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: Night moves

By Phil Flynn | June 7, 2017

It was an active night for global markets, including a terror attack in Iran, the takeover of Banco Popular in Spain--not to mention the American Petroleum Institute Report that showed a big drop in crude supply but big increases in gasoline and distillates.

President Trump, the unifier

By Phil Flynn | June 6, 2017

The crude oil market had a wild ride on the breaking of diplomatic ties with Qatar by a Saudi-led coalition of four countries, Bahrain, the UAE and Egypt. At first, panic ensued as the Qatar stock market tumbled and oil prices soared. Then the oil market reversed on fears that somehow this would break the OPEC supply cut deal.

Crude: Terror ties

By Phil Flynn | June 5, 2017

Crude oil prices are getting a look at terror premium as four Arab Gulf States, led by Saudi Arabia, cut diplomatic ties with Qatar as another terror attack takes place on the streets of London. Terror is becoming a top issue around the globe as ISIS took responsibility for the slaughter on London Bridge.

Big crude draw not big enough

By Phil Flynn | June 2, 2017

The Energy Information Administration failed to wow the crude oil market even after it reported the biggest crude oil drawdown of the year. The reason is a technical weakness on the charts, coupled with the promise of more Libyan oil production and the fact that U.S. oil production increase tied the highest level since November of 2015. Not even President Trump’s withdrawal from the Paris Climate Accord could give the market the lift it needed.

Crude: 19 million barrels plus and counting

By Phil Flynn | June 1, 2017

If you look at data from the American Petroleum Institute (API) you will see that it is obvious that OPEC/non-OPEC production cuts are starting to have an impact on U.S. oil inventory. The API not only reported a whopping 8.67-million-barrel drawdown in oil inventory last week, they also reported that during the last five weeks there has been a drop of over 19.277 million barrels.

Crude morning meltdown

By Phil Flynn | May 31, 2017

After crude oil failed to complete the comeback yesterday, sellers are at it again using the return of Libyan oil and weak Chinese data as the reason for the selling. Libya’s State-run oil company is claiming that it can raise production to 8000,000 barrels a day, which could raise exports that on average are now running about 500,000 barrels a day.

Crude: Summer drive time

By Phil Flynn | May 30, 2017

The Summer driving season is off and running and oil is struggling to find direction. While we start to move into a period that could see substantial draws in inventory, the trade is focused on shale and what they view as near-term oversupply. Still, disappointed that Organization of the Petroleum Exporting Countries (OPEC) failed to extend production cuts or even enhance them, we are now in a waiting game to see how fast supply starts to dwindle.

Crude inventories: Build me up

By Phil Flynn | May 26, 2017

Why do you build us up with oil cuts baby, just to let us down and mess us around? And then worst of all, you don’t extend production cuts when you say you will, but supply will fall still. Shale needs you to keep on drilling, we have known that from the start. So cut back more and get non-OPEC to take part?

Crude: The safe bet

By Phil Flynn | May 25, 2017

Is it time to play it safe? The Saudi oil minister Khalid Al-Falih said the safe bet coming out of the OPEC meeting today is a nine-month extension of the current 1.8 million barrels a day of Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC production cuts, yet the safe bet might not wow oil traders.

OPEC and company!

By Phil Flynn | May 24, 2017

The Organization of the Petroleum Exporting Countries is getting ready to have a big party in Vienna as they hammer out an extension of the current OPEC agreement. While there has been some last minute negotiating by some players like Iraq, it is likely the deal will be extended by nine months.

Pages