Severe Weather Cuts Deadly Swath Across South
Residents across the South on Sunday were digging out from a barrage of heavy rains, wind storms and tornadoes that left several people dead and tens of thousands without power Continue Reading
Canada Faces A New Oil Price ‘’Blowout’’
Prices for heavy crude in Canada have fallen to $36.66 per barrel, once again coming under pressure because of limits on pipeline capacity. Western Canada Select (WCS) typically trades at Continue Reading
Russia Bets Big On The World’s Least Explored Oil Frontier
When the inaugural Russia-Africa summit was held in October 2019, most industry observers believed that the majority of projects under discussion would not get past the FID stage – in Continue Reading
UK annual economic growth slows to weakest since 2012 in November
Britain’s economy grew at its weakest annual pace in more than seven years in November, after output fell sharply that month, though a stronger performance in previous months brightened the Continue Reading
Crude oil futures dip as tensions ease; looks to fresh cues
Crude oil futures were lower during mid-morning trade in Asia Friday as geopolitical tensions in the Middle East eased and market participants look for fresh price cues to provide direction. Continue Reading
Oil Prices Slump As Iran Tensions Ease
U.S. West Texas Intermediate crude oil futures are in a position to finish sharply lower for the week after hitting a multi-month high just a few days ago. The selling Continue Reading
Bearish Sentiment Returns To Oil Markets
Oil prices have now fallen below where they were before the assassination of General Soleimani, suggesting that traders have turned their focus away from geopolitical tensions and are instead worrying Continue Reading
Oil Poised For Steepest Weekly Decline Since July
Oil prices were heading for their worst week since July early on Friday, as fears about a full-blown conflict between the U.S. and Iran in the Middle East subsided a Continue Reading
A Potential War with Iran—and Other Geopolitical Events—Just Don’t Bounce Oil Prices Like They Used To
It’s been the steady drumbeat that has defined the oil market over the last two years. As tensions have mounted between Iran and the U.S., each development—from renewed sanctions to Continue Reading
IEA: The Oil Glut Is Going Nowhere
Global oil markets will remain well supplied this year, with a possible overhang of some 1 million bpd, the head of the International Energy Agency, Fatih Bitol, told Reuters. “Non-OPEC Continue Reading