Traders In Limbo As Mounting Uncertainty Pulls Oil In All Directions
Crude oil prices are expected to finish the week higher, but the price action late in the week suggests the market may be getting a little top heavy. Early in Continue Reading
Crude slips on rig count; supply concerns in focus
Crude oil futures slips during mid-afternoon trade Monday on the back of higher rig counts in the US, but supply concerns remained in focus for now, industry sources said. At Continue Reading
Brent Could Hit $80 This Summer As Hedge Funds Lose Steam
Brent Crude and WTI Crude prices hit a five-month high this week amid signs of tightening market and clashes in wildcard OPEC producer Libya. Brent Crude topped $71 and WTI Continue Reading
Interview: Oil prices above $70/b already hurting demand growth – IEA’s Birol
Current oil prices above $70/b are already starting to drag on global oil demand and threaten to soften demand growth forecasts this year, the International Energy Agency’s executive director Fatih Continue Reading
Oil pauses; focus on future supply direction
Oil prices nudged lower on Monday after international benchmark Brent hit a fresh five-month high in the previous session, with investors eyeing mixed signals on global supply. Brent crude oil Continue Reading
Robots Take Over Oil Trade And OPEC Is Scared To Death
Artificial intelligence has been making inroads into the oil and gas industry for a while now after the industry realized all the benefits it could reap from the deployment of Continue Reading
All aboard! Treasure on the high seas for gas dealers
In the booming market for super cooled natural supercooled most precious commodity is the ship. A global quest for cleaner energy has fired up demand for liquefied natural gas (LNG), Continue Reading
OPEC may raise oil output if prices increase, shortages…
OPEC may raise oil output from July if Venezuelan and Iranian supply drops further and prices keep rallying, because extending production cuts with Russia and other allies could overtighten the Continue Reading
Iran says U.S. pressures on Iran, Venezuela making oil market fragile
Iran’s oil minister said on Sunday that U.S. sanctions on Iran and Venezuela and tensions in Libya have made the supply-demand balance in the global oil market fragile, and warned Continue Reading
Saudi Aramco increases gasoline prices starting April 14: statement
Saudi Arabia raised the local price for Octane 95 gasoline to 2.10 Riyals from 2.02 Riyals last quarter and Octane 91 to 1.44 Riyals from 1.37 Riyals per liter, state Continue Reading