Currently viewing the tag: "The Energy Report"

Why do you build us up with oil cuts baby, just to let us down and mess us around. And then worst of all, you don’t extend production cuts when you say you will, but supply will fall still. Shale needs you to keep on drilling, we have known that from the start. So cut […]

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Is it time to play it safe? The Saudi oil minister Khalid Al-Falih said the safe bet coming out of the OPEC meeting today is a 9 month extension of the current 1.8 million barrels a day of OPEC and non-OPEC production cuts, yet the safe bet might not wow oil traders. Talk of an […]

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OPEC is getting ready to have a big party in Vienna as they hammer out an extension of the current OPEC agreement. While there has been some last minute negotiating by some players like Iraq, it is likely the deal will be extended by nine months. The Wall Street Journal is reporting the, “Ecuadorean Energy […]

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Oil prices came off the year high after a terror attack in England and as President Donald Trump continues to make history on his Middle East trip. First, President Trump cut a slew of business deals with Saudi Arabia and then he opened the door with a peace plan in Israel when he went to […]

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Get on the OPEC/non-OPEC bandwagon! All other OPEC members are on board for the extension of production cuts leading to speculation that even a bigger cut might be in the works. Saudi Arabia’s energy minister, Khalid A. Al-Falih, said all producers have agreed extending cuts by another nine months until global supply is back to […]

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Crude oil prices are playing the geo-political gyration game. Events in Brazil, Iran, Saudi Arabia, Venezuela and the United States have oil prices and traders trying to price in risk in a rapidly changing political world. Calls for impeachments, changing political relationships, elections, OPEC meetings, the list goes on and on. The world could look […]

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Oil is struggling even after the Energy Information Administration (EIA) reported the 6th drawdown in crude oil in a row and the fact that U.S. oil production dipped for the first time in 13 weeks. The bears argue that while we have seen declines they will have to be much larger to drain off excess […]

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Trumped Up. The Energy Report 05/17/17

On May 17, 2017 - 7:20 AM By

Global markets are in a tizzy because of concerns that the latest revelation that President Donald Trump may have “obstructed justice” by asking former FBI director James Comey to go easy on Thomas “Mike” Flynn the retired United States Army lieutenant general who was the first national security advisor appointed by President Trump. Apparently, there […]

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When will the global oil market get in balance? It already has and according to the International Energy Agency (IEA) that process is accelerating. The global oil market has achieved so called market balance but much work remains to reduce excess global oil supply. This report comes the day after OPEC and Russia said they […]

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Oil prices are soaring after Saudi Ariba and Russia said they have agreed to extend oil production cuts beyond the agreed upon deadline for another 9 months. That means both Russia and Saudi Arabia will extend cuts to March of 2018 at a time when we are seeing evidence that the prior cuts are just […]

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Can OPEC find love and happiness and balance in a world full of shale? The OPEC report is out. OPEC is getting ready to double down on production cuts as they raise their forecast for U.S. shale oil output.  This is unprecedented for the cartel to not only comply with cuts but maybe extend them […]

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Crude oil is leading the rest of the commodity complex out of the abyss as Energy Information Administration (EIA)data seemed to fly in the face of the bearish oil narrative. Even as U.S. oil production increased yet again and more oil was released from the Strategic Petroleum Reserve, old supplies fell. We also saw a […]

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