Only a handful of OPEC members have available spare production capacity.| Many Non-OPEC producers are also large consumers of crude oil. Of the Non-OPEC producers, only Brazil, the U.S., Norway, Continue Reading
Traders piled into options that oil could surge even further after rising to the highest since 2008, with some even placing low-cost bets that futures surpass $200 before the end Continue Reading
Highlights China may be ‘backstop home’ to Russian crude Saudi OSPs to Asia could have been even higher Oil rally not over: Mike Muller High oil prices are likely to Continue Reading
Western allies’ sanctions against Russia have started to blowback in the form of large potential losses for their own banks, companies and investors, often in unexpected ways. In the past, Continue Reading
Friday, March 4th, 2022 Russia’s invasion of Ukraine has triggered arguably the wildest week in oil trading since Saddam Hussein’s attack on Kuwait back in 1990 – in fact, it Continue Reading
Goldman’s Courvalin Says Oil Markets Have ‘No Buffer’ Against High Prices Commodities extended their massive rally as Russia’s invasion of Ukraine continues to roil global markets and fuel fears of Continue Reading
Oil Could Hit $160 Per Barrel By End of Next Week, Schork Says Stocks fell, while the dollar climbed with bonds as concerns that war risks are intensifying roiled global Continue Reading
Oil rose above $111 a barrel on Friday in a volatile session as fears over disruption to Russian oil exports in the face of Western sanctions offset the prospect of Continue Reading
Oil prices are likely to continue to climb – potentially beyond $130 per barrel. That’s according to Rystad Energy CEO Jarand Rystad, who made the statement in an extraordinary note Continue Reading
WTI crude rose 7% following the news that the White House is considering a ban on the import of Russian crude oil. On Thursday, the White House had tersely dismissed Continue Reading
