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By Dominick Chirichella |
September 12, 2012
Prices are almost solely being driven in the short term by a combination of last week's outcome of the ECB meeting and the growing view that more stimulus from both China and the US is on the way.
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By Phil Flynn |
September 11, 2012
Gas prices still are not really coming down in Chicago or in China. Motiva Enterprises LLC expects to need another week to get the main production units running at its Convent, La. refinery.
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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 Phil Flynn |
August 23, 2012
Oil imports plunged, falling dramatically catching traders by surprise and strong refinery runs led to a big drop in crude supply.
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By Dominick Chirichella |
August 22, 2012
At the moment there is an ample supply of crude oil in the world but refined product inventories in the United States have been running below the five-year average
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By Phil Flynn |
August 16, 2012
With all of the issues challenging energy production, imports and production, not to mention seasonal patterns, the weekly net changes make a lot more sense. Still there were some surprises.
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By Phil Flynn |
August 9, 2012
The stock market and the oil market has been moving on hopes that the Fed, ECB and China are getting ready to ease on down the road and in fact they have been banking on it.
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By Dominick Chirichella |
August 8, 2012
EIA estimates that world liquids consumption will outpace production by 0.9 million bb/d in the third quarter, as world demand reaches its seasonal peak.
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By Dominick Chirichella |
August 1, 2012
At the moment oil prices are being driven by the direction of the euro and the US dollar as well as by a view that the global economy is continuing to slow and one or two of the major central banks will come to the rescue.
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By Dominick Chirichella |
July 25, 2012
From an oil perspective the slowing Chinese economy will definitely result in a slowing of oil consumption. Further oil imports may have peaked for the short-term.
