WTI Settles Below $59
Oil plunged the most in nearly two weeks as growing delays in Europe’s reopening and looming Iranian supply dampened hopes for a swift decline in global inventories. Futures in New Continue Reading
Goldman Sachs Sees Large Oil Demand Rebound This Summer
Goldman Sachs is still bullish on oil and anticipates strong demand that would require OPEC+ putting another 2 million barrels per day (bpd) on the market in the third quarter, Continue Reading
Oil slips to $64 as rising OPEC+, Iranian output weighs
Oil slipped to around $64 a barrel on Monday as rising supply from OPEC+ and higher Iranian output countered signs of a strong economic rebound in the United States and Continue Reading
Oil Declines After OPEC+ Wagers Market Can Absorb Extra Barrels
Oil retreated after OPEC+ decided to ramp up output over the three months to July and figures showed coronavirus infections in India hit a record, highlighting risks to energy demand Continue Reading
Asia crude oil: Key market indicators this week
Crude oil futures retreated marginally during mid-morning trade in Asia on April 5, after the OPEC+ alliance announced its plans late April 1 to gradually taper off production cuts from Continue Reading
Saudis Hike Oil Prices for Key Asia Market in Sign of Confidence
Saudi Arabia raised prices for oil shipments to customers in its main market of Asia, signaling the kingdom’s confidence in the region’s economic recovery. The decision comes after the OPEC+ Continue Reading
Oil Prices Post Healthy Gains
WTI and Brent crude oil futures posted solid increases Thursday. West Texas Intermediate (WTI) and Brent crude oil futures posted solid increases Thursday. WTI for May delivery gained $2.29 to Continue Reading
Crude oil futures rise on inventory draws, expectation of OPEC+ support
Crude oil futures rose during Asian mid-morning trade April 1 after data from the US Energy Information Administration showed a draw in crude and gasoline inventories, with the market gleaning Continue Reading
Oil Climbs Above $60 as OPEC+ Faces Critical Decision on Supply
Oil rose above $60 a barrel in New York ahead of a high-stakes OPEC+ policy meeting, with producers debating whether to extend deep supply curbs to drain stockpiles and safeguard Continue Reading
Oil Futures Decline As France Locks Down
Oil fell the most in roughly a week after France announced it will start a month-long lockdown. (Bloomberg) — Oil fell the most in roughly a week after France announced Continue Reading