The Real Reason For The Big Sell Off In Oil
U.S. West Texas Intermediate Crude Oil futures are set to finish lower for the third straight week. What began as a simple pullback in a prolonged uptrend is rapidly becoming Continue Reading
Is The Oil Supply Glut Set To Return?
Is the oil market tightening too much or is a glut on the verge of making a comeback? There were a series of mixed messages from both OPEC and the Continue Reading
Is A Diesel Crunch Coming?
The new ship fuel regulations coming into force at the start of 2020 are set to create an initial confusion on the refining market and crude oil and oil product Continue Reading
Crude Oil Down Two-plus Percent for Week
The WTI and Brent crude oil futures contracts ended down for another week. The West Texas Intermediate (WTI) and Brent crude oil futures contracts ended another week lower. Although the Continue Reading
Oil rises ahead of Iran sanctions but falls for a third week
Oil prices rose on Friday, supported by expectations that sanctions on Iran would tighten global supplies, but futures posted a weekly drop as a slump in stock markets and concerns Continue Reading
Oil Prices Struggle To Regain Footing
Oil suffered steep losses this week on renewed fears that the supply surplus might make a comeback Saudi Arabia and Russia agree to extend cooperation. Saudi Arabia and Russia agreed Continue Reading
Hedge funds slash bullish bets on U.S. crude to lowest in a year
Hedge funds slashed their bullish wagers on U.S. crude in the latest week to the lowest level in more than a year, data showed on Friday, as equity markets slid, Continue Reading
Global oil pricing worries hit U.S. energy shares as earnings loom
Worries over global oil pricing and pipeline constraints are hanging over the energy sector as U.S. companies begin to report quarterly results, with many producers’ shares trading lower on the Continue Reading
Oil falls on oversupply worries despite Iran sanctions
Oil prices headed for a third weekly loss on Friday after Saudi Arabia warned of oversupply, while a slump in stock markets and concerns about trade clouded the outlook for Continue Reading
Oil recover with stock markets, demand concerns weigh
Oil prices rose on Thursday alongside U.S. stock markets as Wall Street recovered from the worst meltdown since 2011 the previous day, allaying some fears that a slowdown in global Continue Reading