Oil rises toward four-year high as Iran sanctions loom
Oil traded above $85 a barrel and near a four-year high on Wednesday, supported by expectations that U.S. sanctions on Iran will tighten supply and strain the ability of Saudi Continue Reading
After lean years, Big Oil is under pressure to spend
Executives at the world’s biggest oil and gas companies are under growing pressure to loosen the purse strings to replenish reserves, halt output declines and take advantage of a crude Continue Reading
As oil prices rise, US locks in on Iran sanctions
Rising global oil prices will not deter the Trump administration from pushing sanctions forward on Iranian crude exports in November, several analysts told S&P Global Platts Tuesday. Receive daily email Continue Reading
WTI Discount To Brent Could Explode
WTI has typically traded at a discount to Brent, although the differential widens and narrows depending on specific dynamics affecting the two benchmarks. Back in 2012, when the shale bonanza Continue Reading
Citi: Brent-WTI Spread Could Widen To 5-Year High
Rising U.S. oil production, coupled with the Permian pipeline capacity constraints, are set to lead to a build-up in Cushing, Oklahoma, inventories that will put further pressure on the benchmark Continue Reading
U.S. showdown with Saudis could push NOPEC to the goal line
President Donald Trump ‘s tough words for OPEC could have some real teeth if the No Oil Producing and Exporting Cartels Act of 2018 gains momentum. The proposal, being kicked Continue Reading
Nigeria: At 58, Nigeria’s Oil Industry Still Without Bearing
After 58 years of independence, the state of the Nigerian oil industry has remained pathetic among other oil producers. Up till this moment, the industry lacks relevant and contemporary regulations. Continue Reading
Oil Rally Pauses After API Reports Small Build In Crude Inventories
The American Petroleum Institute (API) reported a build of 907,000 barrels of United States crude oil inventories for the week ending September 28, compared to analyst expectations that this week Continue Reading
ICE Brent crude oil futures dip to $84.62/b on stock build expectation, OPEC output rise; NYMEX WTI up at $75.33/b
Crude oil futures were lower during the European morning session Tuesday, as expectations of a rise in US stocks and OPEC’s increased production muted Monday’s bullishness caused by supply concerns Continue Reading
Underwhelming OPEC Fuels Oil Price Rally
Saudi Arabia had promised that it would ramp up oil production in September and again in October, despite the non-decision from OPEC+ on an official increase in output. However, a Continue Reading