Currently viewing the tag: "The Energy Report"

Ultra Bears missed out on the biggest string of gains in the history of the oil market, or at least since 1983 when they  began keeping records. The reason they missed out was failing to understand the gravity that the last November oil price crash had on the fundamentals of this market. That price crash [...]

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Now it seems that we may have some better insight as to why ECB official, Benoît Coeuré, is talking about front loading its quantitative easing (QE) program. It is because growth in the Euro Zone is weakening. The early onset of QE and QE expectations gave the Euro-zone economy a much need boost, especially in [...]

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While oil prices got hit hard after the ECB changed to rules on their Quantitative Easing (QE) program, the market is coming back on signs that the U.S. oil surplus could be abating. The American Petroleum Institute in the for subscribers only report showed that U.S. crude supply fell by a much more than expected [...]

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Oil prices are coming under pressure as an ECB bank official say that the ECB should “front load” quantitative easing right away to stimulate seasonal weakness in the economy. Benoit Coeure, an ECB executive board member, said the central bank will “frontload” its asset purchases in May and June to maintain its monthly average of [...]

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Oil rises as Ramadi falls as this markets price action continues to defy the calls for an oil price crash. ISIS forced Iraqi security forces to flee the largest province in Iraq despite help from U.S. air support. Yet Iraq is far from the only geopolitical risk for oil as Saudi Arabia and it coalition [...]

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While the bearish oil traders have been missed out on a rally for almost $20 a barrel, they are now doubling down on their bearish calls .This comes after today may set a near record 9th week of gains for the most consecutive weekly gains in at least 30 years. Yet despite that prices run [...]

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WAR IS OVER. The Energy Report 5/14/15

On May 14, 2015 - 7:03 AM By

War is over if you want it! At least that is the talk in the energy complex where Saudi Arabia declared a price war against the shale producers at the November OPEC meeting. That day and the day after I wrote that that the Saudi declared a price war when they did not cut production [...]

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With the recent rebound in the price of oil I am reminded of the famous quote by legendary trader Paul Tudor Jones that prices move first and fundamentals follow. That is why many missed the bottom of the oil market and why many oil bears are still astounded that prices continue to move higher, but [...]

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Oil at 60. The Energy Report 5/12/15

On May 12, 2015 - 7:28 AM By

Can oil find stability as it looks poised to retest $60 a barrel? Oil prices are rising again as the dollar weakens a bit and signs that U.S. Shale output is falling continues to support prices. There are reports of more Saudi-Led air-strikes in Yemen ahead of what is supposed to be a 5 day [...]

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China’s economy is slowing but they are buying oil like it’s going out of style. We have said that oil demand would exceed expectations with global economic stimulus and that is exactly what is happening. China cut rates by a quarter point over the weekend for the third time in the last 6 months to [...]

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Profit taking continued in the oil market as U.S. demand seemed to slow and a surging U.S. dollar shook out some longs oil. The market also seemed concerned about comments coming out of Iran promising that if sanctions are lifted they could double output and the Saudis promised a pause in Yemen bombing. Yet reports [...]

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Oils upward momentum slowed after the Energy Information Administration supply report and as the global stock markets sold off. The EIA did report the first drawdown in oil inventories in 17 weeks but not all of it was in the right places. Crude inventories fell by 3.9 barrels in the latest week but the In [...]

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