Currently viewing the tag: "Phil Flynn"

New York (Platts) Oil futures settled lower Monday in New York after Saudi Arabia’s oil minister Ali al-Naimi was reported as saying the kingdom will maintain its crude production at around 9.7 million b/d despite low prices, and could even increase production.ICE February Brent settled down $1.27 at $60.11/b. Front-month NYMEX crude ended the session [...]

Continue Reading

Oil prices resume fall after OPEC comments

On December 22, 2014 - 4:12 PM By

By Sara Sjolin | MarketWatch Oil prices slumped again on Monday, as comments about maintaining production from several OPEC ministers sparked a renewed selloff. Saudi Energy Minister Ali al-Naimi said the Persian Gulf nation will maintain its oil production and may even increase it if a new client emerges. The comment is the latest signal [...]

Continue Reading

Merry Christmas: Gas Prices At Five-Year Low

On December 22, 2014 - 11:47 AM By

CHICAGO (CBS) – Drivers preparing to hit the roadfor the holidays were being greeted with a lovely Christmas gift this week: gas prices hovering at a five-year low. “It’s a nice Christmas present for most of America,” said Phil Flynn, senior energy analyst at The Price Futures Group. The Lundberg Survey found gas prices have plunged 25 [...]

Continue Reading

Let It Flow. The Energy Report 12/22/14

On December 22, 2014 - 7:43 AM By

Oh the oil price drop is frightful but the gas price so delightful. Since OPEC share is low, they let it flow, let it flow, let it flow. The gas price keeps on dropping, even though Friday was popping. The oil demand is real low. Let it flow, let it flow, let it flow. They [...]

Continue Reading

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 [...]

Continue Reading

  Behind The Scenes With Fox Business Network Producer Ellie Heckman! [PRICE Links Video] Recorded 12/18/14 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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

  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 [...]

Continue Reading