Oil prices rallied from sharp losses on Thursday but brokers said the downtrend could resume soon as record-high stocks and worries over slowing economic growth dampened sentiment. Brent crude oil Continue Reading
We begin by taking a quick look at some of the critical figures and data in the energy markets this week, which show that renewed concerns about the supply glut Continue Reading
BNP Paribas and JBC see risk of renewed crude price declines China oil refining rises to record in first six months of year Oil fell amid a growing number of Continue Reading
A worker looks at a pump jack at an oil field Buzovyazovskoye owned by Bashneft company north from Ufa, Bashkortostan, Russia, July 11, 2015. Oil prices rallied from sharp losses Continue Reading
Since at least the end of 2014 there has been increasing uncertainty over oil prices, from whether so-called “Peak Oil” has already happened, to matters of EROI (or EROEI) values Continue Reading
Nine tankers carrying as much as nine million barrels of crude are floating in the North Sea as traders can’t afford to sell the crude they have—at least not profitably Continue Reading
Crude oil and refined products are once again begin stored on tankers floating at sea, a sign that the two-year oil glut is far from over. Short-term floating storage is Continue Reading
Oil prices rallied from sharp losses on Thursday but brokers said the downtrend could resume soon as record-high stocks and worries over slowing economic growth dampened sentiment. Brent crude oil Continue Reading
Oil industry hopes that markets are about return to balance, ending a global glut that pulled down prices by over 70 percent between 2014 and early 2016, might be abruptly Continue Reading
A gas flame in the desert near the Khurais oil field, about 160 kilometers from… Global crude markets have undergone an “extraordinary transformation,” swinging from a major surplus to near Continue Reading
