Currently viewing the tag: "The Energy Report"

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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The only thing that the Organization of the Petroleum Exporting Countries “OPEC” has to fear is fear itself, that and declining demand, a rising dollar and the shale oil producer. While OPEC preached calm to its members, a rise in the dollar over shadowed geopolitical risk fears and winters early return causing oil to tank [...]

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Cold Wars. The Energy Report 11/10/14

On November 10, 2014 - 8:04 AM By

There are cold winds blowing across the energy complex and weather is only part of it. Oh sure winter’s early return is juicing the natural gas for its biggest string of up days in almost 14 years and oil is finding support as demand for diesel skyrockets and ahead of the polar blast, yet it [...]

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While petroleum products have to adjust to tensions between Russia and Ukraine, spot product shortages in parts of the Midwest, and the possibility of improved relations between Japan and China, OPEC has other problems. The Organization of the Petroleum Exporting Countries (OPEC) has to adjust to shale oil production that continues to rock their world. [...]

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Maybe crude might find its fall bottom even though its situation is tenuous at best. Crude rebounded because of some renewed geo-political threats as well as better than expected demand signs in the weekly Energy Information Administration (EIA) petroleum status report. The first story that turned oil around was a report of an explosion in [...]

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