Oil prices fell more than one percent on Wednesday after a U.S. Gulf storm weakened and moved away from oil-producing areas and as concerns mounted about global trade disputes and Continue Reading
Oil extended losses on Wednesday, falling toward $77 a barrel, as a tropical storm hitting the U.S. Gulf coast weakened, offsetting support from forecasts of lower U.S. inventories and sanctions Continue Reading
NYMEX October crude settled 7 cents higher at $69.87/b Tuesday as Tropical Storm Gordon looked set to avoid key Gulf Coast oil infrastructure. Receive daily email alerts, subscriber notes & Continue Reading
Building on last week’s rally, which was spurred by fears of an impending supply crunch, oil prices are quickly approaching a two-month high with $80 Brent well within reach. U.S. Continue Reading
The investment bank significantly raised its pricing forecast for 2020 and 2025 in its annual medium-term oil report. Barclays expects Brent to average $75 per barrel in 2020, up from Continue Reading
West Texas Intermediate could rise as high as US$95 a barrel by this winter on the back of a number of factors, the leading among them the Iran sanctions, John Continue Reading
Summary Fear of low prices, electric vehicles and financial discipline are reducing investment in conventional oil projects. Less risky, “short-cycle” projects are gaining favor. Insufficient future supply could lead to Continue Reading
A relatively new development in global oil markets has unfolded in recent months, one that has replaced another new development that also has the ability to also roil oil markets. Continue Reading
Last week, Argentina’s peso fell by around 20 percent in just a few days, taking year-to-date losses over 50 percent. The central bank frantically hiked interest rates from 45 to Continue Reading
Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November, but gains were limited by higher supply from OPEC Continue Reading
