The Implications Of Soaring Diesel Prices
Refineries are producing excessive amounts of gasoline in a bid to cope with strong demand for diesel, Reuters’ John Kemp wrote in a recent column . As a result, gasoline Continue Reading
Oil markets heading into unprecedented uncertainty: IEA’s Birol
Oil markets are entering an unprecedented period of uncertainty due to geopolitical instability, the head of the International Energy Agency said on Tuesday. “We are entering an unprecedented period of Continue Reading
NYMEX December natural gas spikes 42.8 cents on colder weather, low inventory
The NYMEX December natural gas futures contract spiked 42.8 cents on colder weather and lower inventory, settling at $4.70/MMBtu Monday. Receive daily email alerts, subscriber notes & personalize your experience. Continue Reading
Crude oil futures higher as markets anticipate OPEC cuts
Crude oil futures were higher during mid-morning trade in Asia Monday as investors digested the possibility of OPEC and its allies cutting oil production in December. At 10:00 am Singapore Continue Reading
Oil climbs 1 percent on prospect of OPEC, Russia supply cut
Oil prices rose by around 1 percent on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC as well as perhaps Russia to cut supply toward Continue Reading
Can We Expect A Major Rebound In Oil Prices?
After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out. WTI hit a low point at $56 Continue Reading
Oil Prices May Have Reached A Bottom
Last Friday, oil prices fell for the 10th consecutive day. According to CNBC , this marked the longest losing streak for crude oil in 34 years. I have covered the Continue Reading
What The Oil Price Collapse Says About The Economy
In Tuesday’s technical update , I discussed the breakdown in the major markets both internationally as well as domestically. Of note, was the massive bear market in China which is Continue Reading
Trump Claims Victory As Oil Prices Plummet
Oil prices are now down over 20 percent from recent highs, and President Trump knows exactly where the credit for that belongs. “If you look at oil prices they’ve come Continue Reading
Oil Rebounds On Hopes Of OPEC+ Action
Oil prices rose on Friday morning as markets hope OPEC and partners will take action to reverse bearish sentiment. The most vital industry information will soon be right at your Continue Reading