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By Phil Flynn |
December 28, 2012
As we get ready to say goodbye and good riddance to 2012, we are also saying goodbye to oil’s historic run. Unless oil make a last minute run it appear that West Texas Intermediate oil could have its first losing year since the meltdown in 2008
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By Phil Flynn |
December 27, 2012
Should old acquaintance be forgot, and never brought to mind? Not when it comes to oil. Once again it appears that oil is getting ready to ring in the New Year with an invigorated bull run. Happy Bull Year!
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By Grant Smith and Mark Shenk, Bloomberg |
December 26, 2012
Brent crude is poised to trade above $100 a barrel for a third consecutive year in 2013 as tension in the Middle East threatens to disrupt supply and global demand is buoyed by Chinese imports.
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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
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By Phil Flynn |
November 13, 2012
In its monthly oil market report, the IEA forecast oil demand growth in 2013 unchanged at 0.8 million barrels a day but warned that risks remain skewed to the downside.
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By Lananh Nguyen, Bloomberg |
November 12, 2012
U.S. oil output is poised to surpass Saudi Arabia’s in the next decade, making the world’s biggest fuel consumer almost self-reliant and putting it on track to become a net exporter, the International Energy Agency said.
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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 Heather Walsh, Bloomberg |
October 18, 2012
Colombia, the fastest-growing major oil producer in Latin America in the past five years, is looking to join the global shale boom as it expands exploration in areas once dominated by guerrilla groups.
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By Allison Bennett and Inyoung Hwang, Bloomberg |
September 5, 2012
The euro and Spanish 10-year debt advanced on the European Central Bank’s plan to buy bonds, while most U.S. stocks fell as FedEx Corp. cut its profit forecast and reports showed economies were slowing more than anticipated.
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By Phil Flynn |
August 20, 2012
As the world gets geared up for more stimulus and word that Saudi oil production is rising, it seems to suggest either that demand is getting better or the Saudi’s are trying to make sure the market is well supplied ahead of any impending conflict.
