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By Phil Flynn |
March 14, 2013
In the past when OPEC’s back has been against the wall, like the late-1990s, energy prices and demand rebounded to save them from the ash heap of history. Yet this time may be different. Why? Because OPEC is not the only game in town!
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By Phil Flynn |
March 13, 2013
Oil prices are trying to find their seasonal bottom. A bounce yesterday on strong retail sales and happy talk out of Europe, seemed to give the complex a technical bounce.
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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 Mark Shenk, Bloomberg |
February 28, 2013
OPEC crude output rose for the first time in six months as rising Libyan production outpaced a cut by Saudi Arabia, which has implemented a program aimed at curbing excess supply and supporting prices.
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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 Asjylyn Loder, Bloomberg |
February 13, 2013
A record surge in U.S. oil production that has moved the country closer to energy independence threatens the existence of OPEC, according to analysts at Citigroup Inc.
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By Dominick Chirichella |
February 13, 2013
The EIA and OPEC both increased their projection for global oil demand growth versus last month's reports with the IEA surprising the market by decreasing their forecast vs. last month.
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By Phil Flynn |
February 12, 2013
The G-7 and Eurozone finance minters supposedly were on target for a cease fire in the so called currency war, but the rhetoric yesterday seemed to shake up the falling crude market as an ECB bank official took aim and fired.
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By Phil Flynn |
February 11, 2013
Short term natural gas continues to bear the weight of rising supply but long term the market is looking more like a major long term bottom.
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By Joe Carroll, Tim Catts and David Wethe, Bloomberg |
February 7, 2013
Deep-water oil exploration has been disrupted from the Gulf of Mexico to Brazil by the discovery of faulty bolts used in safety equipment less than three years after the worst-ever U.S. maritime crude spill.
