Oil prices rise over 2 percent on trade talk optimism
Oil prices rose more than 2 percent on Tuesday, supported by hopes that crude demand may rise more quickly if talks between U.S. and Chinese officials resolve the trade dispute Continue Reading
U.S. fuel prices fall as demand hits 22-month low
Gasoline prices in the United States have now fallen for 12 straight weeks, with the national average as of Monday at $2.24 per gallon, alongside reports indicating the weakest demand Continue Reading
Crude oil futures up ahead of weekly US inventory data
Crude oil futures were marginally higher during mid-morning trade in Asia Tuesday ahead of the release of the US’ inventory report for last week amid mixed analysts’ expectations. Sweet crude contract Continue Reading
Oil prices steady on trade talk hopes and OPEC cuts, but slowdown looms
Oil prices were stable on Tuesday, supported by hopes that talks in Beijing between U.S. and Chinese officials might defuse trade disputes between the world’s biggest economies, while OPEC-led supply Continue Reading
Oil rises; lifted by OPEC cuts, steadying stock market
Oil prices edged higher on Monday, rebounding further from 1-1/2-year lows reached in December, on support from OPEC production cuts and steadying equities markets. Brent crude LCOc1 futures rose 27 Continue Reading
Is WTI Set To Rally?
U.S. crude oil prices hit the lowest in 18 months in the last week of 2018, having slumped by nearly 40 percent from four-year highs hit in early October. In Continue Reading
Goldman Sachs cuts 2019 Brent crude oil price forecast to $62.5/b
Goldman Sachs has cut its average price forecast for Brent crude oil this year by 11% as growing volumes of US shale oil reach the market, production costs fall and Continue Reading
The Overlooked Factor Driving The Rally In Oil
The overall sentiment among oil traders is wary these days. The OPEC+ production cuts went into effect at the start of 2019, but it’s too early to say who is Continue Reading
USAC jet fuel prices spike to 16-month high on supply woes
Jet fuel differentials on the US Atlantic Coast climbed to their highest levels in 16 months Monday as stock levels in the region continue to sag. S&P Global Platts assessed Continue Reading
London vehicle seeks to raise $1bn to hedge marine fuel clampdown
Some of the biggest names in shipping and oil trading are looking to raise $1bn for a vehicle aimed at profiting from a clampdown on highly polluting marine fuels, pitching Continue Reading