Posts

Sevens Report Co-Editor, Tyler Richey, Quoted in MarketWatch on March 20th, 2023

/in , /by

Oil futures shake off early declines to finish higher

U.S. oil prices had broken down out of the 2023 trading range to reach multi-year lows last week, with contagion fears stemming from the first bank failures since the Great Financial Crisis triggered massive volatility and significant risk-off money flows early last week, said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.

Sevens Report Analysts Quoted in Market Watch on February 16th, 2023

/in , /by

Energy Shares Fall as Oil Prices Edge Lower — Energy Roundup

The “primary risk to oil prices remains to the downside as recession warnings from the Treasury market point to a potential collapse in consumer demand in the coming months or quarters,” analysts at Sevens Report Research wrote. Click here to read the full article.

Sevens Report Analysts Quoted in MorningStar on February 16th, 2023

/in , /by

Oil ends lower on signs of ‘sluggish’ U.S. consumer demand and a big build in supplies

The U.S. Energy Information Administration data so far this year has been “consistently bearish and pointed to sluggish consumer demand, hesitant refining activity, sizeable builds in oil stockpiles and incrementally rising domestic oil production,” analysts at Sevens Report Research wrote in Thursday’s newsletter. Click here to read the full article.

Sevens Report Co-Editor, Tyler Richey, Quoted in MarketWatch on February 8th, 2023

/in , /by

Oil futures up a third consecutive session on expectations for higher demand

The data, however, also showed “some evidence of improving consumer demand for refined products,” said Tyler Richey, co-editor of Sevens Report Research, with the four-week moving average of gasoline supplied up by just over 200,000 barrels a day to 8.3 million barrels a day. Click here to read the full article.

Sevens Report Co-Editor Tyler Richey Quoted in Market Watch on December 8th, 2022

/in , /by

Oil prices down 5 sessions in a row, at their lowest in nearly a year

The report “pointed to some further deterioration in consumer demand as we approach the end of the year,” Tyler Richey, co-editor at Sevens Report Research wrote in Thursday’s newsletter. Click here to read the full article.

Sevens Report Co-Editor Tyler Richey Quoted in Market Watch on November 16th, 2022

/in , /by

U.S. oil prices settle at a 3-week low after missile strike in Poland, as global supply risks ease

Tuesday’s “geopolitical fear bid, related to the initially unidentified missiles hitting Poland, is unwinding as details emerge that suggest the projectiles did not actually originate in Russia after all,” Tyler Richey, co-editor at Sevens Report Research, told MarketWatch. Click here to read the full article.

Sevens Report Co-Editor Quoted Tyler Richey on November 17th, 2022

/in , /by

U.S. oil prices drop by nearly 5% to end at their lowest since late September

“Stagflationary economic data, rising COVID cases in China, and hawkish [Federal Reserve] chatter have all been added headwinds on the oil market today,” said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.

Sevens Report Analysts Quoted in Market Watch on August 31st, 2022

/in , /by

Oil futures end lower, with economic jitters fueling a more than 9% monthly loss for U.S. prices

All of yesterday’s news flow was digested as bearish for oil as the threat of OPEC+ cuts were reduced, demand estimates in Europe were adjusted lower on poor data while ‘hot’ data in the U.S. added to already hawkish money flows that bolstered the dollar and further pressured oil, wrote analysts at Sevens Report Research, in a note. Click here to read the full article.

Sevens Report Co-Editor Tyler Richey Quoted in Morningstar on August 25th, 2022

/in , /by

Oil futures post first loss in 3 sessions

However, from a fundamental standpoint, any production cuts would be aimed at offsetting the return of Iranian barrels to the global market and not a material new bullish catalyst…said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.

Tom Essaye Quoted in Barron’s on August 9th, 2022

/in , /by

Oil Earnings Outlook Dims. Blame Cheaper Oil.

For oil’s drop, it’s mostly a demand story. If you see oil move into the high to mid 70s, people are going rethink the idea that these companies are cash flow-generating machines, Essaye said. Click here to read the full article.