Currently viewing the tag: "The Energy Report"

Oils closed below $44.00 a barrel suggesting there are underlying weakness not only in the energy sector but in the global economy. It is becoming more clear the Brexit vote was just enough to slow demand
We saw that pain played out in BP earnings that saw their profits plunge by 45% as reefing […]

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Oil prices continue to feel pressure from a rising U.S. dollar and rising rig counts but the long  term  outlook for the global oil market is looking ever more scary. As the oil industry continues to contract, the investment in oil for the long haul continues to retrench. While we are focused on what we […]

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Oil prices are testing key support levels as they try to balance supply versus demand and demand expectations. Supply seems to be speaking for itself as combined, all U.S. crude oil and refined product stocks are at 2.08 billion barrels, an all-time high. But demand is near all-time highs as well. The American Petroleum Institute […]

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Oil prices gave up some oil inventory inspired gains after Japan said there is no chance Japan will resort to “helicopter money” bonds. Darn, I already thought they had. This comes against a backdrop of a state of emergency in Turkey that is raising concerns that Turkey may actually start moving away from the West […]

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Oil prices sputter into August crude oil expiration as volume dries up. The oil market seems to lack any real conviction as it faded to a 10 week low. The dollar is soaring to the highest levels since last March and that seems to be offsetting the fact that we saw another drop in U.S. […]

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Crude oil price fell as it became apparent that the failed Turkish coup would have little impact on key oil supply and pipeline routes and instead turned to worries about oversupply. With the post Brexit and now Turkey’s failed coup weighing on demand expectations, supplies look a lot larger. Oil sold off on a report […]

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Turkey Coup. The Energy Report 07/18/16

On July 18, 2016 - 12:53 PM By

As the news broke about the Turkey coup, oil prices shot up right before the electronic close on Friday. The reason is that Turkey is a key transportation hub for global oil supply. Close to 3% of the globe’s daily oil supply travels through the Turkish straits between the Black Sea and the Mediterranean. As […]

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The sick and twisted terror attack in Nice, France has put some pressure on oil overnight. France will go into lockdown mode as events surrounding the Bastille day holiday will be canceled, reducing travel and demand for oil. It is a travesty that we have to once again write how an evil act and its […]

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Oil prices gave up its 4% plus gain falling 4% plus on a report from the Energy Information Administration that put total petroleum inventories at an all-time high for this year. Even as oil rose a more than expected 2.546 million barrels a surge in distillates of a whopping 4.058 million barrels along with 1.213-million-barrel […]

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The Energy Information Administration, OPEC and the International Energy Agency all see the crude oil market getting in balance but the timing and the point at which we flip to a global supply deficit is up for debate. The International Energy Agency is fearful that we may be seeing demand start to be suspect while […]

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Oil prices are rebounding after getting smashed on Monday on hopes for more stimulus and some oil export issues in Iraq. On Monday oil had a hard time finding support as the dollar saw strong buying and a report by Plats that put OPEC production up 300,000 barrels last month to 32.73 million barrels of […]

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Risk on, risk off and risk all over the place. Crude oil prices are falling even as stocks fly in the aftermath of that blockbuster monthly jobs report. While stocks seem happy with the fact that the U.S. job market dismal numbers rebounded, many others are not so convinced our problems are behind us. Bond […]

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