Europe’s lack of energy security…
Refinery outages in the United…
Crude oil prices could jump as high as US$250 a barrel if Iran goes through with its threat to close the Strait of Hormuz in response to U.S. pressure on…
The Mexican oil hedge, or the Hacienda Hedge, is considered the biggest hedging bet on Wall Street as well as perhaps the most secretive. It has earned Mexico—and a few…
Oil prices dropped early on Friday as fears of the escalating U.S.-Chinese trade war and increased production by Saudi Arabia and Russia outweighed concerns over supply disruptions from Venezuela to…
U.S. President Donald Trump took to Twitter again on Wednesday to complain about high oil prices and criticize OPEC, demanding that prices be reduced—and this time it was Iran…
U.S. gasoline prices are at a four-year-high this year as a result of the higher price of oil which has reached a three-and-a-half-year high in recent weeks. The increased…
OPEC and Russia’s pledge to boost oil production will not be enough to offset supply disruptions from Iran and Venezuela amid strong oil demand, according to a monthly Reuters…
Update: So much for any drop in the price after the Saudi production boost report: the market appears far more focused on the news of a potential sharp drop in Iran…
While all eyes watched the OPEC saga last week, there was an outage in Canada’s oil sands that will cut production at least through July, supporting the U.S. benchmark prices,…
The expected increase in oil production will not leave the market in a situation of oversupply, and in fact, barring no further action, the world could still be short of…
Crude oil continued sliding today on the back of growing tensions between the United States and China and anticipation of a difficult OPEC+ meeting on Friday. At the time of…
Oil prices could jump to $140 a barrel due to the U.S. sanctions against Iran and Venezuela, Iran’s OPEC governor Hossein Kazempour Ardebili told Reuters on Friday. The Iranian…
Oil market analysts are looking into the global supply and demand picture to guess where the price of oil is heading, and opinions and forecasts always vary widely. While oil…
Oil prices fell on Tuesday morning as oil traders continue to voice concern about the plans of OPEC to increase oil production.
Amid reports that OPEC will likely decide to start easing production quotas after June 22 and an IEA forecast that electric vehicles will displace 2.5 million bpd in crude oil…
Global oil benchmarks are suddenly heading in different directions, upending what have consistently been close linkages between prices in various parts of the world. To be sure, oil prices have…
OPEC’s largest producer Saudi Arabia and its key non-OPEC partner in the production cut deal, Russia, are discussing lifting the combined oil production of the countries from the pact by…
The WTI crude and Brent crude benchmarks fell on Thursday, despite multiple production outage fears in major producing countries, either real or prospective, including Venezuela, Libya, and Iran.…
As the summer driving season approaches, drivers are already paying more for gasoline due to the oil price rally in recent months. But higher oil prices affect not only the…
After a slide last week, Brent and West Texas Intermediate started the week with a modest increase thanks to an announcement from Treasury Secretary Steven Mnuchin that the trade…
One month ago, when looking at the sharp spike in oil and gasoline prices (which at the time averaged $2.73), we said that the surge in energy costs -…