Currently viewing the tag: "The Energy Report"

The oil trade has become tedious with a bigger dose of monotonous heaped inside. Not even another conflict with Iran or a drawdown in oil inventory could wake this boring market up out of its tedious movements. Perhaps that may change as the dollar is springing back to life and we get oil inventories and […]

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Crude oil prices are dead with rig-or mortis or the adding of oil rigs weigh on market sentiment. Shale producers are expected to continue leverage up to the hilt with some producing the type of oil that no one really wants with hope that prices do not crash and drive them into bankruptcy. The confidence […]

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Viva La Oil. The Energy Report 04/24/17

On April 24, 2017 - 7:37 AM By

Oil prices are creeping back as global markets breathe a sigh of relief in the aftermath of the French elections. Crude oil sold off hard on geo-political risk and the perception that U.S. oil production is going to offset OPEC production cuts even if it’s not true. Of course the market believes it, at least […]

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Oil is struggling to find direction in the aftermath of the French terror attack, worries about the French election and the direction of U.S. tax reform. Crude oil is on track to have its worst week since March even as reports that petroleum demand in the U.S. is at its best level since the financial […]

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Saudi Arabia is trying to talk up the markets saying an output extension is all but done after yesterday’s supportive oil supply report failed to get us to the next level. There was a 1.0 million barrel draw down in oil inventory overall and in Cushing, Oklahoma the inability of the market to move higher […]

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In the U.S. overall petroleum inventories continue to fall as the petroleum oversupply drain game has begun. Not only did we see the API report an 840,000 barrel drop in crude oil inventory but also a 1.8 million barrel drop in distillate inventory offsetting a surprise 1,347-million-barrel increase in gasoline inventory caused another drop in […]

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Dollar Drivel. The Energy Report 04/18/17

On April 18, 2017 - 7:27 AM By

Strong dollar or weak dollar, take your pick. The dollar took a break last week after President Donald Trump said that the dollar was too strong. U S. Treasury Secretary Steven Munchkin told the Financial Times a strong dollar was a positive in the long term. Overall this did not help the mood of the […]

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Mario Draghi had his moment when he said he would do whatever it takes to save the Euro. Today Saudi Arabia’s energy minister Khalid al-Falih said that OPEC and non-OPEC will do whatever is necessary to balance the oil market. The words so far have had less impact on the market than Drahi’s declaration did […]

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While the energy markets are focused on crude and crude alone, the total U.S. petroleum stocks have been tightening more significantly. The Energy Information Administration (EIA) reported that the total commercial petroleum stocks fell 4.7 million barrels compared to a 6.9 million barrel increase a year ago. In fact, if you compare year over year […]

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How of you get rid of an oil glut. How about a 104% solution. OPEC reportedly not only adhered to their agreed upon production cuts, but in March their compliance rate came in at an astounding 104%!  Russia also vowed to be 100% complaint by the end of the month shocking most of the OPEC […]

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Many oil analysts have done a disservice to the average American that is more impactful to gasoline prices than the supply of crude. Talk a year ago that we were in an era of low prices for eternity and that oil might never trade above $40.00 a barrel again, was wrong. Many have doubted OPEC’s […]

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Rising geo-political tensions and a tightening global supply outlook is supporting oil. The strength comes even as the dollar is higher, being supported by risk aversion. Syria and North Korea concerns and terror attacks on innocent Coptic Christians in Egypt is raising concerns of conflict that could impact oil supply. Yet while many continue to […]

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