Is The Current Oil Price Rally A “Head Fake?”
With oil prices at their highest level since 2015, the next stop along the way seems to be $70 per barrel. However, some analysts see the more likely scenario as Continue Reading
U.S. oil hits highest since 2014, worries grow of overheated market
U.S. oil prices hit their highest since 2014 on Wednesday as OPEC-led production cuts and healthy demand helped to balance the market, but analysts warned of possible overheating. A broad, Continue Reading
Oil Prices Rise After API Reports Staggering Crude Oil Draw
The American Petroleum Institute (API) reported a staggeringly large draw of 11.19 million barrels of United States crude oil inventories for the week ending January 5, marking six large draws Continue Reading
Oil Prices Hit Three-Year Highs on Growth, Geopolitics
Oil prices closed at fresh three-year highs Tuesday, as geopolitical risk and confidence in global growth continued to buoy markets. Light, sweet crude for February delivery rose $1.23, or 2%, Continue Reading
U.S. EIA lifts 2018 world oil demand growth forecast
The U.S. Energy Information Administration on Tuesday raised its 2018 world oil demand growth forecast by 100,000 barrels per day from its previous estimate. In its monthly forecast, U.S. Energy Continue Reading
Can Oil Break The $70 Threshold?
As the oil price rally continues it is looking increasingly likely that Brent will break the $70 mark, a scenario that has OPEC on edge as prices move beyond its Continue Reading
EIA Boosts World Oil Demand Forecast For 2018 By 100,000 Bpd
World oil demand in 2018 is set to grow by an additional 100,000 barrels per day, according to the latest revision to the figure by the U.S. Energy Information Administration Continue Reading
The World’s Most Expensive Oil
When asked about the most expensive oil grade out there, those working in the oil industry are caught blindsided because there’s no easy way to answer this question. The price Continue Reading
Japan steps into offshore Brazil bonanza
A consortium of Japanese energy companies said Tuesday they agreed to invest in a long-term agreement involving floating production options for offshore Brazil. Japanese energy company Marubeni said it teamed Continue Reading
Mohammed bin Salman’s Next Saudi Challenge: Curtailing Ultraconservative Islam
Arwa Alneami wanted to be an artist ever since she was a child. But growing up in the conservative region of Asir, she was constrained by a rigid strain of Continue Reading