In its monthly oil market report, the Paris-based IEA said it continues to see global demand for crude growing by 1.6 million barrels per day (bpd) in 2017, before moderating Continue Reading
The September oil price rally was predicated on improving oil market fundamentals, bolstering confidence that the rebalancing process was accelerating. But the inventory declines reported in the third quarter might Continue Reading
The American Petroleum Institute (API) reported a surprise build of 3.097 million barrels in United States crude oil inventories, compared to an S&P Platts’ survey of analysts that expected inventories Continue Reading
LONDON (Reuters) – Oil prices slipped on Thursday as U.S. fuel inventories rose despite efforts by OPEC to cut production Brent crude oil was down 20 cents at $56.74 a barrel Continue Reading
Oil prices have been grinding higher in recent weeks amid signs of strong demand and depleting stockpiles. The U.S. Energy Information Administration on Wednesday raised its forecast for 2017 oil Continue Reading
Oil prices will be lower for longer—that is the conventional wisdom. Data suggests, however, that oil supplies are tightening and that higher prices are likely in the relatively near-future. Refined Continue Reading
Nearly two-thirds of U.S. oil executives see crude oil prices remaining below $60 per barrel through 2018 and not hitting $70 until at least the next decade, according to a Continue Reading
Oil prices edged up on Wednesday, rising for a third day on signs that markets are gradually tightening after years of oversupply, although the outlook for 2018 remained less certain. Continue Reading
Saudi Aramco will sell much less than requested in November A weaker dollar is seen lending support to crude oil prices Oil surged following signals that the world’s biggest crude Continue Reading
Several years of underinvestment in large oil projects could lead to oil price spikes of $80-$100 per barrel by the 2020s unless mega projects are sanctioned very soon, Jonathan Chanis, Continue Reading
