Oil industry hopes that markets are about return to balance, ending a global glut that pulled down prices by over 70 percent between 2014 and early 2016, might be abruptly Continue Reading
NEW YORK, July 12 (Reuters) – The U.S. Energy Information Administration cut its forecast for U.S. oil demand growth in 2016, and increased its demand growth forecast for 2017, according Continue Reading
API-EIA figures diverge by 2+ million barrels in 6 of 10 weeks Prices flip as traders seek edge on government supply number Oil traders don’t know who to follow these Continue Reading
Gas prices in the United States are at their lowest point in 12 years because of market conditions, though some areas are ripe for a spike, analyses find. Motor club Continue Reading
OPEC on Tuesday gave an upbeat outlook for the oil market in 2017, saying global demand for its crude would be higher than its current production and pointing to a Continue Reading
When politicians talk of climate “uncertainty,” they’re often casting doubt on things that are well understood: Warming is happening, and humans are responsible. When scientists talk about climate uncertainty, they’re Continue Reading
The new OPEC Monthly Oil Market Report is out with crude only production numbers for June 2016. OPEC added Gabon to its member countries this month. But I do not Continue Reading
70% of potential new output to 2025 viable below $60: Wood Mac Crude may need to reach $85 to finance other supply needed Most of the oil projects planned over Continue Reading
OPEC expects oil demand to remain strong through 2017, but downgraded its assessment because of the Brexit result. In its latest monthly Oil Market Report for July, OPEC sees oil Continue Reading
Libyan forces allied with the U.N.-backed government have been shelling and carrying out air strikes on the center of Sirte city in a siege of Islamic State militants there, an Continue Reading
