Nord Stream 2 Is Losing Support In Germany
The Nord Stream 2 pipeline is running into some trouble amid withering opposition from the Trump administration. Support for the Nord Stream 2 pipeline in Germany is slipping, according to Continue Reading
Europe’s ban on single-hull river barges enters force at end of drought-hit year
A ban on single-hull barges carrying oil products on Europe’s inland waterways came into force at the end of 2018 — a year that saw double-hull barges unable to navigate Continue Reading
Population: Control or Perish
French Institute of Demographic Studies projected that by the end of this century there will be 10 to 11 billion people on the planet. The world population will jump from Continue Reading
Crude oil futures up ahead of weekly US inventory data
Crude oil futures were marginally higher during mid-morning trade in Asia Tuesday ahead of the release of the US’ inventory report for last week amid mixed analysts’ expectations. Sweet crude contract Continue Reading
Oil prices steady on trade talk hopes and OPEC cuts, but slowdown looms
Oil prices were stable on Tuesday, supported by hopes that talks in Beijing between U.S. and Chinese officials might defuse trade disputes between the world’s biggest economies, while OPEC-led supply Continue Reading
Oil rises; lifted by OPEC cuts, steadying stock market
Oil prices edged higher on Monday, rebounding further from 1-1/2-year lows reached in December, on support from OPEC production cuts and steadying equities markets. Brent crude LCOc1 futures rose 27 Continue Reading
Is WTI Set To Rally?
U.S. crude oil prices hit the lowest in 18 months in the last week of 2018, having slumped by nearly 40 percent from four-year highs hit in early October. In Continue Reading
Goldman Sachs cuts 2019 Brent crude oil price forecast to $62.5/b
Goldman Sachs has cut its average price forecast for Brent crude oil this year by 11% as growing volumes of US shale oil reach the market, production costs fall and Continue Reading
The Overlooked Factor Driving The Rally In Oil
The overall sentiment among oil traders is wary these days. The OPEC+ production cuts went into effect at the start of 2019, but it’s too early to say who is Continue Reading
Libya Aims To Double Oil Production Within 2 Years
Libya plans to pump 2.1 million bpd of crude oil by 2021 if the security situation improves, the chairman of the National Oil Corporation, Mustafa Sanalla, said as quoted by Continue Reading