Can Oil Stay Above $50 Per Barrel?
Oil prices held onto their gains this week, adding a bit of momentum to the rally that started in late September following the OPEC deal. On Thursday, WTI broke through Continue Reading
Oil Falls After Recent Gains
Oil’s rally sputtered Friday, with prices dipping back below $50. U.S. oil for November delivery settled 63 cents lower, or 1.25%, to $49.81 a barrel on the New York Mercantile Continue Reading
Entire oil futures curve moves above $50 as financial confidence in crude rises
U.S. oil futures held above $50 per barrel on Friday as the entire crude forward curve pushed above that level in a sign that financial markets have increasing confidence in Continue Reading
U.S. Natural Gas Futures Reach 21-Month Peak
Natural gas futures in the United States (US) on 7 October rose to its highest point since June 2015 as investors anticipate a boost in demand for the commodity. Gas Continue Reading
Oil Holds Above $50 as U.S. Supply Drop Supports OPEC-Led Rally
Hurricane Matthew bound for Florida, may disrupt fuel supplies U.S. crude inventories decline below 500 million barrels: EIA Oil held its gains above $50 a barrel after U.S. inventories fell Continue Reading
Entire oil futures curve moves above $50 as financial confidence in crude rises
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. U.S. oil futures held above $50 per barrel on Friday as Continue Reading
Oil Rally Pauses After Prices Hit Four-Month High
Oil futures eased off a four-month high on Thursday after a sharp reduction in U.S. inventories fueled hopes that the market was beginning to work through its supply glut. Brent Continue Reading
Oil steady near 2016 highs after U.S. inventory drop
A worker checks the valve of an oil pipe at an oil field owned by Russian state-owned oil producer Bashneft near the village of Nikolo-Berezovka, northwest of Ufa, Bashkortostan, January Continue Reading
Natural Gas Prices Rose Slightly
Natural gas prices rose slightly Thursday, shrugging off government data that showed a much-larger-than-expected addition to stockpiles. The U.S. Energy Information Administration said natural-gas stockpiles grew by 80 billion cubic Continue Reading
Where Are Oil Prices Heading
In this post I present developments in world crude oil (including condensates) supplies since January 2007 and up until June 2016. I then take a closer look at petroleum demand Continue Reading