The US Energy Information Administration on Tuesday significantly reduced its forecast for WTI and Brent crude spot prices in 2019, largely due to record global output, particularly in the US, Continue Reading
U.S. fuel prices fell to their lowest level this year with an average as of Monday of $2.42 per gallon, or four cents below a week earlier, with potential for Continue Reading
Oil prices were under pressure on Tuesday amid worries over global stock markets and doubts that planned output cuts led by producer club OPEC will be enough to rein in Continue Reading
Analysts are weighing whether a Friday decision by the Organization of the Petroleum Exporting Countries and its allies to cut output by a collective 1.2 million barrels a day starting Continue Reading
Oil fell nearly 2 percent on Monday, echoing the weakness in global stock markets as the focus returned to demand growth concerns and crude prices erased some of the gains Continue Reading
Morgan Stanley has cut its Brent crude price forecast for 2019 by US$10 a barrel to US$68.50 in the latest sign yet that the OPEC+ production cuts announced after a Continue Reading
When oil falls, economic growth in major crude exporters suffers, while large importers are positioned to benefit . Falling oil prices can lift emerging-market currencies as importers need to exchange Continue Reading
Iran has set the official selling price (OSP) of its Iranian Light grade for its Asian buyers at 30 cents above the Platts Oman/Dubai average for January, $1 lower than Continue Reading
U.S. gasoline prices at the pump fell to the cheapest in about a year-and-a-half on Monday, driven lower by sagging crude oil prices and excess supply of the fuel, market Continue Reading
Brent crude oil futures rose on Monday after producer club OPEC and some non-affiliated suppliers last Friday agreed to a supply cut from January. Despite this, the price outlook for Continue Reading
