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By Phil Flynn |
May 14, 2013
Following several years of stronger-than-expected North American supply growth, the shockwaves of rising U.S. shale gas and light tight oil and Canadian oil sands production are reaching virtually all recesses of the global oil market.
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By Phil Flynn |
April 30, 2013
Natural gas bears still bemoan the cold as it appears that gas prices have to continue to soar because winter refuses to go quietly. The market continues to rise to make sure we refill storage.
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By Phil Flynn |
April 19, 2013
OPEC is showing more concern about the rapid drop in oil prices. While a call from the hawks for a meeting is not unusual, it seems that OPEC special meeting or not will more than likely reign in production unless prices rebound dramatically.
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By Joe Carroll and Rebecca Penty, Bloomberg |
April 3, 2013
Canada is pulling ahead of the U.S. in a contest to be the first exporter of liquefied natural gas from the North American shale bonanza to Asia’s $150 billion LNG market.
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By Phil Flynn |
March 20, 2013
Oil is up a tad as the EU seems to not to be in a real hurry to pull the plug on Cyprus. The EU did promise to provide liquidity based on the existing rules, which is providing liquidity in the energy markets.
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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 Michael Shanahan and Nikolaj Gammeltoft, Bloomberg |
December 19, 2012
U.S. stocks fell, pulling the Standard & Poor’s 500 Index down from a two-month high, as federal budget negotiations deteriorated. Global equities reached a 17-month high and the euro rose as German business confidence grew.
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By Lu Wang and Susanne Walker, Bloomberg |
December 5, 2012
U.S. stocks rose amid optimism lawmakers will reach a budget agreement before the end of the year to avoid automatic spending cuts and tax increases.
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By Phil Flynn |
November 5, 2012
Despite the gas line in New Jersey the market tanked on the reality of demand destruction. Oh sure, the better than expected jobs number also led to a major break as the risk-off trade came into play.
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By Lu Wang and Lynn Thomasson, Bloomberg |
November 1, 2012
Stocks rallied, sending the Standard & Poor’s 500 Index to the biggest gain in seven weeks, oil rose and Treasuries fell after data on U.S. employment and manufacturing beat estimates.