The outlook for oil demand growth in 2019 has dimmed due to worsening prospects for world trade, the International Energy Agency (IEA) said on Friday, although stimulus packages and developing Continue Reading
Growth in US oil production has kept prices at “reasonable levels” despite the recent oil tanker attacks near the Strait of Hormuz and other supply risks around the world, International Continue Reading
• Our 2018 oil demand growth estimate has been revised down by 70 kb/d to 1.2 mb/d and our 2019 forecast is reduced by 90 kb/d to 1.3 mb/d. Revisions Continue Reading
Risk levels associated with shipping crude oil and LNG via the Strait of Hormuz, the Middle East’s key shipping artery, have escalated sharply, inflating tanker costs in the region. US Continue Reading
The below charts, unless otherwise noted, were taken from the OPEC Monthly Oil Market Report . The data is through May, 2019 and is in thousand barrels per day. OPEC Continue Reading
The United States on Friday blamed Iran for attacks on two oil tankers at the entrance to the Gulf and said it was seeking international consensus about the threat to Continue Reading
The attacks, which the U.S. blamed on Iran but Tehran has denied, have exposed vulnerabilities in the vital trade route, the Saudi official said. Gulf states are struggling to mount Continue Reading
Europe and Russia on Friday urged caution over the explosions on two oil tankers in the Gulf of Oman as Donald Trump accused Iran of attacking the vessels, further heightening Continue Reading
The owner of a Japanese tanker attacked in the Gulf of Oman offered a different account Friday of the nature of the attack than that provided by the United States. Continue Reading
As tensions soared Friday between the United States and Iran, Iraqis weighed the prospect that their country would once again become a battleground for the two rivals. The recent military Continue Reading
