Higher Oil Prices Could Unleash Market Turmoil
While traders have been closely following the push higher in 10Y yields, which rose as high as 2.996 percent on Monday, as well as the dramatic short squeeze in the Continue Reading
Oil Prices Tumble After Brent Breaks $75
Natural gas production in Pennsylvania topped 15 billion cubic feet per day (Bcf/d) in 2017, a 3 percent increase from the year before. – The Marcellus and Utica shales are Continue Reading
Goldman: Oil Demand Will Continue To Soar
Oil demand is growing, and production is falling. This is the message we have been receiving for a few weeks now with increasingly frequency, especially after OPEC’s leader Saudi Arabia Continue Reading
High gas prices not yet crimping demand
Higher retail gasoline prices in the United States aren’t doing much yet to crimp demand, which is testing multi-year highs, a market reports find. Motor club AAA reported a national Continue Reading
Is This The Most Bullish Oil Market Of All Time?
Money managers are overwhelmingly betting that oil prices will continue to rise in the short term as geopolitical wild cards trump concerns that U.S. shale and other non-OPEC supply growth Continue Reading
Oil tops $75, highest since 2014 OPEC meeting that led to pump war
Oil rose on Tuesday above $75 a barrel to its highest since November 2014, supported by OPEC-led production cuts, strong demand and the prospect of renewed U.S. sanctions on Iran. Continue Reading
Oil rebounds even as Iran dashes hopes of OPEC cut extension
Global benchmark Brent crude turned positive in volatile trade on Monday as it jockeyed between downward pressure after Iran dashed hopes that OPEC would extend its production cap pact and Continue Reading
What Is A ‘Fair’ Price For Oil?
Last week, oil prices hit their highest level since late 2014 on the back of continued global and U.S. stockpile drawdowns and expectations that oil demand growth will stay strong Continue Reading
Hedge Funds Are Certain Oil Prices Will Head Higher
Money managers have amassed close to record long positions in the six-major oil-linked futures and option contracts, and the ratio of longs to shorts is even higher than when it Continue Reading
The Next Winners From the Oil Rally
Oil prices may be “artificially Very High,” as Donald Trump alleged last week, but that hasn’t boosted an industry that should be a key beneficiary. On Monday morning Halliburton HAL Continue Reading