Tighter oil market could be ‘short-lived’ on 2020 non-OPEC supply: IEA
OPEC will have an uphill battle if it wants to keep oil markets balanced next year as a potentially tighter oil market in the second half of 2019 starts to Continue Reading
Here’s why gasoline prices are dropping even as Middle East tensions escalate
The national average for a gallon of regular unleaded was $2.70 on Friday, according to AAA. Two decades ago, the industrialized world would have shuddered at the image of oil Continue Reading
Brent oil rises for second day after Middle East tanker attacks
Brent crude on Friday extended sharp gains from the previous day following attacks on two oil tankers in the Gulf of Oman that stoked concerns of reduced crude flows of Continue Reading
Oil prices rise 2% after tanker attacks near Iran
Oil prices settled 2.2% higher on Thursday after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude trade flows through one of the world’s Continue Reading
Oil prices surge after suspected tanker attack near Iran
Oil prices jumped as much as 4% on Thursday after a suspected attack on two tankers in the Gulf of Oman near Iran and the Strait of Hormuz, through which Continue Reading
Oil slumps 4% on U.S. crude build, slowing demand fears
Oil prices tumbled 4% on Wednesday to their lowest settlements in nearly five months, weakened by another unexpected rise in U.S. crude stockpiles and by a dimming outlook for global Continue Reading
IMO 2020 could cause Brent price spike to $80/b by end-2019: Platts Analytics
The oil market is likely to tighten further in the second half of the year due to further supply restraints and relatively healthy demand, with IMO 2020 potentially pushing Brent Continue Reading
Goldman: No One Knows What’s Going On In Oil Markets
There has always been a lot of uncertainty around oil demand and supply, and in recent years this uncertainty has become excessive. Now, this level of excess uncertainty has got Continue Reading
Crude oil futures fall on bearish API data, demand concerns
Crude oil futures were lower during mid-morning trade in Asia Wednesday, amid a build reported in US crude stocks last week while demand and supply concerns continued to exert downward Continue Reading
Oil Falls After API Reports Surprise Crude Build
The American Petroleum Institute (API) reported another large, surprise build in crude oil inventories of 4.852 million barrels for the week ending June 6, coming in over analyst expectations of Continue Reading