Currently viewing the tag: "The Energy Report"

China Shot. The Energy Report 4/20/15

On April 20, 2015 - 8:11 AM By

Oil prices rally after China cut interest rates and U.S. Rig counts continue to fall. This comes after hedge funds put on the biggest bull position in 8 months. China made a big move aggressively cutting interest rates which will increase their demand for oil. The cut was one quarter of a percentage point and [...]

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Al Qaeda. The Energy Report 4/17/15

On April 17, 2015 - 7:56 AM By

Al Qaeda is back on the minds of energy traders after they took control of the major Riyan Airport and the Dhabah oil terminal on the Arabian Sea coast, which is in the southern part of Yemen. Oil prices surged on the uncertainty as the group “Al Qaeda in the Arabian Peninsula” known as AQAP, [...]

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OPEC says that U.S. oil production will fall while demand for its oil will rise. That is the latest prediction from the OPEC oil cartel that seems to be winning the production war against the U.S. shale producer. OPEC is raising the demand for their crude to an estimated 29.3 million barrels a day for [...]

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10 years ago almost to the day Matthew Simmons wrote his iconic peak oil best seller “Twilight in the Desert” with the premise that that Saudi oil and oil production globally could soon approach a serious, irreversible decline. U.S. oil production was already falling and if the Saudis had peaked the global economy was getting [...]

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Pipeline Pop. The Energy Report 4/14/15

On April 14, 2015 - 7:39 AM By

Distillates led the pack after a Colonial distillate pipeline sprang a leak and the talk that U.S. oil output has peaked gave oil a boost. Saudi Arabia is trying to take credit for extending the shelf life of the oil era while OPEC asks Non-OPEC producers into joining them to control oil prices. The momentum is [...]

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China Exports. The Energy Report 4/13/15

On April 13, 2015 - 7:42 AM By

China exports plunge 15 % giving oil bulls another reason to be long. With the latest number signaling that China’s economy could see its growth fall below 7% and is in desperate need of more stimuli, oil is getting a boost on the expectations of more easing. This comes as U.S. Baker Hughes rig count cuts [...]

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Iran Sham. The Energy Report 4/10/15

On April 10, 2015 - 7:16 AM By

Details just details. Oil prices rallied after Iran’s Supreme Leader Ayatollah Ali Khamenei and President Rouhani made some comments that make it look like the wood is coming off of the “framework deal”.  They seem to be taking exception to those pesky little weapons inspectors and demanding that when the deal is signed an immediate lifting [...]

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Is the U.S. increasing its reliance on foreign oil? Well it seems last week did. Despite the glut of crude oil in the U.S. we decided to import the most oil we have all year leading to a stunning 10.9 million barrel increase in crude oil supply leading to the most oil in inventory since [...]

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Peaked Oil? The Energy Report 4/8/15

On April 8, 2015 - 7:47 AM By

Peak Oil is back at least for now! U.S. oil futures soared after he Energy Information Administration (EIA) acknowledged that U.S. oil output will fall despite earlier predictions to the contrary only to fall back after the American Petroleum Institute reported a 12.2 million barrel increase in crude oil supply. The market seemed to ignore [...]

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Oil prices are pulling back a bit after the best rally in 2 months, yet bears are still stunned by the recent strength of oil. The truth of the matter is that there are plenty of reasons to be bullish. Not only are we seeing signs that demand is improving as the Saudi’s raise Asian [...]

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Ultra bears are throwing in the towel as a bottom in oil is starting to develop.  Oil prices soar after a dismal jobs report and signs that demand in Asia are improving not to mention the hopes of a quick return of Iranian oil to the market is off the table. Hedge fund and speculators [...]

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Maybe rig count cuts matter after all? Market bottoms are usually formed after a price drop cuts into production and investment at a time when low price creates more demand. That looks like the scenario in oil. The Ultra-Bears are now focusing less on fears that storage capacity will run out and now pinning their [...]

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