Currently viewing the tag: "The Energy Report"

9 Million Reasons. The Energy Report 02/24/17

On February 24, 2017 - 8:13 AM By

There are 9 million reasons to get excited about the U.S. energy industry as U.S. oil production got back over 9 million barrels a day last week and U.S. energy exports are at a modern record all-time high. Still, oil prices closed at the highest level in 19 months as the uptick in production is […]

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Peak Oil. The Energy Report 02/23/17

On February 23, 2017 - 8:06 AM By

Oil is rising on peak oil concerns. OK, not the old failed ideology of “peak oil” but the fact that U.S. oil supply in the U.S. may have peaked as well as Exxon Mobil’s proven reserve. The American Petroleum Institute (API) in their weekly report said we had the first crude oil drawdown of the […]

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Nat Gas Cracked! The Energy Report 02/22/17

On February 22, 2017 - 8:22 AM By

Its February 22, 2017 and I am not wearing a coat to work! In Chicago for heaven sakes!  Do I need to explain any further why natural gas prices got pummeled! Temperatures that are more in line with spring or summer has save this market from what was a structural shortage. Now because Mother Natures […]

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The crude oil price broke out to the upside as European Union manufacturing data stunned analysts and give us a surge in oil. The February PMI gauge of Euro zone manufacturing activity came in at 56.0, compared to 54.3 that was the expected read. The rally happened despite a roaring dollar that was pumped on […]

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Gluts and Cuts! The Energy Report 02/17/17

On February 17, 2017 - 7:50 AM By

Oil prices are hanging in a tight trading range as the market tries to balance record U.S. petroleum inventories versus an outlook for a global tightening of supply as OPEC lays the groundwork for an extension of production cuts. The U.S. supply glut, while at a record high, looks smaller if you put it into […]

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Sometimes I get pop ups when I am mentioned in a news article on Google or Facebook. A radio Interview that I did one year ago to the day today on the Wall Street Journal radio network, was a reminder on how far oil prices and the economy has come in just one year. Even […]

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A New Day. The Energy Report 02/15/17

On February 15, 2017 - 8:30 AM By

It is a new day for oil as it tries to adjust for another big increase in overall crude oil inventories, a more hawkish Fed Chair Janet Yellen and the impact of President Trump’s executive order to roll back commodity regulations that have helped foreign oil companies prosper at the expense of U.S. oil companies. […]

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Feeling the Love! The Energy Report 02/14/17

On February 14, 2017 - 7:37 AM By

OPEC members are feeling the love as most OPEC members say they are surprised by how good compliance has been. Still if you look at the OPEC report it seems that some numbers don’t quite add up. The so called secondary sources came in with only a 74% compliance rate as opposed to the 91% […]

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Crude oil dynamics are changing as rig counts rise, oil discoveries fall and OPEC compliance to production cuts are at an all time high. Despite short term worries about a U.S. glut, global oil inventories are on a path to a major tightening scenario and shale oil production alone will not change that. While the […]

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Phenomenal Friday! The Energy Report 02/10/17

On February 10, 2017 - 7:15 AM By

The best OPEC compliance EVER! Phenomenal! Tax Cuts! Phenomenal! It is a phenomenal Friday! Not only is OPEC compliance of production cuts the best-ever per a report by the International Energy Agency, President Donald Trump is promising a phenomenal tax cut plan and that drove U.S. stocks to records and increased already increasing demand expectations […]

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Strategic Move. The Energy Report 02/09/17

On February 9, 2017 - 7:41 AM By

A 13.2 million barrel oil supply build! Where is all that oil coming from? Oil prices and RBOB gasoline prices are rebounding after the Energy Information Administration (EIA) reported that there was a reclassification of oil supply because of a big sale from the Strategic Petroleum Reserve (SPR) and a jump in weekly gasoline demand […]

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Oil prices are getting hit on conflicting data that on one hand the Energy Information Administration (EIA) is showing that global oil inventories are tightening sooner than it previously expected but on the other hand, blindsided by a weekly report by the American Petroleum Institute (API) that showed U.S. crude supply increased by a stunning […]

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