Currently viewing the tag: "Phil Flynn"

By Moming Zhou | BloombergBusinessweek Crude oil resumed its slide toward the lowest level in five years on concern a supply glut will worsen. Trading volatility for both Brent and West Texas Intermediate increased to a four-year high. Saudi Arabia, the largest producer in OPEC, will stick to its policy to maintain output, Oil Minister [...]

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By Oheneba Ama Nti Osei | The Africa Report The Africa Report reviews trends in the commodity sector to see which prices will rise and fall in the year ahead, as forecasts point to a global oil surplus. The price of oil in 2015 depends on how high the US can ramp up its shale [...]

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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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By Moming Zhou | BloombergBusinessweek Crude futures rebounded with stocks after a market selloff prompted by concerns over rising supply and weak demand growth took a pause. Brent, the benchmark for half the world’s oil, advanced from a five-year low. West Texas Intermediate shrugged off an increase in supplies at Cushing, the delivery point for [...]

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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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  Talking RBOB Gas Futures with Frank Petricca. [PRICE Links Video] Recorded 12/16/14 Learn More about the Rogers International Commodity Index® (RICI®) You can reach Phil Flynn at (888) 264-5665 or pflynn@pricegroup.com View All of the PRICE Links Videos The PRICE Links Video Series gives you access to the minds of the industry’s top analysts [...]

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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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By BARANI KRISHNAN • Reuters NEW YORK • Crude prices came under renewed selling pressure Monday after OPEC said it would not cut oil output despite fears of a glut, and a UAE official opposed holding an emergency meeting of the producer group to fix prices. Benchmark Brent oil fell to nearly $60 a barrel [...]

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U.S. shale junk debt tumbles amid oil crunch

On December 15, 2014 - 3:27 PM By

By Collin Eaton | Via Fuel Fix HOUSTON – Prices for the risky corporate bonds that have fueled the U.S. shale energy boom are plummeting as oil prices have fallen below $60 a barrel for the first time in more than five years. The U.S. energy-sector’s high-yield bond prices, known as junk bonds because they [...]

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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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  Talking Coffee with Jack Scoville [PRICE Links Video] Recorded 12/12/14 Learn More about the Rogers International Commodity Index® (RICI®) You can reach Phil Flynn at (888) 264-5665 or pflynn@pricegroup.com View All of the PRICE Links Videos The PRICE Links Video Series gives you access to the minds of the industry’s top analysts that follow [...]

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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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