Currently viewing the tag: "Phil Flynn"

By Moming Zhou |  July 31, 2014 | BloombergBusinessweek West Texas Intermediate crude headed for the worst monthly loss since October as U.S. gasoline demand slipped and as a strong dollar weighed on commodities. Prices dropped for a fourth day. Four-week average gasoline use was the weakest for this time of year since 2012. The [...]

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Oil prices are taking a hit as demand worries are starting to take its toll on the energy complex. Not only did we see weak demand in yesterday’s Energy Information Administration weekly report economic slowdown fears are taking hold. The US GDP was not all it was cracked up to be. Even after beating the [...]

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(Kitco News) – Analysts are describing a policy statement from the Federal Open Market Committee Wednesday as mostly neutral for gold although perhaps mildly supportive in the short term. The market barely budged after the Fed communiqué was released at the end of its two-day meeting, with policy-makers continuing to taper the bond-buying program known [...]

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By Lorenzo Ligato | NEW YORK, July 30 (Reuters) – Oil prices fell on Wednesday, with Brent leading the decline weakened by excess supplies in Europe and Asia, while U.S. crude pared gains despite a larger-than-expected drop in nationwide stockpiles. The oil markets moved hesitantly in midmorning trading after the U.S. Energy Information Administration said [...]

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The EU and the US are slapping sanctions on Russia and the trade is trying to calculate the hit on the global economy. The sanctions are supposed to target “key sectors” of Russia’s economy like banking, defense and most importantly energy. While many feel the impact is priced in and that the sanctions might have [...]

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Knoxville, Tennessee (Platts)–28Jul2014/531 pm EDT/2131 GMT NYMEX August natural gas futures fell 3.4 cents to settle at $3.747/MMBtu Monday in somewhat choppy trading as the market consolidated ahead of Tuesday’s contract expiration. The contract started off the day in positive territory, trading nearly 7 cents above Friday’s close, then fell by midday, hitting a low [...]

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BP is warning that Russian sanction might have an adverse effect on their bottom line not to mention the global economy as well. As Europe seems to be slipping back into deflation war worries continue to support oil and are widening the Brent/ WTI spread this morning. The spread is killing European refining margins and [...]

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Record US refining run is driving down gas prices even as oil prices rise due to geopolitical risk. The Lundberg survey shows that gas prices have fallen 9 cents a gallon in the last 2 weeks.  Lundberg says that the average price for regular gasoline at U.S. pumps dropped 9.04 cents in the two weeks [...]

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While the world is in geopolitical turmoil somehow financial markets are subdued. While many credit the Fed and their easy money policies another main component of this calm in the face of multiple storms is the rise of the US oil producer. Soaring US oil production has allied fears that these many geo-political hotspots could [...]

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Air Risk. The Energy Report 7/24/14

On July 24, 2014 - 9:23 AM By

A day after Ukraine accused Russia of shooting down Ukrainian warplanes and after the downing of a Malaysian passenger plane another plane has gone missing. Reports overnight that Spain’s Swiftair lost contact with an Airbus A320 plane that had 116 people aboard en route from Ouagadougou in Burkina Faso in Africa to Algiers may bring [...]

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By Anna Louie Sussman | Reuters U.S. crude stocks fell more than expected last week even as refineries cut output, government data showed on Wednesday, but a build of 5 million barrels in combined inventories of gasoline and distillates raised questions about demand. Crude inventories fell 4 million barrels in the last week, data from [...]

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If the American Petroleum Institute is any indication refiners continue to refine oil into product at a record pace. Cheaper domestic and higher yielding oil are leading to high margins for refiners that keep them running at a historic pace. What is more that even with that record pace the draw on US inventories are [...]

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