Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

The Energy Report: Gas Gimmicks

By Phil FlynnCommoditiesJun 24, 2022 11:28AM ET
www.investing.com/analysis/the-energy-report-gas-gimmicks-200626262
The Energy Report: Gas Gimmicks
By Phil Flynn   |  Jun 24, 2022 11:28AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Energy prices are trying to find some support after getting beat up on recession fears in data from the American Petroleum Institute that failed to inspire people to come back in it and buy. 

Energy Secretary Jennifer Granholm seemed to strike a tone with the energy companies that was a little bit more friendly than the type of rhetoric we’ve been hearing from the Biden administration. It seems the point that they could move on very quickly would be the possibility of lifting some of the summertime gasoline regulations that could allow more supply onto the market.

Oil corrected hard-on concerns about potential recession signs that Russian oil production is rising yet again, and it appears that the market is assuming that Russian oil production is going to be back to where it was before the war.

At the recent maintenance, we continue to be bullish, and we think that we’re getting to the point where you should be putting on your hedges. The back end of the curve is not holding up as well, but we do expect that that will at some point start to look very attractive.

Today we have a short update because I have an appointment. We will get back to full speed next week, have a great weekend!

The Energy Report: Gas Gimmicks
 

Related Articles

Phil Flynn
The Energy Report: China Shocker By Phil Flynn - Aug 15, 2022 1

Oil prices were down on concerns that Iran could accept the EU proposal to get back into the Joint Comprehensive Plan of Action (a nuclear deal reached by Iran and China, France,...

The Energy Report: Gas Gimmicks

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (2)
Mohd Izhar Muslim
Mohd Izhar Muslim Jun 26, 2022 3:22AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Thanks 👍
Gideon Strassmann
Gideon Strassmann Jun 24, 2022 12:29PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I remember you very favorably when you went on CNBC some 25 years ago.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email