Why Sub $50 Oil Is More Likely Than $70 Oil
It is more likely that oil prices will fall below $50 per barrel than that they will continue to rise toward $70. Prices have increased beyond supply and demand fundamentals Continue Reading
Are OPEC’s Cuts Adding Up to Lower Oil Prices?
Measuring the success of OPEC’s production cuts has never been harder. Oil traders say they aren’t just looking at the most recent numbers from the Organization of the Petroleum Exporting Continue Reading
Milestones on the oil market’s road to rebalancing
Crude oil stockpiles are expected to empty significantly during the third quarter as continued production restraint from OPEC interacts with the seasonal increase in consumption. OPEC and non-OPEC countries are Continue Reading
U.S. gas prices remain relatively stable
Retail gasoline prices in the United States continue to hold steady despite regional fluctuations because oil markets in are limbo, a market survey found. Motor club AAA reports an average Continue Reading
Oil Prices Head Lower In Spite Of Bullish OPEC Data
Oil is charging lower to start the new week, as the monthly OPEC oil market report has done little to assuage oversupply concerns – despite the cartel’s proclamations of production Continue Reading
Oil prices dip as markets remain bloated despite OPEC-led cuts
Oil prices dipped on Monday on signs that global fuel markets remained bloated despite OPEC-led crude production cuts that have been more successful than most initially expected. Brent crude futures Continue Reading
Investor Honeymoon With OPEC Falters as Shale Drilling Booms
IEA Sees OPEC Achieving 90% Production Cut Compliance There are limits to investors’ love affair with OPEC. After unprecedented optimism that the Organization of Petroleum Exporting Countries will manage to Continue Reading
Oil Slips as Investors Weigh OPEC Compliance Versus U.S. Rigs
Oil retreated near $53 a barrel as investors weighed rising U.S. drilling activity against OPEC production cuts that the International Energy Agency estimates achieved a record 90 percent initial compliance Continue Reading
Oil prices dip as markets remain bloated despite OPEC-led cuts
A gas station attendant pumps fuel into a customer’s car at PetroChina’s petrol station in Beijing, China, March 21, 2016. Oil prices dipped on Monday on signs that global fuel Continue Reading
Is $60 Oil Within Reach?
The oil market is in a “wait-and-see mode” as OPEC implements its production cuts, with the record level of compliance boding well for tighter conditions, the IEA said in its Continue Reading