Soaring U.S. Oil Production Forces Prices Down
Oil prices continued to slide on Friday afternoon, despite a small decline in the U.S./Canadian rig count. Iran sanctions are just days away but the market has come around to Continue Reading
Falling Rig Count Fails To Lift Oil Prices
Baker Hughes reported a 1-rig decrease for oil and gas in the United States this week, bringing the total number of active oil and gas drilling rigs to 1,067 according Continue Reading
Top Commodity Traders Expect Oil Prices To Drop In 2019
Most of the world’s top oil trading houses expect oil prices to decline next year as slowing global economic growth and rising oil supply is expected to compensate for fewer Continue Reading
Crude’s Collapse & The ‘C’ Word
Why aren’t more people talking about this? It’s a huge development and nary a peep anywhere. The mainstream media is filled with baited expectations for 3% wage growth on Payroll Continue Reading
Oil market passes cyclical peak: John Kemp
The recovery in oil prices since the downturn of 2014/15 looks a lot like the upward adjustments that followed the slumps of 2008/09 and 1997/98, which could provide clues about Continue Reading
NYMEX December gas drops on mild weather outlook to $3.194/MMBtu
The NYMEX December natural gas futures contract dropped in US morning trading Friday, likely due to the mild weather forecast for much of November. Receive daily email alerts, subscriber notes Continue Reading
Crude oil futures lower as concerns ease over impact of Iran sanctions
Crude oil futures were lower in mid-morning trade in Asia Friday as concerns eased over the impact on supply of looming US sanctions on Iran. Receive daily email alerts, subscriber Continue Reading
Goldman Sachs: Brent To Hit $80 Before Year-End
Oil prices have fallen around 15 percent over the past month, and concerns about oversupply have rushed back. OPEC and the U.S. are both adding enormous volumes of fresh supply, Continue Reading
Oil falls again as U.S. allows Iran sanctions waivers
Oil prices slipped further on Friday, heading for a weekly loss of more than 6 percent, after a report that Washington has granted several countries waivers on sanctions on Tehran, Continue Reading
Big oil traders set to cash in on shipping fuel overhaul
The world’s biggest oil traders are gearing up to cash in on big disruptions that could hit the shipping fuel market in just over a year due to new U.N.-mandated Continue Reading