The Newest Arctic Chokepoint In Oil & Gas Shipping
The US Coast Guard identified a potential chokepoint in the Bering Strait thanks to increased oil and gas shipments, a new report showed on Monday. In a rather imperfect combination Continue Reading
June ICE Brent crude surges over $2/b amid talk US unlikely to extend Iran waivers
ICE June Brent crude oil futures jumped over 3%, or more than $2/b, mid-morning in Asia on Monday, amid talks that the US may end all current extensions granted for Continue Reading
Crude oil futures up during mid-afternoon trade in Asia on possible cessation of Iran sanction waivers
Crude oil futures were up over 2% for both ICE Brent and NYMEX WTI during mid-afternoon trade Monday as market sources speculated that the US may cease extension for Iranian Continue Reading
Oil prices climb as U.S. set to end Iran sanction waivers
Oil prices jumped on Monday as the United States looked set to announce that all buyers of Iranian oil must end their imports or be subject to sanctions. Brent crude Continue Reading
The Perfect Storm That Could Drive Oil Even Higher
After rallying more than 30 percent year to date, oil prices could be set for a further upside in coming weeks as a combination of near-term bullish supply-side factors could Continue Reading
Why Are Natural Gas Prices Crashing?
Shrugging off low levels of storage, natural gas prices have continued to plunge. The U.S. entered this past winter with natural gas supplies at a 15-year low . Paltry levels Continue Reading
Top Heavy Oil Markets Continue To Rally
U.S. West Texas Intermediate and international-benchmark Brent crude oil managed to eke-out a small gain for the holiday-shortened week, but the volatile, two-sided price action indicated cracks may be developing Continue Reading
Trump’s Oil Waiver Decision Is A Double-Edged Sword
Tokyo is still trying to prevent being caught in the geopolitical cross-fire between Washington and Tehran. On Friday, Japan’s Minister of Economy, Trade, and Industry (METI) Hiroshige Seko said that Continue Reading
U.S. prepares to end Iran oil waivers; Asian buyers to be hardest hit
The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation told Reuters, Continue Reading
U.S. to End Iran Oil Waivers to Drive Tehran’s Exports to Zero
The State Department is expected to announce the end of waivers for countries to import Iranian oil on Monday, part of the Trump administration’s effort to drive Iran’s exports to Continue Reading