Oil edges up on Saudi output cut and Iran sanctions
Oil prices rose on Tuesday after Saudi Arabia said it had cut production in July, though concerns over a slowdown in global economic growth kept a lid on markets. Benchmark Continue Reading
Oil Closes Slightly Lower After Volatile Session
Oil prices erased most of their losses and closed slightly lower Monday as traders faced increased OPEC production and a stronger dollar. Light, sweet crude for September delivery closed down Continue Reading
Oil edges lower as Cushing build adds to demand fears
Oil prices fell on Monday after data suggested inventories at the U.S. crude delivery hub rose in the latest week, compounding worries that troubled emerging markets and trade tensions will Continue Reading
The Real Reason Behind The Next Oil Squeeze
The last quarter has seen increased volatility in oil prices, an increase that I attribute to the growing tensions in international markets as fears of a global trade war intensify. Continue Reading
The Real Leader In Global Energy Production
Last week President Trump spoke to business leaders at a dinner. Daniel Dale, the Washington correspondent for the Toronto Star, posted several tweets about the dinner. In one, he wrote Continue Reading
OPEC July Crude Production Data
All OPEC data is from the latest OPEC Monthly Oil Market Report and is in thousand barrels per day. All data is through July 2018. OPEC crude oil production was Continue Reading
OPEC’s Output Rose in July Despite Decline in Saudi Oil Production
OPEC’s oil production ticked up slightly in July, the cartel said Monday, even as production in Saudi Arabia—the de facto leader of the group—declined. Crude oil output in the Organization Continue Reading
Saudi cuts oil output as OPEC points to 2019 surplus
LONDON (Reuters) – OPEC on Monday forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return Continue Reading
China committed to Iranian oil and gas
According to state-run media in Iran, Chinese companies are keen on buying oil from Iran despite unilateral sanctions put in place by the United States. Andrey Yu, the head of the Continue Reading
Saudi Arabia trims oil production despite vow to increase output
Saudi Arabia lowered its oil production in July even as the kingdom has pledged to raise output significantly to make up for an expected drop in Iranian exports. Opec’s largest Continue Reading