Algeria’s Sonatrach wants to start offshore oil drilling and has begun discussions with U.S. operators Exxon Mobil Corp ( XOM.N ) and Anadarko ( APC.N ) as well as Italy’s Continue Reading
Al-Jebouri Says Iran Is a Lukoil Focus Oil will stabilize around $55 to $65 a barrel as OPEC fulfills its agreement to cut output, with stockpiles and shale production keeping Continue Reading
Oil prices eased Friday as still bloated U.S. supplies continued to weigh on prices. The selloff came just as it appeared crude prices were poised to break out of the Continue Reading
Oil traded near the highest level since July 2015 as a drop in U.S. crude imports signaled that OPEC’s output cuts are taking effect. Futures in New York are set Continue Reading
“Volatility can be neither created nor destroyed, rather it transforms from one form into another,” is a pretty fair summary of how the oil market works (with apologies to physicists). Continue Reading
Oil prices gained some ground this week on the drawdown in gasoline stocks in the U.S., which the markets interpreted as a sign that the glut could be easing. However, Continue Reading
Oil traders saw more of the same this week with range bound flat price, strong brent and WTI spreads, weak gasoline spreads and option implied volatility at multi year lows. Continue Reading
OPEC has so far surprised the market by showing record compliance with oil-output curbs and could do so further in coming months as the biggest laggards – the United Arab Continue Reading
OPEC pumped at will the past two years to defend its turf against rivals. Its recent volte-face has left it contending with additional threats in the world’s biggest oil market. Continue Reading
Has no-one really done a ‘getting riggy with it’ pun yet? Ok then, here it goes. We’ve made it to Friday, which means we get a couple of data points Continue Reading
