USGC leads crude stock build on higher imports Cushing crude inventories tightening Refinery runs expected to rise Crude futures fell Wednesday after the US Energy Information Administration reported crude and Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Wednesday after a bearish report on US crude inventories and as market participants remained on the sidelines ahead of the Continue Reading
Oil prices were up on Tuesday as Washington agreed to delay the scheduled December 15th tariff hike on China. The impact of the OPEC+ production cut agreement on markets has Continue Reading
The American Petroleum Institute (API) has estimated a crude oil inventory build of 1.41 million barrels for the week ending December 4, compared to analyst expectations of a 2.763-million-barrel draw Continue Reading
The price of oil has been trapped in the mid-$50s because of fear: 1) Fear that OPEC+ would break ranks and flood the global market with oil. 2) Fear of Continue Reading
US EIA raises expected Q1 gas marketed production by 280 MMcf/d to 102.2 Bcf/d US EIA raises Q1 gas demand forecast by 2.14 Bcf/d to 104.54 Bcf/d Washington — The Continue Reading
Residual fuel sulfur spread more than doubles since July Demand for low-sulfur fuels drives US refinery utilization higher US retail gasoline, diesel prices to remain steady in 2020 Washington — Continue Reading
Oil prices slipped for a second straight session on Tuesday as a slowing global demand outlook outweighed OPEC’s deal with associated producers last week to deepen output cuts in 2020. Continue Reading
Goldman Sachs lifted its crude oil price forecast for 2020 on the grounds that OPEC’s deeper production cuts will help the market avoid oversupply, Bloomberg reports, citing an emailed report Continue Reading
The OPEC+ deal could push oil prices back to $70 per barrel next year, assuming all goes according to plan. The combination of raising the production cuts to 1.7 million Continue Reading
