While oil markets were battered again this week over persisting oversupply concerns, the diplomatic crisis in the Middle East continued to brew, peaking when the Arab states boycotting Qatar issued Continue Reading
Oil edged up on Friday, recovering slightly from steep falls earlier in the week, but is set for the worst performing first-half in two decades despite ongoing production cuts. Brent Continue Reading
– 2Q’17 wasn’t supposed to go like this! Heading into the spring the broad consensus in the oil market was that aggressive global inventory draws would move WTI into the Continue Reading
Cheaper gasoline prices should spur an increase in driving in the United States and provide a limited boost for gasoline consumption over the summer, after a slow start to the Continue Reading
Oil prices edged up Thursday but remained in bear-market territory on lingering concerns about a global supply glut. Light, sweet crude for August delivery settled up 21 cents, or 0.5%, Continue Reading
When OPEC leader Saudi Arabia pledged in May to do “whatever it takes” to defend world oil prices, it didn’t expect the market to be testing its resolve just one Continue Reading
Oil prices rose on Thursday after U.S. crude and gasoline stockpiles fell, but worries over whether OPEC-led output cuts would be able to rein in a three-year glut continued to Continue Reading
Focus on weekly EIA report highlights oversupply concerns Losses on WTI average 3.2% over the past four Wednesdays Every Wednesday, WTI gets whacked. With investors focused on the question of Continue Reading
BBC . During the rally, he suggested that the idea to install solar panels on the hypothetical wall was originally his, though the green amenity had been included in several Continue Reading
Brent crude oil remained mired below $45 a barrel on Thursday leaving it further in a bear market as traders continue to lose faith in Opec’s ability to balance supplies. Continue Reading
