Currently viewing the tag: "The Energy Report"

All or Nothing. The Energy Report 11/28/14

On November 28, 2014 - 8:13 AM By

OPEC is all in and will continue to flood the globe with oil in an effort to bury the U.S. shale oil producer. OPEC will continue to produce over 30 million barrels a day adding to the globes 2 million barrel a day overproduction. Ali Naimi, the Saudi oil minister, must have made an incredible [...]

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A Fly in the Oil. The Energy Report 11/26/14

On November 26, 2014 - 8:51 AM By

A funny thing happened on the way to the OPEC meeting.  In a pre-meeting between Saudi Arabia, Russia, Mexico and Venezuela where it was expected that the countries were on the way to finalize a deal to cut production it all somehow fell apart. The announcement that no deal was forthcoming was made by non-other [...]

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A Cut Above. The Energy Report 11/25/14

On November 25, 2014 - 7:54 AM By

While it appears that OPEC indeed is going to get a deal on a production cut already the markets are questioning whether it is going to be enough. The talk is that OPEC as a cartel is going to cut production by 1 million barrels a day at their meeting November 27th. Non-OPEC producer Russia, [...]

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Cut or Not to Cut. The Energy Report 11/24/14

On November 24, 2014 - 7:55 AM By

To cut, or not to cut, that is the question—whether ’tis Nobler in the cartel to suffer the slings and pains of outrageously low oil prices  to try to undermine the U.S. shale oil producer or to cut production and risk losing market share forever. For oil this week it is all about OPEC and [...]

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As OPEC is getting ready to meet next week in what will be their most important meeting in recent memory, it seems that global central bank actions may be doing some of the heavy lifting to support global oil demand expectations.  Not only do you have China pumping a reported 50 billion yuan or the [...]

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Fed Steam Ahead. The Energy Report 11/20/14

On November 20, 2014 - 10:06 AM By

The global economy is not the Feds problem, Oil prices railed into the Federal Open Market Committee (FOMC) minutes on concerns that the FED might be worried about the potential pitfalls of them exiting unconventional monetary policy while the rest of the global economy struggles. Yet oil then sold off as the FOMC clearly believes [...]

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The Keystone vote failed to pass the Senate so President Obama is again free to not make a decision. The President has not made a decision on the Keystone pipeline proposal that has been waiting for an answer since 2008. Before I thought it was for political purposes but now I think it is because [...]

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Oil prices are trying to find a reason to end the sell-off looking to global central banks to try to stimulate demand. After getting slammed day after day as the global economic outlook continues to weaken, oil will look to Japan and Europe to provide the support that the Organization of the Petroleum Exporting Countries [...]

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UK Prime Minister David Cameron Is seeing red lights and It’s not just Christmas lights. At the G-20 summit Cameron said that there are “red warning lights are flashing on the dashboard of the global economy” and that the crisis that brought the world to its knees may happen again. He said that “The eurozone [...]

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Oil prices plunged as U.S. oil producers proudly served over 9 million barrels of oil per day. In a historic milestone The Energy Information Administration reported that U.S. oil production went above 9 million barrels a day for the first time since 1983. If you want to know the main reason that oil prices have [...]

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What Price War. The Energy Report 11/13/14

On November 13, 2014 - 7:46 AM By

Poor Ali bin Ibrahim Al-Naimi the de facto leader of the OPEC cartel, he is not a bad guy, it seems he is just misunderstood. Al-Naimi helped break the oil market as hespoke at the Mexico Conference and gave no indication that he or his cartel would cut production. Al-Naimi said that the talk of [...]

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U.S. President Barack Obama announced what he called historic climate change agreement with Chinese President Xi Jinping that would cut both countries’ greenhouse gas emissions by close to a third over the next two decades. This was considered by some to be a face saving deal at the APEC trade summit in China.Under the deal, [...]

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