Posts by: Phil Flynn

While the world is in geopolitical turmoil somehow financial markets are subdued. While many credit the Fed and their easy money policies another main component of this calm in the face of multiple storms is the rise of the US oil producer. Soaring US oil production has allied fears that these many geo-political hotspots could [...]

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Air Risk. The Energy Report 7/24/14

On July 24, 2014 - 9:23 AM By

A day after Ukraine accused Russia of shooting down Ukrainian warplanes and after the downing of a Malaysian passenger plane another plane has gone missing. Reports overnight that Spain’s Swiftair lost contact with an Airbus A320 plane that had 116 people aboard en route from Ouagadougou in Burkina Faso in Africa to Algiers may bring [...]

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By Anna Louie Sussman | Reuters U.S. crude stocks fell more than expected last week even as refineries cut output, government data showed on Wednesday, but a build of 5 million barrels in combined inventories of gasoline and distillates raised questions about demand. Crude inventories fell 4 million barrels in the last week, data from [...]

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If the American Petroleum Institute is any indication refiners continue to refine oil into product at a record pace. Cheaper domestic and higher yielding oil are leading to high margins for refiners that keep them running at a historic pace. What is more that even with that record pace the draw on US inventories are [...]

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August crude is going off with a bang as violence in the Gaza strip and fears of Russian sanctions is coming ahead what some people fear will be a big drop in Cushing Oklahoma supply. Cushing Oklahoma of course is the delivery point for the West Texas Intermediate contract and we saw August crude go [...]

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By Moming Zhou | Bloomberg West Texas Intermediate crude rose to the highest in more than two weeks as strong refinery demand reduced U.S. inventories. Prices gained for a third time in four days. U.S. refineries operated at the highest rate in nine years in the week ended July 11, according to the Energy Information [...]

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Global markets are weak as the combination of increasing calls for tough sanctions on Russia and heavy fighting between Israel and the Palestinians is adding uncertainty to global economic outlook. The evidence is mounting of Russia’s involvement in the missile strike that brought down the Malaysia Airlines flight that killed 298 people. The anger level [...]

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Upstream | News Wires | 18 July 2014 01:43 GMT US crude oil jumped by more than $2 on Thursday after a Malaysian airliner was shot down over eastern Ukraine, dramatically escalating the crisis between Russia and the West. Just one day before, the US imposed tough sanctions against Moscow. Oil prices began rising early, [...]

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Markets react to Ukraine Disaster. With Jack Scoville [PRICE Links Video Series] Recorded on: 7/18/2014 Learn More about the Rogers International Commodity Index® (RICI®) You can reach Phil Flynn at (888) 264-5665 or pflynn@pricegroup.com View All of the PRICE Links Videos The PRICE Links Video Series gives you access to the minds of the industry’s [...]

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Barbaric. The Energy Report 7/18/14

On July 18, 2014 - 9:04 AM By

Oil is rising as geopolitical risk came back in the most horrendous way. The shooting down of an unarmed passenger plane with a surface to air missile could raise the tensions in Ukraine to a whole new level. All 298 souls aboard Malaysia Airlines Flight 17 were killed. Oil had the biggest increase in a month [...]

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The EU and US followed through and hit Russia with more sanctions in response to the trouble that they are causing in Ukraine. The sanctions on Russia may start to bite and are already impacting many stock and commodity markets across the board. Palladium was notable as it hit the highest level since 2001 after [...]

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China Bounce. The Energy Report 7/16/14

On July 16, 2014 - 8:56 AM By

Oil is rebounding on a drawdown in US supply and strong Chinese data upping what had been weakening demand expectations out of the world’s second largest economy. Not to mention the EU most likely putting new sanctions on Russia and no cease-fire in the Gaza strip. China’s GDP came in at a better than expected [...]

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