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By Phil Flynn |
April 2, 2013
While manufacturing reported weakness caused a drop in oil, heating oil led a product comeback. Yet it was natural gas that quietly closed above $4.00 that was perhaps the most interesting move of the day.
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By Richard Rubin, Bloomberg |
March 18, 2013
As Congress returns this week to confront immediate budget issues that have consumed the debate in Washington, lawmakers are preparing to pivot to topics such as immigration, gun control and energy policy.
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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 21, 2013
Oh sure oil had a lot of reasons to break yesterday! China’s Wen Jiabao putting their breaks on the Chinese red hot housing market, OPEC raising production to aria and of course the rising fear that the Fed is getting closer to taking the punch bowel away
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By Phil Flynn |
February 15, 2013
A surge on talk of refining issues and tight gasoline blending components sent prices flying. Yet the lack of follow-through with crude oil and heating oil may mean that this run on gas may soon be coming to an end.
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By Bradley Olson, Bloomberg |
January 30, 2013
Phillips 66, the largest U.S. independent refiner by revenue since its spinoff from ConocoPhillips last year, said fourth-quarter profit beat estimates as the company benefited from an abundance of cheap domestic oil.
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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 |
December 18, 2012
Oil prices are back on the rise as it appears that both sides of the fiscal cliff negotiations are willing to give a little bit.
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By Phil Flynn |
November 12, 2012
While the oil market is falling on fears of slowing growth and the possibility of going over the fiscal cliff in a barrel, long term the outlook for the US energy Industry is looking better all the time.
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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.
