Currently viewing the tag: "The Energy Report"

Renzi Out Oil Up. The Energy Report 12/05/16

On December 5, 2016 - 8:10 AM By

Oil prices, like the rest of the global markets, are shaking off the Italian “no” vote on constitutional reforms and Italian Premier Matteo Renzi announced resignation and instead are focusing on growth and OPEC production cuts. After opening lower the global markets came roaring back as it might not be all bad that Italy is […]

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While the oil market grabbed the spotlight, considering the historic OPEC agreement and rightly so, we also must keep an eye on natural gas. The natural gas market has had an impressive move as of late and yesterday’s price spike got help not only from a slightly friendly supply report, but a weather prediction that […]

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This is a big OPEC’ing deal. While the naysayers said it could not be done, OPEC went ahead and did it anyway. The cartel agreed to cut production by 1.2 million barrels a day(mbd) to 32.5 mbd and has enticed non-OPEC producers to add another 600,000 barrels. Now that the months in making the deal […]

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OPEC Last Stand. The Energy Report 11/30/16

On November 30, 2016 - 7:54 AM By

Strand up or go home. The oil market is giddy as we go into the final stretch in what may be the most important OPEC meeting in recent history. The Cartel today will not only decide on a deal to restrain production but may be a vote on the cartels future relevance. It is doing […]

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The Wire. The Energy Report 11/29/16

On November 29, 2016 - 7:57 AM By

OPEC is again taking it down to the wire after marathon talks failed to mend differences between Iran and Saudi Arabia. The Saudis were taking a tougher stand on Friday, suggesting that they are ready to walk away from the deal and seemed to put the deal in jeopardy. All along it has been the […]

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Oil prices dropped by 2 dollars a barrel on light volume after Saudi Arabia refused to attend a meeting with Non-OPEC members over the weekend. The Saudis, who thought they had a deal with Russia, seems to know that the Saudis are failing to do their part. The Russians are probably backing off a bit […]

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Turkey Hangover. The Energy Report 11/25/16

On November 25, 2016 - 8:35 AM By

Oil market action is weak as the US dollar continues to soar and oil is still waiting ion OPEC. It is just 5 days away from the big meeting and still it is unclear whiter the old cartel can get its act together. In the meantime, weak data out of China is making the market […]

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OPEC is a real turkey and knows how to mess up Thanksgiving. In fact, it was Thanksgiving 2 years ago when OPEC failed to secure a production cut and the Saudis declared a production war that goes on until this day. Now Thanksgiving eve in the US and once again the markets are fretting about […]

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The deal may be all but done but will it solve all the problems for US energy and refiners? Oil prices continue their rally on reports of progress in OPEC production cut talks in Vienna. The latest sign that a deal is in the offing is when the Nigerian delegate Ibrahim Waya, a member of […]

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Technical Deal. The Energy Report 11/21/16

On November 21, 2016 - 9:48 AM By

OPEC has a “technical deal” that could be solidified at a technical meeting this week in Vienna. All the major players are saying they are optimistic that a deal will be reached barring any last-minute blow ups. Saudi Arabia, Russia, Iraq and Iran all say that a production deal is within reach and it is […]

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Buffy may have her way on slaying vampires but she has nothing on Fed Chair Janet Yellen when it comes to killing commodities. Ms. Yellen’s testimony to Congress basically assured us that the Federal Open Market committee will raise rates in December as the economy is making significant progress. The talk sent the dollar, that […]

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Janet and OPEC. The Energy Report 11/17/16

On November 17, 2016 - 7:44 AM By

What will have more impact on oil trading today? Will it be news out of OPEC or the testimony in Congress by Janet Yellen? We know that comments from the Russian oil minister Alexander Novak saved oil from selling off more after he said that he remains optimistic that OPEC can get a deal done […]

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