Crude oil futures were higher during mid-morning trade in Asia Tuesday amid supply concerns stemming from the growing tension between the US and Saudi Arabia, while an expected rise in Continue Reading
Oil prices steadied on Monday, supported by geopolitical tension over the disappearance of a Saudi journalist that has stoked worries about supplies from Riyadh, but weighed by concern over long-term Continue Reading
Crude oil futures went for a wild ride in European trading Monday but settled down before U.S. markets opened, in part because U.S. President Donald Trump and Saudi Arabia are Continue Reading
Echoing commentary published here during the weekend, overnight Goldman’s chief commodity Jeffrey Currie repeated his recommendation to overweight allocation to oil to “hedge against increased geopolitical risks, driven by elevated Continue Reading
Demand for crude oil will be lower in 2019 and supply higher, the chief executive of French oil and gas group Total said on Tuesday. Higher oil prices and a Continue Reading
Natural gas storage is at record low levels but prices are falling going into winter heating season. Markets seem to be betting that wellhead supply will be sufficient to cover Continue Reading
Crude oil futures were higher during mid-morning trade in Asia Monday after the International Energy Agency forecast prices would remain high “for some time” and a spat between the US Continue Reading
Oil prices rose on Monday as tension over the disappearance of a prominent Saudi journalist stoked supply worries, although concerns over the long-term demand outlook dragged on sentiment. Brent crude Continue Reading
The world’s two big intergovernmental energy groups have updated their outlooks for the oil market to the end of next year – and they don’t make comfortable reading. High prices, Continue Reading
The oil market is “adequately supplied for now,” but the supply losses from Venezuela and Iran leave the market suffering from “strain,” according to a new report from the International Continue Reading
