Here’s Where The OPEC Deal Gets Sticky
Oil prices plunged on May 25 when OPEC and its non-OPEC partners extended their production cut deal through March 2018. At the time, the market had not only expected deeper Continue Reading
Brent crude oil approaches $60 as markets tighten
Oil prices steadied on Friday, with benchmark Brent crude trading just below $60 a barrel, buoyed by comments from Saudi Arabia’s crown prince backing the extension of OPEC-led output cuts. Continue Reading
NYMEX November gas dips to $2.89/MMBtu despite bullish storage build
The NYMEX November natural gas futures contract fell Thursday despite the US Energy Information Administration announcing a lower-than-expected storage injection. The November contract settled at $2.89/MMBtu, down 2.9 cents from Continue Reading
Brent oil hits 27-month high on Saudi talk of extending supply cuts
Brent crude closed at a 27-month high on Thursday as the market focused more on comments from Saudi Arabia about ending a global supply glut instead of an unexpected increase Continue Reading
Why Are Oil And Gas Prices Diverging?
Dr. Kent Moors is an internationally recognized expert in oil and natural gas policy, risk management, emerging market economic development, and market risk assessment. His… Of course, the parallel between Continue Reading
Oil slips on higher U.S. crude inventories, production
Oil slipped on Thursday, pressured by an unexpected increase in U.S. crude inventories, high U.S. production and exports, but prices remained near multi-month highs as crude markets tightened. A pumpjack Continue Reading
Oil Prices Stabilize After Significant Gasoline Draw
With oil prices at multi-week highs thanks to reports from OPEC and demand outlook, some more good news is always appreciated but the EIA has refused to play along, reporting Continue Reading
U.S. crude slips on inventory build, gasoline rallies
U.S. oil prices slipped on Wednesday after a surprising increase in U.S. crude inventories, while U.S. gasoline futures rallied 1 percent on a sharp falloff in inventories. Brent crude edged Continue Reading
Oil price rally tested by shale expectations
After strong gains in previous sessions, crude oil prices retreated Wednesday on analyst expectations they had brushed up against a market ceiling. “Synchronized global growth, robust demand for oil, high Continue Reading
Can Oil Prices Go Above $60?
Brent hit $59.77 per barrel on September 26, but was back to $55 per barrel a few days later. There are many reasons why oil prices are struggling to break Continue Reading