Top Trader Vitol Sees Oil Rattled as Trump Makes Market Fret
Donald Trump and global crude producers are set to take prices on a bumpy ride this year, according to the world’s biggest independent oil trader. As investors are kept on Continue Reading
Signs of Shift in Oil Balance Draw Investors Back In
A closely watched indicator in the oil market is signaling that a supply glut may be easing, a development that could help boost crude prices. This market gauge refers to Continue Reading
Trading giant Glencore extends major Libyan oil deal: sources
Swiss-based commodities giant Glencore has extended a deal with Libya’s state oil firm to be the sole marketer of one third of the country’s current crude oil production, sources familiar Continue Reading
Investors Have Never Loved OPEC So Much as It Sticks to Cuts
Investors are betting big that OPEC’s cuts are real. Money managers are the most bullish ever on West Texas Intermediate crude for a second week as signs show OPEC and Continue Reading
Iran says U.S. sanctions stop American oil firms taking part in projects
Iran has imposed no restrictions on U.S. oil firms willing to participate in energy projects in the country but American sanctions make such cooperation impossible, Iran’s deputy oil minister said Continue Reading
Keystone XL Needs Much Higher Oil Prices To Be Viable
The Keystone XL Pipeline (KXL) is a bet on much higher oil prices several years from now. It will take at least $85 oil prices to develop the new oil Continue Reading
Will Trump’s Border Tax Plan Include A Loophole For Mid-East Allies?
A border adjustment to income tax that will see imports in the U.S. become more costly may need to be, well, adjusted, lest the country loses some key allies in Continue Reading
US Could Export More Oil Than OPEC Countries In 2017
The U.S. may export more oil in 2017 than four OPEC member states produce, according to a survey of energy analysts by Bloomberg. The U.S. is already outproducing Libya, Qatar, Continue Reading
Putin’s Tough Choice: China Or The West
“With Tillerson’s confirmation, Exxon just annexed the United States,” –anonymous blogger. To many observers, the appointment of Tillerson to the helm the State Dept signaled the Administration’s priority of supporting Continue Reading
Dollar Or Iran? Oil Needs A Serious Catalyst To Breakout
The market remains caught between preliminary OPEC data which revealed significant production cuts from six members and Russia in January and poor US data which continues to show way too Continue Reading