Currently viewing the tag: "The Energy Report"

Oil fails to hold a rally as Russian president Vladimir Putin says get ready for $40 a barrel oil and oil traders did. Putin in his marathon press conference yesterday that left many wondering what is less stable, Putin or the Russian economy?  The President stayed defiant against the West as the Russian economy continues [...]

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Oil on Balance. The Energy Report 12/18/14

On December 18, 2014 - 8:22 AM By

Fed Chairperson Janet Yellen tried to say that on balance that the drop in oil prices was a good thing. She said it was a net positive for the U.S. economy even if they weigh on inflation. “It’s good for families, for households. It’s putting more money in their pockets.”  Yet with all of the global [...]

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Not My Problem. The Energy Report 12/17/14

On December 17, 2014 - 8:22 AM By

Russia intervenes in the ruble to try to slow a currency meltdown, plunging oil prices cause stress in the credit markets, and deflation forces in the European Union and Asia threaten their financial stability. Of course as far as the Federal Reserve Board is concerned, well it’s not their problem. The Federal Open Market Committee is [...]

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If falling energy prices are such a good thing for the global economy then why are we seeing so much turmoil?  Oil prices continue to plunge as Russia hikes interest rates to 17% and China’s manufacturing sector slips into contraction falling to 49.5. Deflation fears in Europe rise as UK CPI fell to 1 percent [...]

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Oils Well That Ends Well. 12/15/14

On December 15, 2014 - 7:29 AM By

Falling rig counts and a shutdown of a major Libyan oil port is slowing the oil market breakdown despite OPEC showing no signs of changing course on oil output as they target U.S. Shale producers.  After spiking to new lows overnight oil is trying to mount a comeback as Libya’s eastern Al-Sider oil export port [...]

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Philosophers across the span have over timepondered the great mysterious questions in the universe like which came first, the chicken or the egg?” or is Razzle’s a candy or a gum? Well market philosophers and oil traders are asking the question “is the selloff in oil a supply or demand issue? Overnight there is evidence [...]

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Why Should I Cut? The Energy Report 12/11/14

On December 11, 2014 - 7:34 AM By

Saudi Oil minister Ali Al-Naimi showed his total disregard for the global economy when asked why Saudi Arabia won’t cut production. Al-Naimi said in grand Mr. Potter fashion “Why should I cut production? This is a market and I’m selling in a market.” He might as well have said that if the Saudi Economy is [...]

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A big spike in gold prices and continued weakness in oil is sending warning signs about the health of the global economy. As China reported, its consumer price index rose only 1.4 percent last month, the slowest pace in five years and global deflation fears are mounting. A snap election in Greece is causing turmoil [...]

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Price War Expands. The Energy Report 12/9/14

On December 9, 2014 - 7:44 AM By

This is becoming a word wide oil price war. Oil prices accelerated losses to a 5 year low after Iraq slashed prices for its oil. Iraq cut the price for Basra light at the lowest price in 11 years to a $4.00 a barrel to the Oman/Dubai benchmark local benchmark. This comes after the Saudi [...]

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While oil prices continue to plummet because of the OPEC price war, already we are laying the groundwork for the next oil crisis rally. The break in oil prices is putting on hold many oil projects that were planned to meet the demand of the future.Last week a report said that over 150 billion dollars’ [...]

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Saudi Arabia launched a third wave attack in its oil price war with the U.S. shale oil producer. First they cut prices, then they refused to cut production, then they cut prices again. Oil prices fell when Saudi Aramco the state owned oil company showed no sign of retreat when it  cut its price on [...]

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The Oil Dilemma. The Energy Report 12/4/14

On December 4, 2014 - 7:47 AM By

Are falling oil prices a good or bad thing? The Saudi oil price war is raising those questions as they cut the selling price to Asia and say they think oil will stabilize at $60 a barrel which may become a self-fulfilling prophecy. While the European Central Bank and its Chief Mario Draghi will try [...]

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