Oil Prices Rise on Pipeline Shutdown Announcement
Oil prices rose and the global benchmark hit its highest level since 2015 Monday after the owner of a major European pipeline said it is shutting the system down for Continue Reading
Saudis To Slash Oil Exports To Asia By 100,000 Bpd
Saudi Arabia will cut its crude oil exports to Asia by more than 100,000 bpd in January compared to December, while keeping its shipments to Europe and the U.S. at Continue Reading
Are NatGas Prices About To Explode?
As I write this, Henry Hub (the primary confluence of pipelines in northern Louisiana at which the NYSE daily futures contract price is pegged) is off 11 cents to $2.79 Continue Reading
Oil prices slip under shadow of U.S. drilling
Oil markets edged lower on Monday as ongoing output cuts led by OPEC were countered by rising U.S. drilling activity that points to a further increase in American production. Brent Continue Reading
Is This The Top Of The Oil Market?
The surge in gasoline stocks offset the positive news of a crude inventory drawdown this week, deflating sentiment surrounding crude oil prices. Gasoline stocks jumped by a stunning 6.8 million Continue Reading
Is Oil About To Collapse?
When writing about markets, here and elsewhere, I usually try to avoid the temptation to write sensational things. Words like “collapse” and “crash”, or “surge” and “explode” attract clicks, which Continue Reading
Oil Jumps as Resurgent Chinese Demand Brightens Global Outlook
Shipments averaged 9.05 million barrels a day in November Oil rig count in the U.S. at highest level since September Crude edged higher as near-record Chinese orders for foreign crude Continue Reading
Oil rises 1 percent on China demand, but weekly losses loom
Oil prices rose more than 1 percent on Friday, helped by rising Chinese crude demand and threats of a strike in Africa’s largest oil exporter. But prices were still on Continue Reading
Why Oil Prices Bounced Back
On the tail end of a rather dull week in oil markets, crude prices recovered on Thursday and Friday following the Trump administration’s announcement that the U.S. will move its Continue Reading
Oil stable as strong Chinese demand counters rising dollar
Oil prices were stable on Friday as the weight of a strengthening U.S. dollar was countered by China’s relentless thirst for crude and the OPEC-led supply cuts that have gradually Continue Reading