How likely is an oil-led market crash?
There’s a bullish outlook for oil even though there are a growing number of potential factors that could undermine demand in coming years. Despite these problems from trade wars, Brexit Continue Reading
Mixed market outlooks have OPEC, allies in wait-and-see mode for JMMC meeting
Oil prices have risen some 25% since the beginning of the year thanks, in large part, to production cuts by OPEC and its allies, no doubt buoying the sentiments of Continue Reading
Venezuela production woes tightens US supply outlook, pushing WTI to new high
Frontline WTI futures settled at a fresh four-month high Thursday as an ongoing crisis in Venezuela exacerbated supply concerns. NYMEX April WTI settled up 35 cents at $58.61/b while ICE May Continue Reading
Oil Prices Surge To Multi-Month Highs
Growing instability in Venezuela, and the potential of a slowdown in U.S. shale has pushed oil prices up to multi-month highs this week. Oil prices have surged to their highest Continue Reading
U.S. oil retreats from 2019 high on soaring production
U.S. crude futures briefly hit a 2019 high on Friday but retreated along with benchmark Brent oil as worries about the global economy and robust U.S. production put a brake Continue Reading
Crude oil futures stable ahead of OPEC meet
Crude oil futures were fairly stable during mid-morning trade in Asia Friday, as market participants were looking for fresh price cues from the OPEC meeting to be held early next Continue Reading
Oil prices firm as supply deficit emerges amid disruptions
Oil prices were firm on Friday amid production cuts led by OPEC and as U.S. sanctions against Venezuela and Iran likely created a slight deficit in global supply in the Continue Reading
Are Oil Markets Too Tight For Trump?
Oil prices jumped to their highest level since November this week, and the Trump administration deserves a lot of the credit. Sanctions on Iran and Venezuela together have combined to Continue Reading
Brent oil hits four-month high on OPEC cuts, sanctions on Venezuela and Iran
Brent crude oil prices rose on Thursday to their highest since mid-November last year, pushed up by OPEC-led supply cuts and U.S. sanctions against Venezuela and Iran. An unexpected dip Continue Reading
Crude oil futures trade higher on surprise drop in US stocks data
Crude oil futures were higher during mid-morning trade in Asia Wednesday after latest weekly data showed an unexpected drawdown in US crude stocks, while OPEC producers were expected to keep Continue Reading