If ceasefire deal is sustainable, oil output could recover ‘Cautiously’ assumes disruptions at 350,000 b/d in second half Goldman Sachs Group Inc. said oil may trade below its $50 forecast Continue Reading
Oil prices rose again on Wednesday, as fears over the fallout from the Brexit continued to abate. But some potential supply outages also added positive momentum to crude oil. A Continue Reading
The US Gulf Coast crude market saw regional sour grades strengthen Wednesday after reports of shuttered production at the BP-operated Thunder Horse platform in the US Gulf of Mexico. Crude Continue Reading
Oil prices rose in early trading in Asia on Tuesday as a looming strike in Norway threatened to cut output in western Europe’s biggest producer, although Britain’s vote to leave Continue Reading
Oil Rig There has been a lot of pessimism among oil investors in recent months, and indeed the bear market over the last couple of years in black gold has Continue Reading
Natural Gas Storage Natural gas prices are on a tear, and every small dip is being aggressively bought by the traders. Technically, the current rally should rise to the next Continue Reading
Higher refinery output in the United States and troubling economic news overseas could put downward pressure on retail gas prices, market analysis finds. Motor club AAA reports a national average Continue Reading
Oil prices rose in early trading in Asia on Tuesday as a looming strike in Norway threatened to cut output in western Europe’s biggest producer, although Britain’s vote to leave Continue Reading
The UK’s decision to leave the European Union will make “little difference” to the crude oil markets, according to a brief research note from FirstEnergy. The UK’s decision to leave Continue Reading
The UK’s Brexit vote is expected to have a bearish effect on the global LNG market due to the weakening of European currencies, several trading sources said Friday. News of Continue Reading
