Currently viewing the category: "Phil Flynn Energy Report"

Feeling Guilty. The Energy Report 11/21/2022

On November 21, 2022 - 9:42 AM By

While Americans have just endured one of the longest streaks of double-digit increases for utility bills in decades, the Biden administration is talking about paying […]

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The gales of November came early this year as the petroleum oil market sank with no regard to near-record-low supplies. Normally we get these crazy […]

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70 Year Low. The Energy Report 11/17/2022

On November 17, 2022 - 9:07 AM By

Petroleum traders must be wildly pessimistic about the state of the global economy because not even what you might call stunningly bullish supply-side data can […]

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World leaders boldly came up with a plan to not take any responsibility for the economic hardships the world is going to face. When in […]

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The oil market seems out of whack, with other risk assets as well, with the bullish underlying fundamentals. One reason given for the oil price […]

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Billions. The Energy Report 11/14/2022

On November 14, 2022 - 8:59 AM By

 Gasoline prices are clocking in at $377.3. Diesel prices are clocking in at a whopping $5.359 cents a gallon. Heating oil dealers are rationing supply […]

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So, let’s get this straight. Oil prices were falling on fears that out-out-of-control inflation would cause the Fed to raise interest rates, thereby slowing demand. […]

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Selling Out. The Energy Report 11/10/2022

On November 10, 2022 - 9:20 AM By

Oil prices are selling off on weakening economic fears as the US sells out to China, agreeing to new emission standards that will hurt US […]

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Oil prices gave up their gains yesterday after the Energy Information Administration [EIA] seemed to suggest that the US might be heading into a recession. […]

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Before Biden was elected and thereafter, I said a vote for Biden was a vote for higher energy prices. Now Americans have a chance to […]

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The oil market got hammered on Sunday night but rebounded on confusion as to whether China will lift some of its covid-19 restrictions or not. […]

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Cracking Up. The Energy Report 11/04/2022

On November 4, 2022 - 9:36 AM By

The ultra-low sulfur diesel crack spread cracked up, hitting a new record high, as physical buyers are scrambling to secure supply. I have talked to […]

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