Oil at $75: the five factors driving the price
Oil prices have risen as high as $75 a barrel for the first time in four years. But what has driven the rally and will it continue? Here are the Continue Reading
Oil Hedge Fund Manager Says $300 Oil ‘Not Impossible’
Andurand says on Twitter lack of investment risks price spike Higher prices aren’t a threat to the economy, Andurand says Pierre Andurand, one of oil’s most prominent hedge fund managers, Continue Reading
Lack of fuel subsidies could hasten Asian crude demand destruction: Russell
The term “demand destruction” is again entering the lexicon of the current crude oil market as the sharp rise in prices raises concerns about when do consumers start cutting back Continue Reading
Major Airlines Expect Oil Prices To Rise
Four months ago several large air carriers said they were in no rush to start hedging against further price increases in crude oil and fuel. Now they may be starting Continue Reading
Crude differentials gain in thin trading
U.S. crude differentials rose in light volumes on Friday, with Midland grades firming for a third straight day and Light Louisiana Sweet continuing to trade near three-month highs. U.S. crude’s Continue Reading
Oil inches down but Brent ends week firmer on Iran concerns
Oil prices edged lower on Friday, although Brent still gained for a third straight week amid supply concerns should the United States reimpose sanctions on Iran. Brent crude futures LCOc1 Continue Reading
Oil Prices Steady As Geopolitical Risks Calm
The diplomatic breakthrough on the Korean Peninsula is taking away one source of geopolitical risk for oil markets, at least for now, with prices dipping in early trading on Friday. Continue Reading
Eni feels confident as long as oil prices hold above $55 per barrel
Italian energy company Eni said it would be cash neutral so long as oil prices hold above $55 per barrel, boasting its own net production was up from last year. Continue Reading
Oil prices edge down, but concerns persist over Iran supplies
TOKOil prices edged lower on Friday, but Brent largely held its gains from the previous session amid concerns that Iran may face renewed sanctions, choking off supply. Global benchmark Brent Continue Reading
Forget Oil Price Forecasts, It’s Just Another Cycle
Profit season in the oil industry is in full swing, and the mood is upbeat: strict financial discipline is paying off, cash flows are improving (or emerging after a long Continue Reading