U.S. And China Hold Key To Higher Oil Prices
Oil prices have broken new multi-month highs, but the next level up may largely depend on what happens between the U.S. and Chinese trade negotiations. There have been conflicting reports Continue Reading
Second Surprise Crude Oil Draw Sends Prices Higher
The American Petroleum Institute (API) reported a surprise draw in crude oil inventory of 2.133 million barrels for the week ending March 15, coming in under analyst expectations of a Continue Reading
Oil prices firm on supply cuts, but slowing economy drags
Oil prices edged up on Wednesday, supported by ongoing supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, although gains were limited by concerns over Continue Reading
Oil Price Rally Hits Resistance
Oil prices have traded relatively flat on Tuesday morning, despite bullish news continuing to mount. U.S. natural gas production soared to a new all-time high in 2018, rising by a Continue Reading
Oil holds around 2019 highs ahead of U.S weekly data
Oil prices were largely steady around four-month highs on Tuesday on expectations that OPEC would continue production cuts till the end of the year, and ahead of weekly U.S. data Continue Reading
Trump’s Last Chance To Subdue Gasoline Prices
The oil industry has done its best to play down the oil market effect of the impending IMO 2020 rule. Executive after executive has tried to reassure politicians and policy Continue Reading
Crude oil futures largely stable after OPEC meeting
Crude oil futures were largely stable during mid-morning trade in Asia Tuesday, after the OPEC meeting left the market with little clarity on the duration of the supply cut agreement. Continue Reading
“Perfect Storm” Drives Oil Prices Higher
Oil prices have already hit four-month highs, forcing a range of analysts to overhaul their expectations for this year. “The latest Brent rally has brought prices to our peak forecast Continue Reading
Oil prices hover close to 2019 highs on OPEC output cuts, U.S. sanctions
Oil prices were near 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC. U.S. sanctions against oil producers Iran and Venezuela are also boosting prices, although Continue Reading
Oil closes in on four-month highs on OPEC cuts, U.S. stock draw
Oil prices rose to near four-month highs on Monday, supported by the prospect of extended OPEC-led oil supply curbs and signs of inventory declines in U.S. crude stockpiles. Brent crude Continue Reading