Citi: An Oil Supply Squeeze Is Inevitable
In just the last couple of days we’ve seen one analyst predict prices of $80 per barrel, while a panel of several other analysts forecast a price drop if OPEC Continue Reading
Oil Bull Rally Wavers as Shale Boom Imperils Global Supply Drop
Market needs ‘steady, positive information’ to keep rallying Futures fell after rising on surprise decrease in supplies Oil’s bull-market rally faltered as the shale boom still gives traders pause. Futures Continue Reading
The Driving Forces Behind Today’s Oil Markets
One day it might set new records for bullishness, the next we might see it plummet into bear-territory. A flurry of global news also makes it difficult to interpret the Continue Reading
It’s Been A Tough Week For Peak Oil Theorists
In news that is certain to upset adherents to the never-dying cult of Peak Oil, IHS Markit released a study on Sept. 25 indicating that, per their analysis of data Continue Reading
Aramco listing reshapes Saudi Arabia’s OPEC oil policy
Saudi Arabia’s plans to float state oil titan Aramco are prompting the country to think the unthinkable. Late last year, Saudi Arabia tried to get fellow oil producers around the Continue Reading
Mideast OPEC producers fret oil price rally may burn out
Middle East OPEC producers are concerned weak demand and excess supply in the first quarter of 2018 may undermine an oil price rally that has pushed Brent crude about 30 Continue Reading
Turkey Inches Closer To Disrupting Kurdish Oil Exports
Turkey supports Iraq’s decision that the oil trade should be done only by the central government, reaffirming it will deal only with Baghdad, in a move that could disrupt or Continue Reading
Saudis Raise $12.5B To Plug Budget Deficit From Low Oil Prices
Saudi Arabia said on Thursday that it had issued US$12.5 billion in three tranches of notes, the second issue under its Global Medium-Term Note program, as the desert Kingdom desperately Continue Reading
Libya Is Preparing To Ramp Up Oil Production
As a rather bullish sentiment has fallen over the oil markets, Libyan oil production is now set to rise after disruptions at the Sharara oil field are now behind it, Continue Reading
Qayarah and Haditha refineries re-open
Oil refineries are coming back online in northern Iraq as the Oil Ministry seeks to revive local economies and fuel the reconstruction of areas liberated from the self-proclaimed Islamic State Continue Reading