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Biggest Gasoline Glut In 27 Years Could Crash Oil Markets

Biggest Gasoline Glut In 27 Years Could Crash Oil Markets

Falling demand and consistent refinery…

Energy / Oil Prices

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2017 – A Quiet Year For Oil?

Jan 04, 2017 at 10:28 | Michael McDonald

After several years of turmoil, 2017 could provide investors with the mercy of a relatively quiet year for oil prices. There are reasons to be optimistic about prices going into…

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Back To Black: At $50 Oil, Russia Could Soon Be Deficit-Free

Jan 03, 2017 at 14:58 | Irina Slav

Thanks to non-oil budget income, Russia has entirely offset the negative effects from lower oil prices in 2016, Finance Minister Anton Siluanov said at the end of 2016. What’s…

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Goldman Sachs: Oil Prices To Remain Under $60 In H1 2017

Jan 03, 2017 at 09:32 | Tsvetana Paraskova

On the back of OPEC cuts, Goldman Sachs expects WTI oil prices to rise to US$57.50 in the first half this year as reduced supply would move the market into…

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Oil Rallies To 18-Month High As Kuwait, Oman Cut Output

Jan 03, 2017 at 07:30 | ZeroHedge

Oil prices hit 18-month highs on the first full trading day of 2017, following reports by Al-Ansa newspaper that OPEC member Kuwait has cut output by 130,000 barrels a day…

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A Correction In Crude Is Around The Corner

Jan 02, 2017 at 12:55 | Nick Cunningham

In the days leading up to the implementation of the OPEC deal, investors continue to remain bullish on oil prices. Hedge funds and money managers have snapped up bets on…

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Oil Price Roulette: Investors Bet On $100 Oil

Dec 23, 2016 at 15:43 | Charles Kennedy

Oil prices are rising and speculators are already staking out bullish positions on futures for the next few months, but some traders are rolling the dice on a much bigger…

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Expert Commentary: Libya Curtails OPEC Jawboning

Dec 23, 2016 at 14:33 | SCS OTC Corp

- WTI moved sideways near $53 from the Sunday open through Thursday afternoon, submitting a high of $53.79 and a low of $52.08 along the way. The narrow $1.79 range…

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Oil Traders See Market Balance By Mid-2017

Dec 22, 2016 at 14:46 | Nick Cunningham

The OPEC deal has raised the possibility of an oil supply deficit as early as the first half of 2017, according to the IEA, but the oil price rally has…

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Can Killer Whales Strike A Blow Against Canada’s Oil Sands?

Dec 21, 2016 at 13:17 | Charles Kennedy

Is it possible that killer whales could cut into the long-term growth of Canada’s oil sands? Environmental groups are suing the Canadian government over its recent approval of Kinder Morgan’s…

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Rising U.S. Oil Imports See Oil Prices Fall

Dec 21, 2016 at 12:38 | Matt Smith

Oil prices are little changed, as a build to crude inventories in today's weekly inventory report has been offset by solid draws to the products. As traders start to shift…

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