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By Mark Shenk, Bloomberg |
May 7, 2013
The U.S. Energy Information Administration reduced its crude-oil price forecast for 2013 because of falling futures and increasing production outside of the Organization of Petroleum Exporting Countries.
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By Emma Charlton and Lukanyo Mnyanda, Bloomberg |
April 24, 2013
The euro’s 25% jump against the yen over the past six months underscores the rising pressure on European Central Bank President Mario Draghi to cut interest rates as the region’s exporters lose out to Japan.
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By Mark Shenk, Bloomberg |
April 9, 2013
The U.S. Energy Information Administration increased its West Texas Intermediate crude price forecast for 2013, predicting new pipeline and rail capacity will narrow WTI’s discount to Brent oil.
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By Susanne Walker, Bloomberg |
March 5, 2013
Pacific Investment Management Co.’s Bill Gross, manager of the world’s biggest bond fund, said the yen is likely to weaken to 100 per U.S. dollar on concern stimulus measures by the Bank of Japan will debase the currency.
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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 |
November 28, 2012
Traders are rolling the day product expiration and may not get long as it looks like politicians are destined to sink the economy over political ideology.
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By Glenys Sim |
November 27, 2012
Gold fell to the lowest level this week as concern about U.S. budget negotiations increased demand for the dollar as a haven.
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By Phil Flynn |
September 11, 2012
Gas prices still are not really coming down in Chicago or in China. Motiva Enterprises LLC expects to need another week to get the main production units running at its Convent, La. refinery.
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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 Dominick Chirichella |
July 11, 2012
EIA lowered their projection for global oil consumption for 2012 and 2013 versus last month's report. It now is projecting a reduction of about 100,000 bpd in 2012 and 400,000 bpd in 2013.
