Phil Flynn

About the Author

Senior energy analyst at The PRICE Futures Group and a Fox Business Network contributor. He is one of the world's leading market analysts, providing individual investors, professional traders, and institutions with up-to-the-minute investment and risk management insight into global petroleum, gasoline, and energy markets. His precise and timely forecasts have come to be in great demand by industry and media worldwide and his impressive career goes back almost three decades, gaining attention with his market calls and energetic personality as writer of The Energy Report. You can contact Phil by phone at (888) 264-5665 or by email at pflynn@pricegroup.com. Learn even more on our website at www.pricegroup.com.

 

Futures and options trading involves substantial risk of loss and may not be suitable for everyone. The information presented by The PRICE Futures Group is from sources believed to be reliable and all information reported is subject to change without notice.

 

Crude: There is something good going on

By Phil Flynn | August 3, 2017

There is something good going on in the global economy and that is translating to higher demand and higher prices for oil. While short sighted and economically challenged people always think the lower price for energy the better, fail to grasp the realities of global trade and the real economics of production. With U.S. gas demand at a record and global demand on the rise, it reflects good economic times to come.

Crude: Nifty thrifty 50

By Phil Flynn | August 2, 2017

Crude oil prices pulled back from the big psychological resistance of $50 per barrel as the overbought market was met with reports of rising OPEC oil production and a surprise increase in U.S. crude oil supply as reported by the American Petroleum Institute..

Crude: The bloom Is coming off the shale patch

By Phil Flynn | August 1, 2017

Crude oil prices cap off their best monthly gain since April of 2016 as geopolitical risk is rising in Venezuela and a report from the Energy Information Administration(EIA) is saying that we are not producing as much oil as we thought we were.

Crude's new balance

By Phil Flynn | July 28, 2017

Crude oil prices must find new balance as global oil stock piles are falling against surging global demand and an increasing amount of geopolitical risk. Russia and Venezuela are the hot issues, with Iran and North Korea lurking in the background.

Crude: Shell vs. shale

By Phil Flynn | July 27, 2017

Who says that the U.S. oil supply picture is not getting in balance? Crude oil supply in the United States fell by 7.2 million barrels, down more than 50 million barrels since the end of March. It would have been more than 60 million barrels if it were not for the reclassification of oil released from the Strategic Petroleum Reserve. That puts supply at the lowest level this year and 7.1% below last year. U.S. crude production faltered last week, a sign that U.S. shale producers are getting wobbly. Y

Give me those old time fundamentals

By Phil Flynn | July 26, 2017

Oil prices surged even before the American Petroleum Report (API) reported another massive crude oil crude withdrawal. The 10.23-million-barrel draw, if confirmed by the Energy Information Administration, it means that U.S. oil supply is down almost 55 million barrels since the end of March, even as the Strategic Petroleum Resave added over 13 million of barrels of oil into the marketplace. The API brings the total inventory for crude oil in 2017 to a net draw of 7.534 million barrels, the first net draw for 2017 since January according to Oilprice. So we see that OPEC and non-OPEC cuts do matter. As I told Marketwatch, the API reported crude supply draw erases the myth that shale can offset OPEC and non-OPEC cuts barrel for barrel.

Crude: Shale pains and OPEC

By Phil Flynn | July 25, 2017

Crude oil prices are on the rise as Saudi Arabia pledges to reduce oil exports and the fact that U.S. shale pains are becoming more obvious to the market. Halliburton is warning that the U.S. oil rig count is about to plateau or "peak shale,” which we predicted.

Crude: OPEC optimism

By Phil Flynn | July 24, 2017

OPEC and non-OPEC leaders are wrapping up their meeting in St. Petersburg Russia and it looks like it has yielded some positive results. Not only did Nigeria agree to cap their oil production output at 1.8 million barrels a day, the Saudi Oil Minister Khalid al Falih, speaking after the meeting broke up, seemed optimistic that the path they were on would eventually get global supply back in balance.

Crude: Russia is all the rage

By Phil Flynn | July 21, 2017

For oil and the markets, Russia is all the rage. There is the big OPEC/non-OPEC pow-wow in Russia and reports that Special Prosecutor Robert Mueller is opening an investigation into President Donald Trump's business transactions with Russia one day after the President said that that would be a red-line for him.

Crude: Testing the waters

By Phil Flynn | July 19, 2017

Saudi Arabia was testing the waters by sending a signal that the kingdom might cut crude exports by 1 million barrels to shock and awe oil out of this sideways trading range ahead of Monday’s OPEC technical meeting. While the market did respond positively to the news, there was still some skepticism that the Saudis would make that happen.

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