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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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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 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 Phil Flynn |
August 2, 2012
The Energy Information Administration reported the biggest increase in US crude oil and natural gas reserves in history.
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By Phil Flynn |
July 24, 2012
The truth is that China or no China, market forces are working towards finding ways to get North American oil in the global oil markets.
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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.
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By Dominick A. Chirichella |
June 13, 2012
Event risk will take over as the main price driver for all of the risk asset markets, including the oil complex, as the macro correlations remain very tightly linked.
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By Phil Flynn |
June 5, 2012
Global oil markets got a respite from the massive demand and price destruction we have seen in recent weeks, but ... we are not out of the woods just yet
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By Dominick Chirichella |
May 9, 2012
From the oil complex perspective a slowing economy will result in slowing in oil demand growth and likely underperform the forecasts, including the latest one by the EIA discussed here.
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By Jeff Wilson and Phoebe Sedgman, Bloomberg |
May 3, 2012
CME Group Inc. is raising futures margins for non-hedged accounts starting May 7 to comply with new regulations.
