Are We Set For A Seasonal Slide In Oil Prices?
Will OPEC’s Self-Imposed Limit Make a Difference? Last week OPEC surprised many (us included) by making a decision in favor of limiting production. Member states have agreed to a cull Continue Reading
Oil prices dip on surging Iran sales, but looming OPEC deal offers support
Oil prices dipped early on Tuesday, weighed down by a rise in Iranian exports that adds to a global supply overhang, although a planned OPEC-led supply cut later this year Continue Reading
Could The Bottom Fall Out Of This Oil Rally?
Oil pipelines The oil markets will have to wait almost two more months before the uncertainty surrounding the pending OPEC deal is settled, so in the meantime a renewed focus Continue Reading
OPEC sights set for now on $50-60 per barrel oil: PIRA’s Ross
OPEC producers have their sights set on a sustained oil price of $50-$60 per barrel, a modest ambition for the first cut in supply by the oil exporting group in Continue Reading
Non-OPEC participation in deal would cut 1.2 million barrels per day: Venezuela
Participation by non-OPEC countries in a deal to stabilize oil prices would remove a total of 1.2 million barrels per day from an oversupplied market, Venezuela’s Oil Minister Eulogio Del Continue Reading
Slight Increase in Gas Prices as Seasonal Decline is Stalled
Pump prices have climbed higher as compared to the previous week, even though many states have switched over to winter blend gasoline and there remain abundant crude oil supplies. The Continue Reading
No sign of normal slump in retail gas prices
The usual seasonal decline in U.S. retail gasoline prices delayed because of rising crude oil prices and infrastructure problems, AAA said. File Photo by hxdbzxy/Shutterstock Problems with energy infrastructure in Continue Reading
OPEC Deal: Is $60 Oil Before Christmas Possible?
The agreement among OPEC members to cut production reached on September 28 caught the energy world by surprise, sending prices shooting up and eliciting estimates of price shocks from market Continue Reading
Oil prices dip on surging Iran sales, but looming OPEC deal offers support
Oil prices dipped early on Tuesday, weighed down by a rise in Iranian exports that adds to a global supply overhang, although a planned OPEC-led supply cut later this year Continue Reading
Oil Prices at Three-Month High on OPEC Optimism
U.S. oil prices rose to a three-month high Monday on renewed optimism of an OPEC-production deal. Light, sweet crude for November delivery settled up 57 cents, or 1.2%, at $48.81 Continue Reading