Currently viewing the tag: "Phil Flynn"

Yep, $10 per barrel crude oil tax equals a failed energy policy and a direct attack on the U.S. energy industry. President Obama, desperate to leave a market on his legacy, is proposing a $10 a barrel oil tax that may force many U.S. oil companies out of business. Obama says the tax is for […]

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By Mark Shenk | BloombergBusiness | Oil traded near $32 a barrel in New York as the highest U.S. supplies in more than 80 years weighed down optimism over a weakening U.S. dollar’s ability to bolster demand for commodities. West Texas Intermediate crude fluctuated after Wednesday’s 8 percent gain. The Bloomberg Dollar Spot Index, which tracks the […]

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The Gang of 6. The Energy Report 2/4/16

On February 4, 2016 - 7:50 AM By

The possibility of some type of OPEC summit is back in play. Venezuela reportedly has put together a gang of six, OPEC and non -OPEC members that will supposedly meet to try to cut production. While the group does include major oil producers like Russia and Iran, the problem is it will not include Saudi […]

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For oil producing countries and oil companies the moment of truth is at hand as the consequences of crashing oil prices cannot be ignored. With the possibility that Exxon Mobil will see its debt rating downgraded and the Russia oil minister saying his open to more talks with OPEC, you know that the end may […]

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Downgrades. The Energy Report 2/2/16

On February 2, 2016 - 8:46 AM By

Oil price doom and gloom is keeping International Monetary Fund director Christine Lagarde awake at night. The myth that low oil prices are always a positive for the economy is being shattered with fear that the crash in oil could bring down the economies of producing nations, big oil companies and the global economy. Standard […]

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Pain and Gains. The Energy Report 02/01/16

On February 1, 2016 - 9:27 AM By

How much pain can oil producers take? Even as OPEC production hit at least a 20-year high climbing to 33.113 million barrels a day, there are signs that OPEC may be ready to cry uncle. While rumors of an OPEC/ non-OPEC summit are being downplayed, at this point it as clear that oil producers can’t […]

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Are we headed towards a truce in the Saudi led OPEC production war? To meet or not to meet, or just say you are going to meet. Maybe it does not matter. Oil prices soared after there were rumors of an OPEC/ non-OPEC summit. The rally was inspired by comments by Russian Energy Minister Alexander […]

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It seems everyone is getting ready to capitulate. The Federal Reserve, U.S. shale producers and even Russia and OPEC. Oil prices are almost 21% from the capitulation low as there are signs that U.S. oil output is peaking and talk of an OPEC/non-OPEC summit is gaining some traction even as it is being met with […]

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Every time oil tries to look to the future it gets blindsided by the present. Oil futures gave up its gains after the American Petroleum Institute (API) reported that U.S. crude supply increased by 11.4 million barrels in the latest week. This number was a reminder of the global glut and the fact that refinery […]

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A Rare Bull! [PRICE Links Video]

On January 26, 2016 - 12:41 PM By

PRICE Links Video Series Senior Analyst Phil Flynn discusses potential catalysts which could stabilize oil prices and drive them back to $50-$60 a barrel by year end with fellow-bull Gary Kamen of Trends in Futures. Recorded 1/26/16
Past performance is not indicative of futures results.
Futures and options trading involves substantial risk […]

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Shake It Off. The Energy Report 1/26/16

On January 26, 2016 - 7:42 AM By

Oil is trying to shake off weakness in the Asian stock markets after China’s General Administration of Customs reported that China’s December crude imports increased by 9.3% over a year ago, sucking in about 33.2 million metric tons of oil. Also a hint that Saudi Arabia and Russia might be warming to an idea of […]

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Oil prices are pulling back after the biggest 2-day rally since 2008 due to concerns that the monster snowstorm out east will zap demand. While most New Yorkers are trying to find their car, it is clear that demand will be impacted negatively. All across the East Coast demand has been hit by this historic […]

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