Currently viewing the tag: "The Energy Report"

Saudi Arabia is making an incredible offer to try to close the deal on a production freeze at the meeting in Algiers. The word on the street is that Saudi Arabia is offering to cut its oil production if Iran agrees to freeze theirs. The key to any production freeze, once again, comes down to […]

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Overshadowed. The Energy Report 09/22-16

On September 22, 2016 - 7:37 AM By

The oil market overshadowed the “transparent” Fed with a spectacular drawdown in crude oil inventory. Also signs that OPEC is close to a deal to freeze production and an oil worker strike in Norway all added up to a volitive day in energy. Despite the Fed rhetoric about making sure traders knew that this was […]

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Formal Affair. The Energy Report 09/21/16

On September 21, 2016 - 8:30 AM By

I’m putt in’ on my top hat, tyin’ up my white tie, brush in’ off my tails. I’m dudin’ up my shirt front, and putt in’ in the shirt studs, polish in’ my nails. I’m stepping’ out, my dear, to breathe an atmosphere that simply reeks with class. And I trust that you’ll excuse my […]

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Searching So Long. The Energy Report 09/20/16

On September 20, 2016 - 7:46 AM By

Search so long to find an answer. Will the Federal Reserve have one? Oil, like every other market, is chopping around waiting for the Federal Reserve decision on interest rates. While it seems unlikely they will raise rates, the suspense has been killing liquidity in the market. Oil prices swing on obscure headlines and sometimes move […]

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Do you remember on Friday when traders were saying that they were selling oil because of the impending resumption of Libyan oil exports? They were saying this despite that fact that Libyan Gen. Khalifa Hifter had taken control of Libya major oil ports from the U.N. brokered Libyan government. Well those hopes were dashed after […]

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RBOB ROCKED. The Energy Report 09/16/16

On September 16, 2016 - 7:28 AM By

RBOB gasoline futures rose to the highest level since June, giving some support to oil that is suffering from seasonal weakness and concerns about oversupply. Price spikes along the East Coast are inevitable as cash buyers scramble to secure supply. Oil is also worried about the resumption of Libyan oil exports even as group led […]

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Quick Draw. The Energy Report 09/15/16

On September 15, 2016 - 9:13 AM By

Oil prices saw a quick reaction after the Energy Information Agency (EIA) showed a draw in a surprise drop in crude oil but fell sharply as traders mulled an increase is U.S. crude oil production as well as a colonial pipeline inspired increase in distillate stocks. Despite a big jump in Gulf Coast imports it […]

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Rebound Delayed. The Energy Report 09/14/16

On September 14, 2016 - 7:14 AM By

Oil prices are recovering after getting whacked from The International Energy Agency (IEA) report that lowered demand forecasts for the next two years. The reason we are rebounding is due in part to the American Petroleum Institute (API) who suggested that a rebound from the hurricane Hermine related drop may not happen as quickly as […]

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Trending Time With Gary Kamen!

On September 13, 2016 - 3:25 PM By

[PRICE Links Video] Senior Analyst Phil Flynn discusses Crude Oil, Stocks & The Fed, Currencies, Grains, where the big money is, and other factors currently affecting trends in futures with Gary Kamen of Trends in Futures! Special Offer: Phil has made it easy to grab a copy of Gary Kamen’s book “What Lies Beneath ALL […]

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Oh that “wobbling Asian demand.” That is the main reason the International Energy Agency (IEA) lowered their oil demand forecast by 100,000 barrels a day and lowered the boom on energy prices Tuesday morning. Of course maybe the report from the IEA was written before they saw the data on Chinese oil imports that hit […]

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Shaky. The Energy Report 09/12/16

On September 12, 2016 - 7:30 AM By

While the oil market is looking for supply to rebound this week, there is now rising concern about demand. With the Fed talking up raising interest rates and global central bankers questioning the effectiveness of monetary policy, it seems that there is not a lot of optimism in the global economy. That shakiness in global […]

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While everyone is rightly focused on yesterday’s jaw dropping inventory drop of 14.5 million barrels post hurricane Hermine drawdown, what was missed in the excitement was almost unprecedented demand. While Gulf Coast oil imports fell to a record low, refinery runs surged to an incredible 93.7% of capacity. Gasoline demand hit a record 9.59 million […]

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