oil production

Growth fears

By Phil Flynn | September 28, 2015

Crude oil prices are under pressure again as global growth fears seem to outweigh oil production cutbacks. Weak industrial profits in China and the International Monetary potentially lowering its growth forecast.

Crude edges higher

By Reuters | September 25, 2015

Crude oil prices edged up on Friday boosted by stronger than expected U.S. economic data though the longer-term outlook for energy markets remains weak due to a global oil supply glut and uncertainty over economic growth prospects in Asia.

Crude rises as drilling falls

By Christopher Johnson  | September 21, 2015

Oil prices rose more than 2 percent on Monday after data showed U.S. drilling slowed and a report said $1.5 trillion worth of planned production was uneconomic at current prices.

Cushing crush

By Phil Flynn | September 15, 2015

U.S. crude oil production may be falling faster than many had thought and we are seeing signs of that in Cushing, Okla. Cushing is the Nymex delivery point and a storage facility that if you listened to the Ultra Bears was supposed to be overflowing with oil. Instead the opposite is happening as supply there have fallen five out of the last seven weeks and is slated to fall once again.

Production destruction

By Phil Flynn | September 11, 2015

While most people are focused on the current glut of crude oil, soon we will start to focus on production destruction. The International Energy Agency (IEA) was, in the beginning of the year, warning that the globe would be producing so much oil that we would have no place to put.

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