-
By Dominick Chirichella |
September 5, 2012
The oil complex is in a battle between the perception traders, who look for more stimulative measures, and the reality traders, who see the global economy is slowing and demand for oil will continue to decline.
-
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.
-
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
-
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.
-
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.
-
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.
-
By Dominick Chirichella |
July 18, 2012
Oil is getting toppy at current levels once again as most market participants continue to focus on the major headwind in the market...the slowing global economy.
-
By Dominick Chirichella |
July 11, 2012
EIA lowered their projection for global oil consumption for 2012 and 2013 versus last month's report. It now is projecting a reduction of about 100,000 bpd in 2012 and 400,000 bpd in 2013.
-
By Dominick Chirichella |
June 27, 2012
Overall oil supply is still plentiful even with the Norwegian strike and the official start of the EU Iranian crude oil purchase embargo scheduled to begin on July 1.
-
By Dominick Chirichella |
June 20, 2012
Although the oil market has oil inventory numbers today, it and other markets are waiting for the FOMC to announce any action following its meeting before picking a direction.
