Hedge funds slash bullish wagers on U.S. crude as prices tumble
Hedge funds slashed bullish bets on U.S. crude oil for the first time in four weeks in the week to April 25, data showed on Friday, as prices fell amid Continue Reading
Oil prices face second weekly loss as oversupply lingers
Oil prices stabilized on Friday but were on track for a second straight weekly loss on concerns that an OPEC-led production cut has failed to significantly tighten an oversupplied market. Continue Reading
Oil’s April Rollercoaster Takes It Back to $50 on Supply Dilemma
U.S. crude production expands to highest level since 2015 Novak says Russia implemented full 300,000 barrel-a-day cut After a rally in the first half of April, oil is set to Continue Reading
Oil prices face second weekly loss as oversupply lingers
Oil prices stabilized on Friday but were on track for a second straight weekly loss on concerns that an OPEC-led production cut has failed to significantly tighten an oversupplied market. Continue Reading
Oil prices fall on lingering oversupply concerns
Oil prices dipped on Thursday, weighed down by a general sentiment of globally bloated markets, though traders said that prices seemed to have found support around current levels. U.S. West Continue Reading
Is The Geopolitical Risk Premium In Oil Overrated?
When OPEC instituted their recent production cuts, the theory was that oil markets would balance after crashing in 2014. After Donald Trump won the presidency, many speculated that price fluctuation Continue Reading
World Bank Maintains Oil Price Forecast At $55
In its latest Commodity Markets Outlook, the World Bank maintained its Q1 forecast for oil prices at $55 a barrel, saying, however, that overall energy prices will increase 26 percent Continue Reading
Oil prices fall on lingering oversupply concerns
Oil prices dipped on Thursday, weighed down by a general sentiment of globally bloated markets, though traders said that prices seemed to have found support around current levels. U.S. West Continue Reading
Oil Seen at or Below $40 If OPEC Doesn’t Extend Output Cuts
ADIA’s Ruehl Iraq, Iran seen gaining from production cuts at Saudi expense Crude will probably drop to $40 a barrel or below unless OPEC and allied producers extend their collective Continue Reading
Oil Tankers to Cruise Ships Fueled by LNG Offer Hope on Glut
LNG-fuelled fleet may rise to 200 by 2020: Energy Aspects Total, Shell sign deals to develop LNG bunkering operations When Russia’s biggest tanker operator launches four new vessels next year, Continue Reading