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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.
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By Philip Burgert |
February 1, 2013
Although the supply outlook is increasingly positive, global demand questions remain for oil, natural gas and other energy products.
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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 |
January 23, 2013
The petroleum markets are having a hard time deciding whether they should rally on the cold temperatures, or sell-off on a forecast that puts most of the eastern half of the United States to back above normal temperatures.
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By Moming Zhou, Bloomberg |
January 18, 2013
Oil headed for the longest weekly winning streak in 14 months in New York after growth accelerated in China, the world’s second-biggest crude-consuming country.
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By Phil Flynn |
January 10, 2013
While the weather in China is very cold, it appears their economy is starting to get red hot. China’s export growth exploded, rising 14% in the month of December. Because of that petroleum demand, expectations are rising.
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By Phil Flynn |
January 4, 2013
So much for Federal Reserve transparency, it is very clear after the release of the Fed minutes that the Federal Reserve either misled the market after the last Fed meeting or there is something more sinister going on.
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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
