What’s Next For Oil? No One Seems To Agree
Although oil production in the Permian Basin shows all signs of slowing down in the new year , the West Texas shale revolution is not over yet. In fact, shale Continue Reading
Oil Prices Head Lower Following Inventory Builds
The American Petroleum Institute (API) has estimated surprise crude oil inventory build of 1.1 million barrels for the week ending January 10, compared to analyst expectations of a 474,000-barrel draw Continue Reading
Oversupply Fears Are Front And Center In Oil Markets
The threat of a potential crisis in the Middle East has apparently disappeared for oil traders, with revitalized fears of oversupply now taking center stage. The EIA expects 42 gigawatts Continue Reading
Is Iran Preparing To Send Oil Back To $100?
Two of Saudi Arabia’s key oil sites are attacked and its oil production is more than halved but the US$70-75 per barrel of Brent oil barrier holds firm. The U.S. Continue Reading
US EIA lowers Q1 Henry Hub spot gas price forecast 35 cents to $2.27/MMBtu
New York — The US Energy Information Administration on Tuesday lowered by 35 cents to $2.27/MMBtu its first-quarter 2020 forecast for Henry Hub spot natural gas prices. Receive daily email Continue Reading
Crude oil futures higher on US-China trade deal optimism
Crude oil futures were higher during mid-morning trade in Asia Tuesday on market optimism ahead of the US-China phase one trade deal signing this week. However, anticipation of rising US Continue Reading
Oil extends decline as supply disruption fears recede
Oil prices slid toward $64 a barrel on Tuesday, extending four straight days of declines due to easing concerns of possible supply disruptions as a result of tensions in the Continue Reading
Are Oil Prices Still Too High?
China’s oil demand growth is expected to slow dramatically this year, a trend that should have a substantial impact on the global oil market. CNPC said that oil demand in Continue Reading
Why Gas Prices Aren’t Soaring On Iranian Conflict
Are we on the brink of war? It seems the answer could be yes as the United States and Iran trade attacks and counterattacks in the wake of the U.S. Continue Reading
Oil steady ahead of US-China phase one signing this week
Crude oil futures was stable during mid-morning trade in Asia Monday as market participants anticipated, as per media reports, that the US and China will sign phase 1 of the Continue Reading