far from solid. We should see a lot of volatility, but we should try to hold near $86.00 as a bottom.

West coast gas prices soar after refinery fires and supply shortage

By Phil Flynn | October 5, 2012

The West Coast gas market is in chaos, driving prices to record highs and causing shortages of gasoline and the closing of gas stations. Refinery fires and maintenance have conspired to reduce supplies.

Shale boom cuts Gulf oil premium to 24-year low

By Dan Murtaugh, Bloomberg | September 7, 2012

The U.S. shale boom has driven the cost of Gulf Coast light, sweet oil to its lowest level versus Brent crude in almost a quarter century as the nation’s dependence on foreign supplies wanes.

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