Oil prices steadied on Monday as tensions over Iran’s nuclear program countered concerns about whether slowing global economic growth would hit oil demand. Brent crude futures fell 12 cents to Continue Reading
OPEC would be wise to avoid picking a fight with Greta Thunberg. The 16-year-old poster child of the Extinction Rebellion movement wants to bring the fossil fuel era to an Continue Reading
Oil prices rose on Monday, boosted by escalating tensions around Iran’s nuclear program and better-than-expected U.S. jobs data. Brent crude futures were up 34 cents by 0908 GMT at $64.57. Continue Reading
With the Trump-Xi meeting leading to a restart of trade negotiations and the OPEC+ summit resulting in an extension of the production cuts, two major uncertainties facing the oil market Continue Reading
Shipping companies, refineries, freight derivatives or diesel cracks? Investment funds are placing their bets as the shipping sector prepares for new rules limiting sulfur emissions from ocean-going vessels. Ever since Continue Reading
Concerns about weakening global economy and oil demand growth trumped simmering U.S.-Iran tensions and OPEC and allies’ rollover of the production cuts into 2020, sending oil prices early on Friday Continue Reading
Oil futures rose on Friday as tensions over Iran and an extension to output cuts by OPEC and its allies boosted prices, but mixed economic data limited the rally. Brent Continue Reading
Crude oil futures were stable to lower during mid-morning trade in Asia on Friday as economic growth and demand related concerns continued to pressure prices lower, while market participants waited Continue Reading
U.S. benchmark crude prices fell on weak economic indicators on Friday while Brent oil ticked higher, supported by tensions over Iran and this week’s decision by OPEC and its allies Continue Reading
Oil prices fell in thin trade on Thursday, weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles and worries about the global economy. Front-month Brent crude futures Continue Reading
