IEA: Price Spike Coming In 2020
The oil market has been awash in crude for more than three years, and OPEC has struggled to accelerate the rebalancing effort, but the world could be heading for a Continue Reading
OPEC Has Success at Last, But Oil Revival May Be Short-Lived
When OPEC and its allies gather this week, they’ll have the best evidence yet that their efforts to clear a global oil glut are succeeding. It may prove short-lived. Crude Continue Reading
Platts plans to publish U.S. crude prices in Asia as imports rise
Oil pricing agency S&P Global Platts said on Thursday it planned to publish U.S. crude prices during the Asia market close from December after U.S. exports to the region rose. Continue Reading
Oil set for strongest third quarter since 2004, Iraq hints at OPEC extension
Oil rose on Wednesday, set for its largest third-quarter gain in 13 years, after the Iraqi oil minister said OPEC and its partners were considering extending or deepening supply cuts Continue Reading
Oil Trades in Narrow Range
Oil prices faltered Tuesday, giving up gains in earlier trading as investors weighed the possibility that OPEC will extend its production cuts again against the prospect of rising U.S. oil Continue Reading
Oil edges off recent high ahead U.S. stock data, OPEC meet
Oil prices edged lower on Tuesday, retreating from near-five-month highs in advance of data expected to show a build in U.S. crude inventories as imports resume and refineries were still Continue Reading
Have Oil Markets Reached A Turning Point?
Big Oil has been wheelin’ and dealin’ across the globe as geopolitical risks mount, and OPEC delivered a sigh of relief to crude markets with a signal that has brought Continue Reading
Nigeria: Crude Won’t Be an Income Resource in 10 Years – Kachikwu
The Minister of State for Petroleum Resources, Ibe Kachikwu, says the world is moving away from oil, hence, it will no longer be an income resource in 10 years’ time. Continue Reading
U.S. natural gas prices rise as winter stocks look tight
U.S. natural gas stocks look somewhat tight after low prices this summer worked off the excess stocks that built up in the first half of the year. Current stocks are Continue Reading
Hurricane-related spike in gas prices ebbing
The retail price for gasoline is coming off seasonal highs as the U.S. refining sector returns to normal after Hurricanes Harvey and Irma, AAA reports. The motor club lists a Continue Reading