Currently viewing the tag: "The Energy Report"

No Nukes? The Energy Report 3/27/15

On March 27, 2015 - 7:27 AM By

One of the next critical issues for oil will be whether or not the world will lift sanctions on the Iranian regime. The reason it is so critical is that while Iran has been thwarted from selling its oil, once the sanctions are lifted the market has been pricing in a quick return of Iranian [...]

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Remember those predictions of $20 a barrel oil and $10 a barrel oil? Forget about it! Oil prices have turned the corner after Saudi Arabia launched airstrikes against Iranian backed Shiite rebels putting about 3.5 million barrels of oil exports at risk. Remember hopes that we would get a deal to lift sanctions on Iran [...]

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Oil is dollar dazed and confused as it tries to determine whether it should focus on current oversupply, the dollar, or the prospect of better demand in Europe after more strong data out of Germany. Brent crude has additional challenges as it tries to assess rising geo-political risk. The latest worry is the President of [...]

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Ultra bears are starting to change their tune on oil as weak Chinese manufacturing data and strong manufacturing data in Germany both point to better demand. China’s demand may rise as the Chinese government will be forced to act swiftly to reach their growth target and should soon add stimulus increasing oil demand. Factory activity [...]

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Oil Prices are falling in part because of comments from Saudi Araba and partly because they really have nothing much else to do. Saudi Arabia is pumping over 10 million barrels of oil a day and says that they will not cut production unless other producers do so as well.  Saudi oil minister Ali al-Naimi [...]

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March Madness. The Energy Report 3/20/15

On March 20, 2015 - 7:40 AM By

We are now into March Madness.  Not the basketball thing but refinery maintence season when refiners are retooling and get ready for the upcoming summer driving season and rebuilding those much beloved summer time blends of gasoline. It is also the time that both oil and gas prices bottom from a seasonal perspective so if [...]

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You can’t fight the Fed even as oil supply rises to an all-time high. Federal Reserve Chairperson Janet Yellen rocked king dollar and just because the Fed dropped the word patience, as Janet says, does not mean that they are going to be impatient.  If the Fed backs off the perception of a rate increase [...]

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Genscape hit the Cushing builds on the head as oil flirts once again with bear market territory. The API confirmed the Genscape Cushing Oklahoma build at least as reported by the American Petroleum Institute as they confirmed a 3 million barrel increase in the Cushing delivery point. Yet at the same time in a “special [...]

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The Federal Reserve starts its two day meeting today and what they do could determine oil’s ultimate fate. The Fed has made oil go up with QE 1 and QE 2 and QE 3 and are helping it go down as it threatens to raise rates while the rest of the globe is going in the [...]

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Retest! The Energy Report 3/16/15

On March 16, 2015 - 7:49 AM By

Oil prices are retesting the January 29th low as seasonal weakness strikes just as the dollar soars and fears about storage capacity rise. With the dollar under assault and the International Energy Agency doing a great job representing consuming nations brought the fears about maximum storage to a whole new level. Oil is also under [...]

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Glut Rut. The Energy Report 3/13/15

On March 13, 2015 - 7:31 AM By

Worries about the growing oil glut in the U.S. are reaching a fever pitch as the International Energy Agency is warning they will continue to build inventory and that prices could once again fall. Oil futures lost ground after Genscape, the private forecaster, reported that over 2 million barrels of oil went into the NYMEX [...]

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Global central bank easing is giving Brent Crude a leg up on West Texas Intermediate (WTI).  After oil prices shook off a rally in the dollar to stage a late day rally the spread between Brent and WTI continued to widen. One reason was a neutral to friendly Energy Information Administration supply report that came [...]

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