Crude oil futures were higher during midmorning trade in Asia June 3 as the American Petroleum Institute reported a large draw in crude inventories, reinforcing the narrative that fundamentals in Continue Reading
Money managers reduced their bullish bets on the six most important petroleum contracts, but they bought more WTI Crude futures in the week to May 25 amid strong fundamentals for Continue Reading
The surge in climate activism demanding that Big Oil drastically cut emissions and shift strategies to investment in low-carbon energy instead of oil and gas could result in a surge Continue Reading
OPEC+ Boosts Output for July Oil extended gains after closing at the highest since October 2018 as an industry report pointing to a decline in U.S. crude inventories reinforced optimism Continue Reading
OPEC Output Hike ‘100%’ About Iran Oil Uncertainty: Analyst Sen Oil extended gains after closing at the highest since October 2018 as OPEC+ provided an upbeat assessment of the demand Continue Reading
Oil prices rose on Wednesday after OPEC and its allies stuck to their plan to cautiously bring back oil supply to the markets in June and July while expecting a Continue Reading
Oil resumed its advance, reaching the highest settlement in over two years with the OPEC+ alliance forecasting a tightening global crude market and a nuclear deal with Iran still up Continue Reading
OPEC and its allies forecast that oil demand will heavily outstrip supply from August without further production increases. That suggests crude’s 35% surge this year to more than $70 a Continue Reading
U.S. crude futures climbed to the highest in more than two and a half years after the OPEC+ alliance forecast a tightening global market ahead of a production policy meeting. Continue Reading
Oil prices rose on Tuesday, with Brent topping $70 and trading at its highest since March, as optimism grew over the fuel demand outlook during the summer driving season of Continue Reading
