This Oil Rally May Be Short-Lived
It’s been another week of upbeat OPEC reports—from secretary general Mohammed Barkindo’s belief that global oil demand will jump to over 100 million bpd by 2020 to the proud announcement Continue Reading
Oil hovers near four-week high on Saudi pledge to end glut
Oil prices were largely steady in early Asian trade on Wednesday, hovering near a four-week high hit a day earlier after top exporter Saudi Arabia said it was determined to Continue Reading
Oil Prices Up After API Reports Huge Gasoline Draw
The American Petroleum Institute (API) reported a small draw of 519,000 barrels in United States crude oil inventories, largely inline with an S&P Platts’ survey of analysts that expected inventories Continue Reading
Oil Prices Rise Ahead Of Inventory Data
The U.S. has been a major refined product exporter for years, but exports have jumped in the last three years. – The lifting of the crude oil export ban at Continue Reading
Oil Rises to Six-Month High on Hopes of Supplies Falling
On Tuesday, Saudi Arabia’s energy minister reiterated intentions to do whatever is necessary to bring global oil inventories back to the five-year average. “We won’t stop halfway…and we won’t do Continue Reading
Oil rises towards $58 on Saudi comments, forecast of U.S. stocks drop
Brent oil rose towards $58 a barrel on Tuesday after top exporter Saudi Arabia said it was determined to end a supply glut, while prices also drew support from forecasts Continue Reading
Oil prices inch up, support from drop in southern Iraq exports
Oil prices inched up on Tuesday, getting support from a decline in oil exports from OPEC’s second-biggest producer Iraq and a projected extended fall in U.S. commercial oil stocks. London Continue Reading
Oil Nears $52 With Record OPEC Deal Compliance
WTI prices closed in on $52 a barrel on Monday as OPEC reported record compliance to its 10-month old output reduction agreement. A slowdown in North American drilling coincided with Continue Reading
Oil: This Time It’s Different
In this piece, I decided to tackle some recent oil-related data that shows a continued recovery in the market. Prices aren’t responding, but the underlying data suggests the recovery in Continue Reading
The 5 Countries That Could Push Oil Prices Up
An unexpected disruption could occur at any moment, as has happened in the past, leading to a sudden and sharp jump in prices. Geopolitical tension has been largely irrelevant since Continue Reading