Can We Expect An Oil Price Spike In November?
In the first installment of this article we discussed the continued relevance of the four historic legs of an overall energy thesis for the price movement of oil. In that Continue Reading
Why Diesel Prices Are Set To Soar
The world is ticking down to a deadline that promises to have major ramifications in the global fuel markets. On January 1, 2020, the International Maritime Organization (IMO) will require Continue Reading
Oil Prices Inch Lower As Rig Count Rises
Baker Hughes reported a 4-rig increase to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs rose to 1,048 according to Continue Reading
Oil Posts Second Consecutive Week Of Gains
Crude oil fell slightly in early trading on Friday, but are still set to close out another week of gains, the second week in a row. The string of gains Continue Reading
Danger to oil demand from trade wars may offset price boost from Iran: Reuters poll
Oil analysts cut their price forecasts for 2018 for the first time in almost a year in August, given growing concern over the impact on crude demand from escalating trade Continue Reading
Labor Day weekend gas prices highest in four years
U.S. gasoline prices, as well as demand, remain high for the Labor Day weekend, the U.S. Energy Information Administration reported on Friday. The U.S. average retail price for regular gasoline, Continue Reading
Oil Approaches Six-Week High
The U.S. Energy Information Administration said Wednesday that U.S. crude inventories had come down by 2.6 million barrels last week, ahead of the one million barrel decline predicted by analysts Continue Reading
Crude rises to highest since July on sanction concerns
Oil prices rose on Thursday to the highest in more than a month, extending gains on growing evidence of disruptions to crude supply from Iran and Venezuela and after a Continue Reading
Don’t Expect A Price Shock In Natural Gas
A few months from now, the U.S. will enter the winter heating season with natural gas inventories at their lowest level in years, setting the stage for pricing risks, particularly Continue Reading
Analysts Forecast Average Price of Brent Crude in 2019
Rigzone highlights different forecasts for Brent Crude in 2019. The average price of Brent Crude will be between $70 and $80 per barrel in 2019, according to a new Rigzone Continue Reading