Gene McGillian

Type: Person
Name: Gene McGillian
First reported 50 mins ago - Updated 50 mins ago - 1 reports

Brent Oil Firm On New Russia Sanctions; US S...

NEW YORK, July 29 (Reuters) - Brent crude ended slightly higher on Tuesday as new sanctions on Russia looked set to worsen relations between Moscow and the West, while U.S. prices slipped after a Kansas refinery fire curbed demand for WTI crude.Brent ... [Published Rigzone - 50 mins ago]
First reported 4 hours ago - Updated 1 hour ago - 1 reports

Shares just below all-time highs, dollar moves higher

World share markets hovered just below all-time highs on Tuesday as investors drew encouragement from a rally in China, while Russian stocks enjoyed some respite after three days of heavy selling.Investors were reluctant, however, to make bold moves ahead ... [Published 4 Traders - 4 hours ago]
First reported 9 hours ago - Updated 9 hours ago - 1 reports

U.S. Oil Prices Fall as Global Benchmark Holds Steady

By Nicole FriedmanNEW YORK--U.S. oil futures declined Tuesday as concerns about falling gasoline demand weighed on prices, while ongoing geopolitical tension kept the global benchmark trading near flat.Light, sweet crude for September delivery fell $1.07, ... [Published 4 Traders - 9 hours ago]
First reported Jul 28 2014 - Updated 23 hours ago - 2 reports

Oil Retreats Awaiting Fed and US Economic Data

West Texas Intermediate and Brent crudes fell before U.S. economic data that may signal slowing growth, curbing fuel use in the biggest oil-consuming nation. Crude in New York slipped for the fourth time in five days amid forecasts that an index of ... [Published OANDA Forex Blog - Jul 28 2014]
First reported Jul 29 2014 - Updated Jul 29 2014 - 1 reports

Big funds slash oil bets by nearly $6 billion in biggest exodus -CFTC

July 29, 2014Big speculators closed out nearly $6 billion worth of bullish bets in US crude oil markets in the week to July 15, according to regulatory data released on Friday that confirmed the biggest four-week fund exodus on record. Money managers ... [Published Business Recorder - Jul 29 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 3 reports

Oil Lower on Signs of Excess Supply, Weak Demand in Europe and Asia

NEW YORK, July 28 (Reuters) - Oil prices dipped on Monday as signs of excess supplies of North Sea and West African crude and weak demand in Europe and Asia offset fears of escalating tensions in Ukraine and the Middle East.Deepening discounts for physical ... [Published Rigzone - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Oil falls despite trouble in Libya and other hotspots

NEW YORK: Oil prices dropped on Monday (July 28) in spite of worsening violence in Libya and ongoing trouble in other petroleum hotspots as traders focused on the lofty state of oil supplies.US benchmark West Texas Intermediate for September delivery ... [Published Channel NewsAsia - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

MONDAY MARKET CLOSE: Drillers fall as oil hit by over-supply

Oil stocks struggled as Brent was hit by forecasts for ample supplies in the Atlantic basin and weak demand in Europe and Asia.Oil prices were also depressed by reports that 30 million barrels of West African crude for lifting in August remained unsold ... [Published The Scotsman - Jul 28 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

NYMEX August gas falls 6.6 cents to $3.781/MMBtu close on absent demand

The NYMEX August natural gas futures contract fell 6.6 cents to a$3.781/MMBtu close on Friday as the market gave back nearly all of theprevious day's gains on a continued lack of seasonal demand."It appears we haven't found a bottom," said Gene McGillian, ... [Published Platts - Jul 25 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

Oil slips as supplies flow despite conflicts

* EU foreign ministers to discuss Russian sanctions * Libya oil output slips to 450,000 bpd * U.S. crude stocks expected to fall 2.8 mln bbls on week * Coming up: U.S. API data due at 4:30 p.m. EDT/2030 GMT (Updates prices to settlement) By Anna Louie ... [Published Sharenet - Jul 22 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

Oil Slips As Supplies Flow Despite Conflicts

NEW YORK, July 22 (Reuters) - Brent and U.S. crude settled lower after a choppy trading session on Tuesday as oil supplies remained unaffected by continuing violence in Iraq, Ukraine and Gaza.The European Union threatened Russia on Tuesday with harsher ... [Published Rigzone - Jul 22 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

Oil prices drop despite Ukraine, Gaza worries

NEW YORK:  Oil prices fell modestly Tuesday despite geopolitical tensions over war-torn Ukraine and a raging battle in the Gaza Strip.The US benchmark, West Texas Intermediate (WTI) for August, dipped 17 cents to close at $104.42 a barrel on the contract's ... [Published SAMAA TV - Jul 22 2014]

Quotes

"the new sanctions against russia don't seem to be a game-changer, as long as we don't have a supply disruption" said Gene McGillian, an analyst at Tradition Energy in Stamford, Connecticut
"it's pretty clear that if we keep our utilization rates pretty high, we do drop our crude stocks down, but you just see them go into the storage tanks for products" said Gene McGillian, broker and analyst at Tradition Energy in Stamford, Conn
"we have to keep in mind that up until two days ago there was a big exodus of speculative length. once that drives the market, the market often goes back in the opposite direction" said Gene McGillian, an analyst with Tradition Energy in Stamford, Connecticut
"The market is now focusing on weak fundamentals," said analyst Gene McGillian of Tradition Energy in Stamford, Connecticut. "if it wasn't for the geopolitical risk we priced in, the market would be at an even lower level."

More Content

All (87) | News (69) | Reports (0) | Blogs (18) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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Brent Oil Firm On New Russia Sanctions; US S... [Published Rigzone - 50 mins ago]
UPDATE 9-Brent oil firm on new Russia sanctions... [Published CNBC - 2 hours ago]
Shares just below all-time highs, dollar moves ... [Published 4 Traders - 4 hours ago]
WTI Falls to Two-Week Low on Concern Refinery F... [Published Washington Post - 4 hours ago]
UPDATE 8-Oil down, U.S. crude slides $1 on Kans... [Published CNBC - 5 hours ago]
WTI Falls After Refinery Fire; Brent Gains on R... [Published Washington Post - 7 hours ago]
U.S. Oil Prices Fall as Global Benchmark Holds ... [Published 4 Traders - 9 hours ago]
Geopolitical Risk Rises for Investors Comforted... [Published Washington Post - 18 hours ago]
Big funds slash oil bets by nearly $6 billion i... [Published Business Recorder - Jul 29 2014]
Oil Lower on Signs of Excess Supply, Weak Deman... [Published Rigzone - Jul 28 2014]
UPDATE 8-Oil lower on signs of excess supply, w... [Published CNBC - Jul 28 2014]
Oil falls despite trouble in Libya and other ho... [Published Channel NewsAsia - Jul 28 2014]
MONDAY MARKET CLOSE: Drillers fall as oil hit b... [Published The Scotsman - Jul 28 2014]
Oil falls on ample supply, weak demand [Published Sharenet - Jul 28 2014]
Oil Retreats Awaiting Fed and US Economic Data [Published OANDA Forex Blog - Jul 28 2014]
WTI, Brent Crudes Decline Before U.S. Economic ... [Published Washington Post - Jul 28 2014]
NYMEX August gas falls 6.6 cents to $3.781/MMBt... [Published Platts - Jul 25 2014]
U.S. Oil Futures Reach Two-Week High on Refiner... [Published Energy and energy security - Jul 23 2014]
Oil Slips As Supplies Flow Despite Conflicts [Published Rigzone - Jul 22 2014]
Oil slips as supplies flow despite conflicts [Published Sharenet - Jul 22 2014]
Oil prices drop despite Ukraine, Gaza worries [Published SAMAA TV - Jul 22 2014]
Oil Benchmarks Diverge Ahead of U.S. Contract E... [Published 4 Traders - Jul 22 2014]
UPDATE 7-Oil firm on Ukraine worry; Aug WTI spi... [Published CNBC - Jul 21 2014]
UPDATE 6-Brent steadies around $107 amid geopol... [Published CNBC - Jul 21 2014]
Brent Crude Trades Around $107 as Russian Oil S... [Published Washington Post - Jul 21 2014]
Big funds slash oil bets by nearly $6 billion i... [Published Hellenic Shipping News Worldwide - Jul 21 2014]
UPDATE 8-Oil prices slip after spike on downed ... [Published CNBC - Jul 18 2014]
UPDATE 6-Oil prices steady after rally on downe... [Published CNBC - Jul 18 2014]
Natural Gas Rises From 7-Month Low on Warmer We... [Published AgWeb.com - Jul 18 2014]
WTI Crude Climbs on U.S. Supply Drop, Rising Uk... [Published Washington Post - Jul 17 2014]
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Oil Retreats Awaiting Fed and US Economic Data [Published OANDA Forex Blog - Jul 28 2014]
West Texas Intermediate and Brent crudes fell before U.S. economic data that may signal slowing growth, curbing fuel use in the biggest oil-consuming nation. Crude in New York slipped for the fourth time in five days amid forecasts that an index of ...
U.S. Oil Futures Reach Two-Week High on Refiner... [Published Energy and energy security - Jul 23 2014]
West Texas Intermediate crude rose to the highest in almost three weeks as strong refinery demand reduced U.S. inventories . The U.S. benchmark’s discount to Brent narrowed to a three-month low.Prices gained for a third time in four days. U.S. refineries ...
Oil Falls After Supply Fears Dissipate [Published OANDA Forex Blog - Jul 10 2014]
West Texas Intermediate crude headed for a record-long slump as supply concerns eased in Iraq and Libya and inventories at Cushing, Oklahoma, rebounded from a five-year low. Brent also declined. Futures dropped for a 10th day, poised for the longest ...
Brent Erases Iraq Rally With Price Below When M... [Published Energy and energy security - Jul 10 2014]
Brent crude fell the most in more than two months, reversing a rally that started when Islamist militants seized the northern Iraqi city of Mosul almost a month ago. West Texas Intermediate also declined. The Islamic State, a splinter group of al-Qaeda, ...
Oil Falls With Iraq Output Rising Even With Mil... [Published OANDA Forex Blog - Jun 26 2014]
West Texas Intermediate oil dropped to a two-week low and Brent fell on signs that the insurgency in Iraq won’t curb output and as U.S. stockpiles climbed. Iraq’s crude exports will increase next month, Oil Minister Abdul Kareem al-Luaibi said yesterday. ...
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