The American Petroleum Institute (API) estimated on Tuesday a larger than anticipated crude oil inventory build of 4.18 million barrels for the week ending January 31, compared to analyst expectations Continue Reading
Just when investors were beginning to come to terms with weak oil demand amidst a synchronized global economic slowdown, a deadly viral outbreak in the world’s most populous nation has Continue Reading
OPEC+ is moving quickly to try to halt the meltdown in oil prices as the demand hit from the coronavirus continues to grow. The Joint Technical Committee (JTC) meets Tuesday Continue Reading
Crude oil futures were marginally higher in mid-morning trade in Asia Tuesday, rebounding from the sharp decline overnight, although analysts highlighted that the near-term outlook remains bearish. At 10:35 am Continue Reading
Oil prices continued their downward slide on Monday, with Brent crude falling 4.19% by 4:20pm EDT, hitting lows not seen in 13 months as oil demand falters as the death Continue Reading
Oil prices fell to the lowest in more than a year on Monday as the coronavirus outbreak curtailed Chinese demand and sparked potential supply cuts by OPEC and its allies. Continue Reading
The world’s biggest oil producers could be about to slash output as they grapple with the fallout of the coronavirus. Representatives of oil producers’ cartel Opec and its allies are Continue Reading
Citigroup has slashed its oil price forecasts for three of the quarters this year and doesn’t rule out Brent Crude sliding to as low as $47 a barrel as the bank Continue Reading
Opec and its allies are preparing emergency cuts in oil production after the crude price entered a bear market, driven lower by the impact of the coronavirus outbreak on demand Continue Reading
The cold weather has simply not arrived. After the lowest summer U.S. natural gas prices since 1998, the market has continued to fall this winter 2019-2020. The cold weather has Continue Reading
