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The Energy Report

The Energy Report

Phil Flynn
http://www.pricegroup.com/
pflynn&pricegroup.com


The Energy Report 09/11/17

The Road to Normal

Already in the aftermath of Hurricane Irma, the market is looking ahead to the road to normal. Already the focus in oil seems to be shifting away from demand destruction to the surge in demand we will get when we start to rebuild. U.S. refineries are coming back on line from Hurricane Harvey to only 6% off line, down from over 25% after the storm. Early reports say that Hurricane Irma's impact on Florida was not as bad as it could have been and so the market can look ahead.

Natural gas demand may take the biggest hit as Hurricane Irma knocked out power to more than 3 million homes and businesses and Reuters reports that full restoration of service could take weeks. Yet the damage to buildings actually will be bullish for oil and oil product demand in the rebuilding phase. While we are not in the all clear as the Atlantic is still active from a weather standpoint, the market will start focusing on the rebuilding with strong demand for many petroleum products.

Oil prices are also getting support from a move by Saudi Arabian Energy Minister Khalid al-Falih to extend the oil production cut this past March when the deal expires. He met with Venezuela and Kazakh this weekend and still has to bring on board Russia who has so far balked at an extension of cuts. Yet if the rest of the OPEC cartel agrees, the Russians will most likely get on board.

Gasoline prices may start to level out as refiners come back on line. We may start to see a reversal on the Brent/WTI spread and oil up versus products down.

Make sure you are getting the Power to Prosper! Stay tuned to the Fox Business Network! I'm headed to Dallas this October along with more than 50 of the world's leading financial experts. We'll be discussing the state of the economy, how politics are impacting the markets, and much more. And I'd love for you to join us. Reserve your free spot!

Make sure stay tuned to the Fox Business Network for the latest developments. I'm headed to Dallas this October along with more than 50 of the world's leading financial experts. We'll be discussing the state of the economy, how politics are impacting the markets, and much more. And I'd love for you to join us. . Reserve your free spot. Call me at 888-264 or email me at pflynn@pricegroup.com

There is a substantial risk of loss in trading futures and options.

Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities. PFGBEST, its officers and directors may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.

Phil is one of the world's leading energy 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. Phil's market commentary, fundamental and technical analysis, and long-term forecasts are sought by industry executives, investors and media worldwide.

PLACING CONTINGENT ORDERS SUCH AS "STOP LOSS" OR "STOP LIMIT" ORDERS WILL NOT NECESSARILY LIMIT YOUR LOSSES TO THE INTENDED AMOUNTS. SINCE MARKET CONDITIONS MAY MAKE IT IMPOSSIBLE TO EXECUTE SUCH ORDERS.

Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities. Alaron Trading Corp. its officers and directors may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.

Contact Phil at 800-935-6487 or pflynn&pricegroup.com.