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By Phil Flynn |
May 15, 2013
Oil is sinking on demand concerns as Europe looks like it is getting more deeply mired in recession. While Germany had some growth, France is going back into recession.
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By Phil Flynn |
May 2, 2013
The Energy Information Agency shocked the market by reporting that U.S. Crude supply increased by 6.7 million barrels putting supply at the highest level in 82 years. So much for that uptick in gasoline demand.
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By Phil Flynn |
March 7, 2013
Oil prices fall as U.S. oil supply rises to a record for as long as the Energy Information Administration has been keeping records. You have to go back almost 70 years to find a time when energy supplies were this high at this time of year.
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By Phil Flynn |
February 28, 2013
If almost on cue and just as I said one day earlier, gas confirmed a major top and we got a wild drop against a back drop of some historic numbers on U.S. oil production!
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By Phil Flynn |
February 6, 2013
There were more pipeline and refinery problems leading to the likelihood of more crude oil back-ups and a renewed widening of the Brent/WTI spread.
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By Phil Flynn |
February 5, 2013
The Brent vs. West Texas Intermediate spread favored Brent by the biggest margin since December as the saga of reduced pipeline runs through the Seaway will back up oil in Cushing Oklahoma once again.
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By Phil Flynn |
January 25, 2013
This week the main reason why crude oil moved up and down was the saga surrounding the Seaway pipeline. The reversal of this pipeline was perhaps the most important reversal of liquid since they changed the direction of the Chicago River.
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By Phil Flynn |
January 9, 2013
Sometimes statistics lie and liars use statistics, yet when it comes to the shale gas revolution the numbers are saying that the energy world has changed forever.
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By Phil Flynn |
January 7, 2013
Last week traders were shocked at the Energy Information Agency when they reported that U.S. commercial crude oil inventories decreased by 11.1 million barrels from the previous week.
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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
