Phil Flynn
Phil Flynn
Philip "Phil" Flynnis an Irish businessman. He was previously a vice-president of Sinn Féin, a trade unionist, an industrial relations consultant, a government advisor and a financier. He was the eldest of five children of a nationalist mother and Fine Gael father...
ahead barrels betting error hurricane less likely margin market million nigeria oil possible production season spare supply traders venezuela worries
With less than 2.0 million barrels of spare production capacity, even with higher-than-average supply of oil, the margin of error in the world oil market has never been thinner. And with worries about possible supply disruptions in Iran, Nigeria and Venezuela and another hurricane season ahead of us, traders are betting that it's likely something is going to go wrong.
air cause cloud continue endless extreme feeling fresh maybe oil power profits russia seems stream venezuela
Maybe Iran, Venezuela and Russia need to get some fresh air as the fumes from their oil profits continue to cloud their better judgment. Oil power intoxication with an endless stream of oil profits seems to cause a feeling of extreme and all-encompassing power.
economic numbers oil weather
From an economic viewpoint, these numbers were encouraging. Especially encouraging were the distillate numbers ... We're going to have enough oil to weather the storm.
bullish continues course head oil
Of course doing nothing must be bullish as oil continues to head higher.
ahead gasoline oil products seeing
We're seeing a lot of profit-taking in products - heating oil and gasoline - ahead of the weekend.
confidence correction good industry oil shows
We still have had a pretty good correction from the peak. It shows that there's a lot of confidence in the oil industry and the economy.
again host market obscurity oil potential pulled
The oil market once again has been pulled out of potential obscurity by another host of geo-political events.
challenge demand meet oil
If that happens, it's going to be a challenge to meet oil demand in this country.
debate high hurt ignore markets oil prices stocks
The correlation between high oil prices and stocks has not been day-to-day. Sometimes the stock markets can ignore high prices, and the big debate is when will the prices get so high that they hurt the economy.
extremely market near northeast oil pumping supplies warm
The market thought that, with extremely warm temperatures in the Northeast and refiners pumping near capacity, heating oil supplies would go through the roof,
calls cut despite left likes production unchanged vowed
The Saudis vowed that production would be left unchanged despite the calls to cut production by the likes of Iran.
concerned continued crude early gasoline high levels production rate strength supplies supporting tight trail week
The strength in gasoline is supporting crude oil. It is a little early to be concerned about gasoline, but supplies have continued to trail year-ago levels week after week. Supplies are tight even with the high production rate and imports.
continue good looks saw stock strong
These are very strong numbers. This is very good for the stock market. We saw it rally. It looks like it will continue to do so.
cut false impression last laying meeting people prices realize supplies
People got a false impression from the last OPEC meeting that they were unconcerned about supplies and price, and now they realize that OPEC is potentially laying out the groundwork for a cut in January. They won't just let prices fall.