Oil headed for its longest string of quarterly gains in more than a decade as impending supply disruptions threaten to fracture a global market with little margin for error. Futures Continue Reading
WTI and Brent held onto their gains during early trading on Friday and look set to close out the week strongly up. The tension between dwindling Iranian supply and the Continue Reading
The price of Brent crude, the international oil price gauge, has risen by 22% this year. But the cost has doubled if you’re buying in Turkish lira. It is up Continue Reading
Crude oil futures were stable to higher in mid-morning trade in Asia Friday as market participants continued to focus on the impact of the looming loss of crude barrels due Continue Reading
Oil prices are likely to climb continuously into next year, as concerns over drops in supply from the likes of Iran and Venezuela outweigh any worry that global trade disputes Continue Reading
Sanctions against Iran could contribute to a “nasty gap” in the market at year-end, with oil prices potentially reaching $100/b, but probably not for a prolonged period, Standard Chartered bank’s Continue Reading
That’s the start of a new report from Wood Mackenzie, which concludes that a supply gap could emerge in the mid-2020s as demand rises at a time when too few Continue Reading
A squeeze on oil demand is looming as a result of the U.S.-China trade war, a senior BP executive told Reuters. Acknowledging the bullish effect of U.S. sanctions on Iran Continue Reading
Although gasoline demand has started to slow down the end of the summer driving season, U.S. gasoline prices are bucking the trend and sitting at their highest for this season Continue Reading
“Oil is trading higher this morning after U.S. Energy Secretary Rick Perry said that there are no plans for the U.S. to release oil from its Strategic Petroleum Reserves,” according Continue Reading
