Despite optimism from Chinese data overnight, forecasts for lower OPEC+ output, and a weaker dollar, oil prices are tumbling this morning with WTI back below $64.50… Some have suggested the Continue Reading
Oil prices edged lower on Monday, pulling back from early gains fostered on strong Chinese economic news and ongoing supply restraint from major oil producers. Crude benchmarks have steadily climbed Continue Reading
The world’s top oil exporter, Saudi Arabia, wasn’t just thinking about the global oil market when it rolled over its extra production cut into April and had the members of Continue Reading
The United States could be on the cusp of a surge in gasoline prices with the price in some U.S. states rising to as much as $4 per gallon, according Continue Reading
Crude oil futures rose during the mid-morning trade in Asia March 15, as the market fell back on bullish macro fundamentals amid an absence of fresh cues. At 10:21 am Continue Reading
Oil opened the week in robust form after a raft of economic data from China added to signs of recovery from the coronavirus pandemic just as the OPEC+ alliance presses Continue Reading
Optimism seems to be ruling global oil markets at the moment. Even the recent OPEC report, in which the global oil group cut its demand predictions for Q2 2021 by Continue Reading
Oil settled near $70 a barrel on Friday, supported by production cuts by major oil producers and optimism about a demand recovery in the second half of the year. Benchmark Continue Reading
Oil in London fell for the first week in two months as signals of a patchy demand rebound across the globe and a stronger dollar held back a crude’s rally. Continue Reading
It is unlikely that the bullish sentiment currently driving oil markets can be sustained over a prolonged period, but Middle Eastern producers are determined to make the most over higher Continue Reading
