Posts by: Phil Flynn

Supply chain disruption fears are becoming more real as it appears that the ship blocking the Suez Canel could take weeks to unlodge. The world’s […]

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The Suez Canal is still clogged up, cutting off circulation to the global oil market. The MV Ever Given container ship is still stuck blocking […]

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Exhausted. The Energy Report 03/24/2021

On March 24, 2021 - 7:19 AM By

The sharp selloff in oil looks exhausted and the fact that German manufacturing data blew away expectations is one factor that eases the oil demand […]

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Oil prices look like they are on a quest to retest key Bollinger band support. Yesterday’s unconvincing rally led the market bulls less confident that […]

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Oh, Mexico. The Energy Report 03/22/2021

On March 22, 2021 - 7:22 AM By

Oh, Mexico. It sounds so simple where the jobs go. The sun’s so hot and the wages so low. Guess I’ll have to go now. […]

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Covid flare-ups and an overbought crude market broke one of the longest oil uptrends in years. Reports of covid surges in India, Europe, and Brazil […]

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Pumped. The Energy Report 03/18/2021

On March 18, 2021 - 7:37 AM By

While the International Energy Agency (IEA) makes a wild claim that global gasoline demand has peaked, in the real world it is a different story. […]

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When IEA is smiling! Sure it’s like a morn in Spring, In the Lilt of market forecasts, it can make the oil swing! When IEA […]

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China is still sucking down oil yet oil struggles as vaccine safety concerns rise. Reuters reports that, “China resumed storing crude oil in the first […]

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Crude oil prices are rising on surging Chinese oil demand, increasing geopolitical risk factors, boasts from Iran that they have built a “missile city” and […]

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Oil prices are rising, hitting the highest level in Brent crude since May of 2019 as tensions between Iran and Israel are a lot more […]

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Iran and China are opening, taunting the Biden administration as it openly flaunts oil sanctions on Iran even as Iran raises its enrichment of uranium. […]

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