OPEC+, Russia Oil News: Vladimir Putin Orders Support
Russian President Vladimir Putin gave his government until June 15 to come up with a plan to support the country’s oil industry while the output is slashed under an agreement Continue Reading
Europe’s Last Dictatorship On Collision Course With Russia
As much as Russia’s dealings with its neighbors are predominantly perceived as an exercise in brandishing the good old “energy weapon”, Moscow has been having a hard time with its Continue Reading
China tension, market correction halt crude oil rally for now
A weeks-long run on climbing crude oil prices came to a halt Friday courtesy of a combination of heightened geopolitical and economic tensions involving China. Front-month NYMEX WTI crude prices Continue Reading
Oil Rally Stalls On Demand Concerns
July West Texas Intermediate crude oil futures are under pressure on Friday, but still in a position to finish higher for the week. This week’s rally has been fueled by Continue Reading
Is The Oil Rally Coming To An End?
Oil prices are continuously rising despite the uncertainty surrounding COVID-19, with WTI nearing a two-month high on Friday morning For further research, analysis and trade recommendations, make sure you read Continue Reading
Oil Posts Fourth Weekly Gain Despite Doubts Over China Growth
l fell, paring a weekly gain, as investors weighed improving supply fundamentals against doubts surrounding China’s economic growth. Futures in New York slid 2% Friday but notched a 13% increase Continue Reading
Oil falls on China-U.S. tensions, energy demand doubts
Oil prices tumbled about 2% on Friday on rising U.S.-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis. Fuel demand plummeted in recent months Continue Reading
Oil Price Disruption Eases as Physical Crude Demand Jumps
In a sign that oil markets are returning to relative normality, the once yawning gap between the price of an actual physical barrel of oil and futures prices has narrowed Continue Reading
Goldman Sachs: OPEC To Dominate Oil Markets For The Foreseeable Future
OPEC will regain its position as a dominant force on international oil markets after the world emerges from the current crisis, Goldman Sachs analysts have forecast in a report titled Continue Reading
Back To The 90s For Oil, Says Goldman Sachs
It’s “back to the future” for oil, says Goldman Sachs, as low prices reshape the industry into how it looked in the 1990s, including a dominant position for the Organization Continue Reading