Currently viewing the tag: "The Energy Report"

Blue Mooned. The Energy Report 7/31/15

On July 31, 2015 - 7:14 AM By

Every once in a while, say blue moon commodities get killed.  As July ends the month with its second full moon this month the commodities markets end their worst month since 2011. Oil was a big part of that sector crash as it fell from the $60 a barrel handle to the $47 a barrel [...]

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The Federal Reserve takes out its reference to stabilizing oil prices and the Saudis are dropping hints of an oil production cut. This comes as U.S. oil production sputters and inventories falls. We may have just hit a bottom as oil companies quickly react and probably overreact July’s oil price crash. The Federal Reserve, in [...]

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Common Sense! The Energy Report 7/29/15

On July 29, 2015 - 9:08 AM By

While Secretary of State John Kerry defended lifting sanctions on Iran the question came up as if we should lift the sanctions on U.S. oil exporters. Senator Murkowski, of Alaska, brought the issue to the forefront by asking the question that “if we are going to allow Iran to sell their oil on the global [...]

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Oil Prices are still under pressure after a volatile Chinese stock market trade and a big miss by BP. BP reported a loss of 5.8 billion dollars in the second quarter as oil prices plummeted and lost revenue due to maintenance in the Gulf of Mexico and a whopping 432 million dollar write-down due to [...]

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The biggest drop in the Chinese stock market in 8 years is hurting the already battered commodity complex and is having larger ramifications across the energy sector. The Shanghai Composite Index slid 8.5%, its worst daily percentage fall since February 2007. This could add to more cuts in the energy industry as they try to [...]

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While many have been waiting years for the China bubble to burst it seems that maybe that time is here, or at least that is what the commodity markets are telling us. Just when it seemed that Commodities were ready to rebound we saw one of the world’s biggest hedge fund and outspoken China bull [...]

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Routed. The Energy Report 7/23/15

On July 23, 2015 - 7:12 AM By

Is the commodity rout coming to an end! Maybe not but perhaps a pause. After gold falling for 10 straight sessions the longest stretch of losses since and oil falling below$50 dollars there are early morning signs that perhaps enough is enough. With the Greek Parliament accepting the terms of the EU bailout the Euro [...]

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Oil is still having a hard time finding its footing after the American Petroleum Institute reported a surprise increase in oil inventories and the commodity world as we know it is crumbling all around us. Oil is trying to defend the $50 a barrel area but as we get call on Gold going to under [...]

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After golds midnight massacre it seems that the selloff is acting like a cancer across the commodity complex. The market is fearing that the person or government that sold massive quantities of gold in the middle of the night may know something the rest of us does not. Bloomberg estimated that about $2 billion was [...]

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Black Gold! The Energy Report 7/20/15

On July 20, 2015 - 7:03 AM By

Black gold is doing better that yellow gold as gold hits a 5 year low overnight but oil stays solidly over $50 a barrel. Prices failed to take out $50 a barrel after U.S. rig counts resumed its downward trend. The U.S. oil-rig count for oil fell by 7 to 638 according to Baker Hughes. [...]

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While oil prices weaken after Fed Chairperson Janet Yellen sounds confident about raising rates and Genscape talks about rising supply at the Cushing delivery point the story of the day may be another train crude oil derailment. The AP reports that near Culbertson Montana an oil train derailed prompting the evacuation of some homes and [...]

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Oil prices failed to muster a rally even after a big drop in U.S. crude supply and record refinery runs. One reason for that was Federal Reserve Chair Janet Yellen who seemed very upbeat and very confident that the Fed will raise rates this year. Oil can’t fight the Fed and it can’t fight the [...]

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