Hedge fund oil bulls on the rampage as bears vanish: Kemp
Hedge fund managers have never seemed so convinced that oil prices are set to rise rather than fall in the near term, according to the latest positioning data published by Continue Reading
High oil price not the albatross it once was for US economy
The global oil price is trading at its highest price in more than four years, and it seems that a number of additional price spikes are on the way, as Continue Reading
Iran switches from dollar to euro
The headquaters of the Central Bank of the Islamic Republic of Iran, in Tehran [file photo] Iran’s feud with the US is set to get worse after Tehran announced yesterday Continue Reading
OPEC’s Biggest Problem
A constant feature of the oil market is the prospect of unforeseen supply outages, whether from war, industrial accidents, sabotage, natural disasters or more mundane operational problems. These outages range Continue Reading
OPEC Strategy Bears Fruit As Oil Prices Break Out
In late 2016 OPEC engineered significant oil production cuts in order to address an oversupplied oil market. Global crude oil inventories had reached record highs, and the price of oil Continue Reading
Will Trump Come Out Swinging Against Saudi Oil?
After the roil in global oil markets between 2015 and 2017 sent oil prices tumbling from more than $100 per barrel in mid-2014 to below the $30 per barrel mark Continue Reading
Insurgents use intimidation to amplify influence
In the village of Fariq, southeast of Kirkuk, the militants of the self-proclaimed Islamic State (IS) group entered the local mosque with an air of casual confidence that shocked the Continue Reading
Russia eyes free trade with Iran
Russian Prime Minister Dmitry Medvedev signs an interim agreement that sets up a free-trade agreement with Iran. Both countries are facing increased U.S. economic pressures. Photo by Yuri Gripas/UPI April Continue Reading
Crude Wipes Out Losses as Arabian Peninsula Conflict Heats Up
Middle East tensions divert attention from metals-led rout Senior Houthi leader killed; Saudis intercept missiles Crude erased losses as escalating conflict in the Mideast region that’s home to almost half Continue Reading
‘Back-slider’ Iraq keeps oil export levels steady
Iraq reported March export levels were more or less on par with the average so far this year, which would suggest its compliance with an OPEC-led effort to balance the Continue Reading