Oil plunges 6 percent as economic slowdown fears grip market
Oil prices plunged more than 6 percent to the lowest level in more than a year on Monday, pulling back sharply late in the session as fears of an economic Continue Reading
Argus Remains Bullish On Oil As Prices Plunge Below $45
Although the oil market will remain oversupplied in the first quarter of 2019, the OPEC+ producer cuts will start to work in the second quarter and gradually rebalance the market Continue Reading
World oil crisis looms as supply levels under threat
Oil prices continued their decline last week, with the market adversely affected by global financial turmoil, slowing growth and deteriorating liquidity. The week ended with losses of about $5 per Continue Reading
Brent crude edges up, but concern over demand limits gains
Oil prices edged up on Monday after evidence that a recent fall to 15-month lows may be affecting output in the United States, the world’s largest producer, although concern about Continue Reading
Lessons From The Oil Markets In 2018
Looking back over a period as long as a year may, to many traders, seem like a pointless exercise. One of the psychological traits needed if you are to trade Continue Reading
This Key Indicator Spells Trouble For Oil Investors
The price ratio between crude oil and natural gas has changed dramatically in the past few weeks, as crude prices have crashed at a time when natural gas prices hit Continue Reading
October will be main reference for oil output cuts: UAE Energy Minister
October’s production levels will be the reference point for oil output cuts for most OPEC and non-OPEC producers that agreed on cuts earlier this month, the UAE’s energy minister said Continue Reading
Crude drops more than 11 percent in week as supply weighs
Oil prices fell on Friday to their lowest since the third quarter of 2017, heading for losses of more than 11 percent in a week, as global oversupply kept buyers Continue Reading
UBS: Expect $80 Brent Next Year
Unlike some investment banks that were quick to revise down their forecast for crude oil benchmarks next year, Swiss UBS is rather bullish: its head of asset allocation for APAC, Continue Reading
The U.S. Shale Oil Industry Bloodbath Spreads As Oil Price Meltdown Continues
There is no better way to describe what is currently taking place in the U.S. Shale Oil Industry, then a bloodbath. Unfortunately, if the situation wasn’t bad enough for the shale Continue Reading