The Real Reason Russia Joined OPEC+
Russia is offering Mohammed bin Salman a slew of beneficial deals in order to lure Saudi Arabia away from the U.S. and into Putin’s sphere of influence. Saudi Arabia is Continue Reading
Crude oil futures steady after overnight rally as demand uncertainty remains
Crude oil futures were steady to marginally lower in mid-morning trade in Asia June 23 following an overnight rally, as demand uncertainty continues amid concerns of a second wave of Continue Reading
Oil prices seesaw after Navarro walks back comment saying U.S.-China trade deal was ‘over’
Oil prices were volatile on Tuesday after markets were spooked by surprise comments from White House trade adviser Peter Navarro saying a hard-won U.S-China trade deal was “over”, though he Continue Reading
OIL FUTURES: Crude climbs amid tightened supply and demand outlooks
Crude futures edged higher June 22 as the market weighed a tightening global supply picture against uncertain demand outlooks amid a spike in COVID-19 cases around the world. NYMEX July Continue Reading
Oil Prices Will Hit $50 Before The End Of The Year
There is plenty of bullish sentiment in oil markets despite fears of a second wave of COVID-19 cases and under compliance from some OPEC+ members. The second half of 2020 Continue Reading
Another Major Bank Turns Bullish On Oil
Bank of America has increased its average WTI crude price forecast by $7.70, adding to a trend of increasingly bullish forecasts. The forecast was altered due to stronger-than-expected demand recovery, Continue Reading
$40 Oil Is The New Normal
Oil prices are set to fluctuate around the $40 mark for the foreseeable future as there is too much downside risk for them to move much higher All eyes should Continue Reading
What’s Next For Big Oil?
The global COVID-19 pandemic has had a significant role to play in Big Oil’s shift towards cleaner energy. Three of the world’s biggest oil and gas companies are planning to Continue Reading
Oil Demand Could Return To Pre-COVID Levels In 2021
Russia’s Energy Minister believes crude oil demand could fully recover to pre-COVID levels by 2021 This statement came after the head of Russia’s sovereign wealth fund said there was no Continue Reading
Oil demand faces new threat as ‘green recovery’ hopes take root
As the world emerges from the economic wastelands of the coronavirus pandemic, hopes are growing that climate-friendly policies and behavior changes will speed the transition away from fossil fuels. But Continue Reading