Oil traders lose faith in recent rally, position for lower prices
Oil traders have ramped up their bets in the futures and options market that April’s rally will run out of steam, as the outlook for demand weakens and with few Continue Reading
Brent futures point to oil market rebalancing
The structure of Brent futures prices shows most market participants believe the oil market will begin to rebalance in the second half of 2016 and through 2017. Prominent oil analysts Continue Reading
After global oil freeze deal, prospects for cuts unclear and remote
An oil output cut by global producers, following on from the output freeze initiative, is quite unlikely and would be months away, OPEC sources said, suggesting any additional action to Continue Reading
Key Oil Market Indicator Shows There’s More to Rally Than Freeze
OPEC and Russia might like to take all the credit for oil’s recovery with their plan to freeze production. Futures prices show that’s not the whole story. While much of Continue Reading
OPEC Report Suggests Massive Oil Price Rebound
The headlines reacting to OPEC’s April Oil Market Report generally read “OPEC concerned about global oil demand” and as such, oil prices traded down slightly on April 13, despite an Continue Reading
Cash needed to keep Kurdish oil flowing
Iraqi-focused energy company Gulf Keystone Petroleum said its operations may start to decline without a focus on capital spending. Photo courtesy of Gulf Keystone Petroleum LONDON, April 14 (UPI) — Continue Reading
Oil finances nearly severed for Islamic State
Military strikes on oil lines controlled by terrorist groups in Iraq and Syria cutting into their financial life line, White House spokesman Josh Earnest says. Pictured, a pair of U.S. Continue Reading
Iran’s Crude Exports Surge With Days to Go Before Freeze Talks
Shipments jump by more than 600,000 barrels a day: tanker data Iran’s crude shipments have risen by more than 600,000 barrels a day this month, adding to the pressure facing Continue Reading
Iran to modestly boost oil supply, delaying market rebalance: Reuters poll
A view of a petrochemical complex in Assaluyeh on Iran’s Persian Gulf coast May 28, 2006. Iran’s oil production will rise only modestly this year and next, but it will Continue Reading
How Saudi Arabia plans to shake up its economy
In late February, several hundred Saudi officials, company executives and foreign consultants gathered in a luxury Riyadh hotel to discuss how Saudi Arabia’s economy could survive an era of cheap Continue Reading