Oil prices rose on Thursday, buoyed by a potential breakthrough in the Sino-U.S. trade war and OPEC-led efforts to constrain supply, although trading was quiet as many markets were in Continue Reading
Crude oil futures remained higher during mid-afternoon trade in Asia Thursday, supported by the US-China trade deal optimism and bullish US crude inventory data. At 1:52 pm in Singapore (0552 Continue Reading
Benchmark Dubai crude future spreads held largely steady in mid-morning trading hours in Asia on Thursday, as market participants in Asia digested several changes from Middle East oil producers to Continue Reading
The year that is drawing to a close has not been good for oil. Despite production caps across OPEC and beyond, and despite the extra-large number and size of production Continue Reading
Oil prices were relatively lifeless at the start of the week, holding onto recent gains, but not moving much in either direction. The U.S. consumed 3 quadrillion BTUs in 2018, Continue Reading
Oil settled above $61 a barrel amid light volume as U.S. President Donald Trump said a preliminary trade deal with China is “done” and ahead of government data expected to Continue Reading
Every price rally of 2019 has ended in tears. The latest will probably end similarly. It is based on hope that ending the U.S. – China trade war might improve Continue Reading
Coal prices are on course for their biggest annual fall in more than a decade, hurting producers of the fossil fuel but cutting raw-material costs for struggling steelmakers. The spot Continue Reading
Highlights RBOB rises as AAA forecasts record number of US holiday drivers ICE Brent-NYMEX WTI spread opens to three-week high Saudi-Kuwait neutral zone production agreement casts doubt on longevity of Continue Reading
Platts Dated Brent averaged $79/b over the last decade. The financial crisis, an unforeseen surge in US shale production and the combustible Middle East defined the period for oil markets. Continue Reading
