Currently viewing the tag: "The Energy Report"

Holes continue to be poked in the U.S. oil export ban as an abundance of U.S. oil makes it more likely that oil will go elsewhere. Genscape Vesseltracker reported that Alaskan crude oil has been exported outside of the United States since 2004. This is another step in lifting the 1970’s oil ban that already [...]

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Arctic Windfall. The Energy Report 9/29/14

On September 29, 2014 - 7:52 AM By

Russia’s Rosneft in partnership with Exxon-Mobil corp. announced a massive discovery of a well that may contain close to a billion barrels of oil in Arctic! The find could rival the amount of oil in the Gulf of Mexico and already Russia is using this find to try to convince the US to lift sanctions [...]

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Gas U-TURN. Energy Report 9/26/14

On September 26, 2014 - 8:31 AM By

The New Era in Low Gas Prices has taken another slight U turn. Just as gas prices were plummeting across the nation refinery problems and a squeeze play may show the march to below $3.00 a gallon across parts of the nation. While the big picture on gas prices is still bearish in the short [...]

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While the world starts to understand that behind the evil behind ISIS there is also another element to it, greed. US airstrikes hit mobile oil refineries in Syria that was help fund the terrorist group. Ideology is always best suited when it is being funded with oil and to strike at these mobile units is [...]

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Brent Crude. The Energy Report 9/24/14

On September 24, 2014 - 7:39 AM By

Brent Crude is weighing down the complex as weak comic data in Europe is overshadowing the shock value of airstrikes in Syria. The German IFO Index and the fact that the World Bank is lowering Russia growth prospects make Brent look heavy especially with Libyan oil from its largest oil field back on line. Libyan [...]

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Air Strikes in Syria. The Energy Report 9/23/14

On September 23, 2014 - 7:42 AM By

Air strikes in Syria and economic data is giving oil and other commodities a ride. Geopolitical risk stories are coming faster that the speed of light so too is evidence that the global economy is stagnating. While manufacturing data in China was better than expected, weaker data in Europe is really disturbing. There is a [...]

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China U Turn. The Energy Report 9/22/14

On September 22, 2014 - 7:32 AM By

Last week China juiced up their banks with 81 billion in a massive stimulus but don’t get used to it. Over the weekend China’s Finance Minister Lou Jiwei said that China will not make major policy adjustments due to a change in any one economic indicator. These comments have put a damper on global stock [...]

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France launching airstrikes against ISIS and production issues in Libya and Nigeria may buy the cartel some time before having to mandate production cuts. OPEC is feeling the pain of lower prices and Saudi Arabia has already reduced production yet is seems that with demand faltering and the dollar rising prices look to continue lower. [...]

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6 degrees of separation is the theory that everyone and everything is six or fewer steps away, by way of introduction, you can be connected to any other person in the world. It kind of works that way in interest rates as well. What the fed does will impact at least 6 other countries and impact [...]

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There is a new phase to the business cycle. Trough, leak information, then print money and modest revovery… Yesterday commodities and stocks came alive after the Wall Street Journal leaked that the Federal Reserve most likely maintains its “considerable time” language in its policy statement. Oil was already in rally mode as OPEC warned of a [...]

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Shoulder Season. The Energy Report 9/16/14

On September 16, 2014 - 7:46 AM By

Shoulder season, the weak demand period for oil has hit like a vengeance. The Brent Crude fell against the WTI as the demand outlook for the US looks better than the rest of the world. Not even the fact that the US is dropping Bombs in Iraq on ISIS was enough to give the market [...]

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After China’s Industrial production number hit 12 year low oil traders have to ask themselves where the demand is going to come from. More worries about a slowing global economy and worries that more sanctions on Russia are going to make things worse is adding to the downward pressure on oil. OPEC countries will also [...]

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