Currently viewing the tag: "Phil Flynn"

By Barani Krishnan | Reuters | NEW YORK, Oct 30 (Reuters) – Oil prices closed down 1 percent on Thursday, resuming their downtrend after a two-day climb, as the dollar rallied on bets of a sooner-than-expected U.S. rate hike and traders placed little hope on OPEC cutting output at its November meeting. Both benchmark Brent [...]

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By Jesse Solomon | CNN Money | The price is not right for many oil rich nations. Oil is selling for roughly $83 a barrel on the global market. That’s bad news for Iran, Nigeria, Venezuela, Russia, and Saudi Arabia, among others. They need the black stuff to trade at far loftier levels in order [...]

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The Federal Reserve with its historic ending of quantitative easing seemed almost hawkish and perhaps a bit oblivious to the impact that the ending of QE might have on the Europe and the rest of the world. The Feds changing the wording about employment, one of the main criteria for raising interest rates, sent the dollar [...]

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Hellenic Shipping News | OPEC ‘s glory days of steering global oil prices may be at an end. U.S. shale oil will replace the Organization of the Petroleum Exporting Countries as the first-mover “swing producer,” according to a Goldman Sachs report from the weekend-meaning OPEC is losing its power to set global prices for crude. [...]

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The Oil Shot. The Energy Report 10/29/14

On October 29, 2014 - 7:36 AM By

While the U.S. gets ready to end QE it seems the U.S. is getting stimulated in a different way, courtesy of Big Oil. Consumer confidence soared as gas prices fell proving once again that the way to win the heart of America is cheap gas prices. In fact the Conference Board said consumer sentiment hit [...]

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By Elizabeth Douglass, InsideClimate News ‘There’s definitely going to be less money flowing into [oil stocks] than we’ve seen in the last couple years,’ says Phil Flynn, senior oil analyst. The recent dive in oil prices is undermining oil company earnings, projects and stock prices—at least for now—giving new ammunition to climate action groups pushing [...]

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As oil prices tried to bounce back from a five year low oil companies and OPEC try to adjust to low oil prices. BP earnings kick offed the big oil earnings season and they could have been worse. The company reported profits of $3 billion down from $3.7 billion from a year ago. Costs from [...]

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By Moming Zhou | Bloomberg West Texas Intermediate crude fell to the lowest in almost 28 months as Goldman Sachs Group Inc. joined other banks in lowering price forecasts amid concern supplies are outpacing demand. Brent slid for a second day. WTI will trade at $75 a barrel in the first quarter, down from an [...]

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Signs of Stress. The Energy Report 10/27/14

On October 27, 2014 - 7:36 AM By

While the Eurozone Bank stress tests seemed to come out better than expected, a drop in German business confidence is not exactly inspiring talk of explosive demand. The German IFO fell to 103.2 in October from 104.7 in September, a 6 year low. This comes as 25 of the 130 banks under the ECB stress [...]

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Oil Sick. The Energy Report 10/24/14

On October 24, 2014 - 7:59 AM By

Short term and long term demand fears sink oil making the charts look a little sick. Oil tried to rally only to fail in the face of weakling demand expectations and reports of Ebola in New York City. The market seemed to rally after a misinterpreted report on Saudi oil production. While the report suggested [...]

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  The Most Important Fuel? Natural Gas with Jim Nolan. [PRICE Links Video] Recorded 10/23/14 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 [...]

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Overcome. The Energy Report 10/23/14

On October 23, 2014 - 7:56 AM By

Oil prices tried to overcome a huge 7.1 million barrel increase in oil supply but could not in the face of another act of terror and fears of declining demand. U.S. oil production is showing no signs of slowing as production surged above 9 million barrels per day. This comes as refiners struggled as maintence and [...]

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