Oil Prices Bounce Back in Third Quarter
Demand was a bright spot, following worries that damage from major hurricanes in the southern U.S. would crimp consumption. Above, a refinery in Ohio. Oil investors got a reprieve from Continue Reading
Oil Prices Inch Higher as Bullish Sentiment Remains
Oil prices swung between small gains and losses Friday, as investors reacted to the latest data measuring U.S. production. Light, sweet crude for November delivery closed up 11 cents, or Continue Reading
Oil’s September Surge Propels Bull Market Run on Demand Optimism
IEA, OPEC this month boosted global consumption forecasts Turkey threatens Kurdish exports after independence vote Oil posted its biggest quarterly gain in more than a year on forecasts for rising Continue Reading
Expert Analysis: Oil Prices Have Risen Too Far Too Fast
Last Friday we argued that the rally in WTI and Brent looked overstretched from technical and positioning viewpoints. This week obviously didn’t serve our viewpoint as geopolitical tensions in Iraq Continue Reading
Wood Mac: Non-OPEC resilience impressive
In the short run, the overall stability for oil production outside the Organization of Petroleum Exporting Countries is a spoiler for the bulls, analysis finds. OPEC in January began sidelining Continue Reading
Oil industry loses fear factor but finds little to cheer
As traders and producers gathered in Singapore this week for Asia’s biggest oil event, you might have expected a bit more optimism. Oil prices reached their highest level in two Continue Reading
Can OPEC Control The Oil Bulls?
Brent flirted with $60 per barrel this week, but it might have to wait a little longer. After hitting the highest price in two years mid-week, Brent declined on Thursday Continue Reading
Shale Drillers To Lose At Sub-$50 Oil
Shale oil and gas producers need WTI prices at least US$50 oil to be able to see significant returns, analysts from Moody’s said in a research note today. For natural Continue Reading
Bullish oil streak propels Brent to strongest third-quarter in 13 years
Oil edged higher on Friday as tensions around Iraqi Kurdistan threatened the region’s crude supplies, helping Brent prices to their strongest third-quarter performance since 2004. Global benchmark Brent crude LCOc1 Continue Reading
NYMEX November gas dips 4.4 cents on ‘lackluster’ market after EIA data
NYMEX November natural gas futures settled at $3.017/MMBtu, down 4.4 cents, as a lackluster market put pressure on the contract despite a lower-than-expected storage build from the US Energy Information Continue Reading