Global oil inventories will have re-balanced by mid-2018 Backwardation forecast to strengthen further in second quarter OPEC’s desire to clear the global oil inventory overhang may come sooner than expected, Continue Reading
Oil and gas analysts at investment banking firm Jefferies raise their 2018 Brent Crude and WTI oil price forecasts. Oil and gas analysts at investment banking firm Jefferies have raised Continue Reading
A decline in gasoline demand during the winter months means U.S. motorists should see gas prices inch lower, but only relatively speaking, market reports find. Motor club AAA lists a Continue Reading
Oil edged up towards $64 a barrel on Tuesday, supported by the Forties pipeline outage in the North Sea, OPEC-led supply cuts and expectations that U.S. crude inventories fell for Continue Reading
Oil prices settled lower Monday, reversing gains after a potential oil worker strike in Nigeria was called off, easing supply concerns. Light, sweet crude for January delivery lost 14 cents, Continue Reading
Nigerian oil worker talks will continue in January: Pengassan Repairs to cracked North Sea oil pipeline proceeding to plan Crude lingered near $57 a barrel for a third day as Continue Reading
Oil is on course for a second annual gain after last month’s decision by OPEC and its allies to extend production curbs in a bid to shrink bloated inventories. While Continue Reading
Oil prices rose on Monday amid an ongoing North Sea pipeline outage and because a strike by Nigerian oil workers threatened its crude exports. Signs that booming U.S. crude output Continue Reading
Oil is on course for a second annual gain after last month’s decision by OPEC and its allies to extend production curbs in a bid to shrink bloated inventories. While Continue Reading
Oil prices are set to close out the year somewhere around 15 percent up, and the oil market looks more stable than it has in years. But what does 2018 Continue Reading
