Supply Risks Could Push Oil Prices Higher This Week
As oil prices fell on…
Will Oil Markets Rebalance Before The OPEC Deal Expires?
In a new report, the…
Energy / Oil Prices
Will Oil Demand Growth Be Enough To Tackle Inventories?
Two articles in the Financial Times this week give polar opposite views on the direction for oil prices next year. The first is a report on bets taken by the highly…
Strong Crude Inventory Draws Keep Markets On Edge
After trying to grab ahold of the fifty dollar handle, WTI has lost its grip and is sliding lower in the forty dollardom once more. Even though U.S. inventories look…
These Major Oil Buyers Are Quietly Prepping For A Supply Shock
Continuing major changes in global oil flows this week. With big consumers like Indian Oil Corp and South Korean refiner SK Innovation making their first-ever purchases of U.S. crude exports. And…
Oil Prices Fall To 3-Week Lows On Flurry Of Bearish News
Oil prices continued to fall on Tuesday morning, following a sell-off on Monday triggered by a stronger U.S. dollar, concerns over growing supply from non-OPEC producers, and signs of potential…
Supply Risks Could Push Oil Prices Higher This Week
Oil lost ground in the last few days on slipping OPEC compliance rates and fears of persistent oversupply. But the tightening of the oil market is still proceeding, and there…
Can The Permian Push Prices Down To $40?
Two analyst firms have revised upwards their production growth forecasts for the Permian, expecting oil output there to be 300,000 bpd higher by the end of this year. The…
Oil Prices Slip As Chinese Crude Demand Loses Momentum
Slowly but surely, what we have claimed for the past year - that it is the demand side of the oil equation, not the supply, and especially the "Chinese wildcard" that…
Will Oil Markets Rebalance Before The OPEC Deal Expires?
The oil market is still on track to rebalance, although the pace is “stubborn” and will still take some time, the IEA said in a new report. Market sentiment…
Have Oil Markets Reached A Tipping Point?
Despite bullish conditions led by a huge drawdown in U.S. crude, oil prices were down at the end of the week following less than positive OPEC reports.
Exposing The OPEC Deal Saboteurs
Oil prices have been under pressure again this week. With West Texas Intermediate yesterday falling 2 percent, to below $49 per barrel. And some surprising numbers this week show that…
