X

Sign Up To Our Free Newsletter

Join Now

Thanks for subscribing to our free newsletter!

ERROR

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • 3 minutes Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Scientists Warn That Filling The Sahara With Solar Panels Is A Bad Idea
  • 11 minutes United States LNG Exports Reach Third Place
  • 15 minutes Joe Biden's Presidency
  • 9 hours America Makes Plans to Produce Needed Rare Earth Minerals Domestically
  • 2 hours IS SAUDI ARABIA SENDING A MESSAGE TO BIDEN
  • 9 hours U.S. Presidential Elections Status - Electoral Votes
  • 2 days Texas forced to have rolling black outs, primarily because of large declines in output from fossil fuel power plants
  • 2 days Former BP Exec "Biden not in war against oil" . . Really ?
  • 2 days Texas Supply Chain Massacre
  • 2 days Here we go - again: plug-in hybrids cost motorists more than what they were told
  • 5 hours Top Conservative Lawyer Says Trump Can Stand Trial
  • 6 hours “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 2 days An exciting development in EV Aviation: Volocopter
EV Startup Launches Battery-Replacement Charging Network

EV Startup Launches Battery-Replacement Charging Network

A California-based startup has revealed…

Tom Kool

Tom Kool

Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com's Head of Operations

More Info

Premium Content

Oil Capped By Shaky Demand Outlook

Oil held up in Friday afternoon trading, showing some resistance to the continued selling of the last coupe of days.

Friday 19th July 2019

Oil prices fell this week on rising fears of weakening demand and a renewed supply surplus.

Iran proposes new nuclear deal. Iran has offered a deal with the U.S. that would include permanent enhanced nuclear inspections in return for the U.S. lifting sanctions. Iran’s foreign minister Javad Zarif said it was “a substantial move.” The offer comes shortly after the U.S. downed an Iranian drone in the Persian Gulf on Thursday. It’s unclear how the Trump administration will respond, in light of the 12 conditions it laid out last year, many of which are unrelated to the nuclear program. Oil prices fell on the news.

IEA cuts oil demand forecast. The IEA lowered its 2019 demand growth forecast to 1.1 mb/d, and may cut it again if the global economy continues to cool, the agency’s executive director said. It’s the latest in a series of downward revisions. Last year, the IEA saw 2019 demand growth at 1.5 mb/d; as recently as the July Oil Market Report, the IEA stuck with a 1.2 mb/d estimate. “China is experiencing its slowest economic growth in the last three decades, so are some of the advanced economies ... if the global economy performs even poorer than we assume, then we may even look at our numbers once again in the next months to come,” Fatih Birol told Reuters…





Leave a comment
  • Dr naveen dolittlee on August 21 2019 said:
    In a world of liars is there anyone one we can trust? OIL companies are lbuffing. shale, tight oil. my ass.

    If oil is priced right why is it that even after 80 years of oil drilling the OIl secotr globally earn subsidy/grant to the extent of $5 trillion?
    I cna tell you oil cannot be priced as if it coconut or a bag cenet. Oil has differrent grades and each location cost of drilling varies.
    this commoditisation oil as futures products has butchered the few genuine oil rich nations -libya, iraq, ira, russia, venezuela. most of the others are fake oil excpet of course north sea.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News