Brent oil holds highest level since July 2015
Brent crude is holding above a more than two-year high of $59 a barrel, lifted by fast-growing demand and a threat to Iraqi Kurdistan’s crude exports as the autonomous region Continue Reading
Oil Prices Dip, but Bullish Sentiment Persists
Oil prices gave up some of Monday’s record gains on Tuesday, as investors cashed in on an increasingly bullish market. Brent crude, the global benchmark, was down 0.62%, at $58.07 Continue Reading
‘Surprisingly’ strong oil demand growth puts market re-balancing on track: executives
Strong oil demand growth in emerging economies led by China and India and even from Europe is drawing down oil stockpiles faster than expected, putting the global market firmly on Continue Reading
Oil demand may exceed supply by up to 4 million bpd by 2019: Trafigura
Global oil demand may be between 2 million to 4 million barrels per day more than worldwide crude supply by the end of 2019, an executive with commodities trading house Continue Reading
Does This Oil Price Rally Have Legs?
Yup, you heard it here first (or second, maybe even third), last week was the week that it all happened, the week that we can finally call the oil price Continue Reading
As Brent oil markets rebalance, U.S. lags behind
New York and London oil futures are sending very different signals to market players about the state of global supply balances, with U.S. contracts weak even as physical crude markets Continue Reading
Cheap Oil Or A Weak Dollar: Pick One
Glance at this chart of the trade-weighted U.S. dollar, and note the swing highs and lows in the price of oil per barrel around each peak and trough. You can Continue Reading
Boston Energy Research: Oil Price Outlook Unchanged
The outlook for oil prices has not changed much in recent weeks. This opinion piece presents the opinions of the author. It does not necessarily reflect the views of Rigzone. Continue Reading
Oil holds gains as producers say market rebalancing
Oil prices stood little changed on Monday, keeping most of their gains from the previous session to hold near their highest levels in months, as major producers meeting in Vienna Continue Reading
Was Goldman Sachs Wrong About Oil Demand?
In my last two columns for Oilprice.com premium subscribers, I was first very clear in the opportunity I thought I saw coming in oil stocks. First, I outlined how oil Continue Reading