Crude oil futures were fluctuating near fresh three-year highs Thursday morning in European trade, as market jitters over a confrontation between Russia and the US in Syria largely outweighed bearish crude Continue Reading
The oil bulls are very content with the Vienna deal, its success (hitherto) and the prospects of another extension. The coming summer driving season is sure to boost this bullish Continue Reading
Source: U.S. Energy Information Administration, Short-Term Energy Outlook EIA forecasts that drivers in the United States will pay an average of $2.74 per gallon (gal) this summer for regular gasoline, Continue Reading
Oil markets remained tense on Thursday on concerns over a military escalation in Syria, although prices were some way off Wednesday’s late-2014 highs as bulging U.S. supplies weighed. A trade Continue Reading
The International Energy Agency said today that global oil demand will not peak in the near future and India’s vulnerability to high prices will increase with a surge in its Continue Reading
Oil prices soared on Wednesday morning after U.S. President Donald Trump tweeted earlier in the day that Russia would better “get ready” for U.S. missiles in Syria. At 08:33 a.m. Continue Reading
The Energy Information Administration reported a build in U.S. crude oil inventories of 3.3 million barrels for the week to April 6, double that of API’s estimate for a 1.76-million-barrel Continue Reading
U.S. crude stocks rose unexpectedly last week as imports jumped and production increased to another weekly record, the Energy Information Administration said on Wednesday. Crude inventories rose by 3.3 million Continue Reading
The rally in oil prices over the past year likely had more to do with higher demand rather than merely the supply taken off of the market by the OPEC/non-OPEC Continue Reading
The US Energy Information Administration has revised its forecast for average 2018 gasoline prices up 1.6% to $2.64/gal, it said in its most recent Short Term Energy Outlook. The latest Continue Reading
