Category: Prices

Oil in London climbed for a fourth straight week as efforts to clear an oil surplus are seen holding the market over until demand comes back in force. Global benchmark Continue Reading

Crude futures climbed to fresh 13-month highs Feb. 12 as oil demand outlooks improved amid signs of progress on US COVID-19 vaccination distribution and a coronavirus stimulus package.  NYMEX March Continue Reading

Just days after one of our favorite macro strategists, Dylan Grice, predicted that the stage is set for ” a bull market in oil “, and JPM quant Marko Kolanovic Continue Reading

Oil prices climbed more than 2% on Friday, hitting the highest levels in more than a year on hopes a U.S. stimulus will boost the economy and fuel demand, as Continue Reading

Analysts are divided over whether oil prices can continue to climb, with WTI nearing $60 and profit-taking having begun. With 2021 shaping up to be one of the most important Continue Reading

Oil slipped below $58 a barrel as a recent rally fizzled with the Covid-19 pandemic continuing to weigh on the demand outlook and as one technical indicator signaled prices may Continue Reading

 Oil prices dropped for a second day on Friday, pulling further back from a one-year high after OPEC again lowered its demand forecast and the International Energy Agency said the Continue Reading

Oil capped its longest winning streak in two years following the International Energy Agency’s bleaker outlook for global demand and signs that futures were overbought. Prices in New York slid Continue Reading

 Major energy institutions are adopting a cautionary tone over oil demand in 2021, with the International Energy Agency and OPEC on Feb. 11 joining the US Energy Information Administration in Continue Reading

The five integrated oil super majors closed their financial books for 2020 and their numbers looked dreadful. However it could have been worse. Their revenues fell an incredible 36%, from Continue Reading