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BY BARANI KRISHNAN | Reuters | Oil prices rose on Tuesday as investors anticipated a weekly drawdown in U.S. crude inventories that they hoped would boost prices closer to $50 a barrel, while a rally on Wall Street also lent support. “We’re gearing up on expectations that the wildfires in Canada may finally be showing […]

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Investor’s Business Daily via Bloomberg News | Oil dropped for a fourth day, the longest stretch of declines in more than a month, as producers in Canada worked to resume operations after wildfires and Iran continued to increase exports. July crude fell 0.7% in New York. Cooler weather is helping to control a blaze in […]

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Oil prices are struggling on short term fundamentals but we continue to get a disturbing outlook for our long term energy future. Weakness enveloped crude oil driving it down for the fourth day in a row on reports of oil disruptions getting back on line, yet a report from Rystad Energy says that global oil […]

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By Mark Shenk | Bloomberg | Oil dropped for a fourth day as producers in Canada worked to resume operations after wildfires and Iran continued to increase exports. July crude fell as much as 2.1 percent in New York. Cooler weather is helping to control a blaze in Canada’s oil-sands region and allowing Suncor Energy […]

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By TIMOTHY PUKO | The Wall Street Journal | Warmer weather forecasts boost expectations for demand. Natural-gas prices jumped to a 10-day high overnight as warmer weather forecasts boost expectations for demand. Natural gas for June delivery is up 3.5 cents, or 1.7%, at $2.097 a million British thermal units on the New York Mercantile […]

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Freeze This! The Energy Report 5/23/16

On May 23, 2016 - 7:30 AM By

Iran says it has no plans to freeze oil exports, causing weakness in the price of oil at the start of the week. Reuters quoted the Iranian Deputy Oil Minister Rokneddin Javadils as saying that, “Under the present circumstances, the government and the Oil Ministry have not issued any policy or plan to the National […]

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GILLIAN RICH | Investor’s Business Daily | Despite a decline in U.S. output, oil stockpiles keep rising — thanks to unabated production overseas — but a “serious” supply drop will be seen soon. On Wednesday, the Energy Information Administration reported a surprise inventory increase of 1.3 million barrels vs. forecasts for a decline of 3 […]

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Reverberations from the oil price crash continue as more bankruptcies and increased geo-political tensions are causing a seismic shift in the long term outlook for energy production. With mounting pressure on oil producing countries leading to civil unrest and more bankruptcies of highly leveraged oil companies, the bottom of the commodity cycle is well underway. […]

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Fed Flop. The Energy Report 5/19/16

On May 19, 2016 - 7:19 AM By

Oil prices were able to overcome a supply increase but were not able to overcome the Federal Reserve Minutes. The Fed sent the dollar on a tear because in the Fed minutes they said they wanted to send a message that a June interest rate increase was on the table. Oil had been rallying despite […]

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As oil prices hit another 7 month high on renewed concerns about risks to global supply, the question becomes whether shale oil producers can come to the rescue. Around the globe we are seeing the loss of millions of barrels of global production off line causing many to worry about the sustainability of production in […]

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BY DEVIKA KRISHNA KUMAR | Reuters | A rally in U.S. crude oil prices recently has put the market on its firmest footing since the rout started in 2014, with the spread between prices for near-term delivery and future delivery narrowing, suggesting the worst of the supply glut may be over. Oil prices in global […]

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Busting Out. The Energy Report 5/17/16

On May 17, 2016 - 7:19 AM By

It seems that oil is busting out of its bust cycle as the crash in oil prices has put a market that was seriously oversupplied back into a semblance of balance. The reason that we are seeing such a quick turnaround is an old story about how low prices cure low prices. Low prices have […]

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