Oil Prices Falter on Supply Assurances
Oil fell to the lowest in a week after U.S. crude stockpiles topped half a billion barrels and the International Energy Agency said global supplies are plentiful. Futures in New Continue Reading
Physical Oil Market Weakens With China Buyers on Sidelines
The market for physical crude barrels in Asia is showing signs of weakness with muted buying from some in China leading to ample supply. Spot differentials for cargoes scheduled to Continue Reading
OIL FUTURES: RBOB falls 2.6% after unexpected US gasoline inventory build
Highlights US gasoline stocks rose 470,000 barrels on import surge RBOB cracks hit nine-day low US crude stocks up 2.4 million barrels RBOB futures fell sharply March 17 amid an Continue Reading
Oil Prices Inch Lower As Crude Inventories Continue To Build
The Energy Information Administration reported a crude oil inventory build of 2.4 million barrels for the week to March 12, up/down from a build of 13.8 million barrels the authority Continue Reading
Oil Market Report – March 2021
World oil demand is expected to rebound by 5.5 mb/d in 2021 after contracting by 8.7 mb/d in 2020. Consumption appears to be slightly higher than expected in 1Q21, supported Continue Reading
Never Mind Peak Oil, Global Forecaster Calls Peak Gasoline
The world’s thirst for gasoline isn’t likely to return to pre-pandemic levels, the International Energy Agency forecast, calling a peak for the fuel that has powered personal transportation for more Continue Reading
Key oil market forecasts from the IEA’s Oil 2021 report
The International Energy Agency published its latest medium-term oil market outlook on March. 17 containing closely-watched forecasts for oil supply and demand fundamentals to 2026. Below are the main projections Continue Reading
Rising oil demand to outpace OPEC supply growth, shrinking spare capacity cushion: IEA
The world’s growing thirst for oil, combined with lackluster upstream investment, will require OPEC to pump close to maximum capacity in the coming years, leaving the market more vulnerable to Continue Reading
Everywhere You Look, the Global Supply Chain Is a Mess
Supply chain woes mounted world-wide for makers of everything from cars and clothing to home siding and medical needle containers, as the extreme Texas weather and port backlogs compounded problems Continue Reading
Big Oil’s Hottest Prospects In 2021
Judging by the first 3 months of 2021 it seems that this year has gone off into a wrong start, instead of economic rebounds we face a third rendition of Continue Reading