The U.S. Energy Information Administration’s Brent spot average price forecast for 2021 has jumped to $68.78 per barrel. The U.S. Energy Information Administration’s (EIA) Brent spot average price forecast for Continue Reading
Crude oil futures were steady during mid-morning trade in Asia July 9, as bullishness due to robust US Energy Information Administration data faded quickly amid concerns over a rise in Continue Reading
Oil headed for the biggest weekly loss since May as a dispute between Saudi Arabia and the United Arab Emirates clouded the outlook for supply just as the spread of Continue Reading
Oil prices rose on Thursday, rebounding from early losses after U.S. government data showed a much bigger drop than expected in crude and gasoline inventories. Still, Brent prices remained about Continue Reading
Oil rebounded after a U.S. government report showed rapidly declining inventories and record-high fuel demand in the midst of the peak summer driving season. Futures edged higher after earlier falling Continue Reading
Way back in March, a veritable eternity ago if you measure by the daily news cycle, Oilprice reported that high oil prices were coming down the pike, and while oil Continue Reading
Crude oil futures extended overnight losses during mid-morning Asian trade July 8 as the release of bullish American Petroleum Institute data failed to lift market sentiment, amid fears of a Continue Reading
Oil prices fell for a third day on Thursday amid uncertainty oversupply after the collapse this week of talks among major producers which could potentially cause the current output agreement Continue Reading
Oil fell for a third straight session as the dollar rose and investors awaited further signals from the OPEC+ alliance on its production policy after a dispute upended talks. Futures Continue Reading
At mid-year 2021 we find that we are in an unsettled state with respect to crude supplies. Of the three largest contributors to global supply, the U.S.A., Russia, and OPEC+ Continue Reading
