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Oilprice.com

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Evan Kelly

Latest articles from Evan

  • Oil Hits Ceiling At $50 Per Barrel

    Published 14 October 2016 | viewed 22,226 times

    Oil prices fell back to $50 on Friday afternoon, after the U.S. rig count hit eight year highs.   (Click to enlarge) (Click to enlarge)…

  • Russian Backed OPEC Deal Brings Back The Bulls

    Published 11 October 2016 | viewed 10,141 times

    Oil prices rose fast on Monday after Russian president Vladimir Putin expressed support for an output cut, but fell slightly on Tuesday after IEA’s bearish…

  • Can Oil Stay Above $50 Per Barrel?

    Published 07 October 2016 | viewed 34,776 times

    We begin with a look at the key figures in the oil market this week, which show that oil prices have held onto gains, reaching…

  • Oil Holds Gains After OPEC Deal

    Published 04 October 2016 | viewed 9,573 times

    We begin with a quick look at some of the critical figures and data in the energy markets this week, with both oil prices and the…

  • Can Oil Hold Onto OPEC Deal Gains?

    Published 30 September 2016 | viewed 11,587 times

    Oil held onto gains on Friday afternoon after front month contract rolled over to the December contract.   (Click to enlarge) (Click to enlarge) (Click…

  • OPEC Circus Sees Oil Volatility Spike

    Published 27 September 2016 | viewed 10,237 times

    Oil prices fell steeply on Tuesday afternoon on contradiciting news from the OPEC meeting in Algiers.   (Click to enlarge) (Click to enlarge) Chart of…

  • Market Update: Oil Crumbles After Saudis Pull The Plug

    Published 23 September 2016 | viewed 34,542 times

    Oil prices fell fast on Friday afternoon after Saudi Arabia claimed that "doesn't expect any decision" next week at OPEC’s unofficial meeting in Algiers.  …

  • Oil Under Fire As OPEC Head Sees No Deal

    Published 20 September 2016 | viewed 13,287 times

    Oil prices dived on Monday after OPEC Secretary General Barkindo downplayed a potential output freeze deal, but rebounded slightly on Tuesday morning. (Click to enlarge)Chart…

  • Oil Down As Glut Fears Return

    Published 16 September 2016 | viewed 12,389 times

    Oil prices fell on Friday as the IEA downgraded its projections for oil demand, dashing hopes that oil markets would rebalance this year. (Click to…

  • Crude Crumbles On Weak IEA Data

    Published 13 September 2016 | viewed 9,113 times

    Oil prices fell 3% on Tuesday on bearish IEA data and a strong dollar after posting small gains on Monday.  (Click to enlarge) (Click to…

  • Oil Set For A Drop After Inventory Data Excitement

    Published 09 September 2016 | viewed 18,299 times

    Oil prices fell on Friday, after spiking on Thursday afternoon as a result of an exceptionally strong draw to U.S. crude inventories. (Click to enlarge)…

  • Is The Saudi-Russia Deal For Real?

    Published 06 September 2016 | viewed 11,464 times

    Oil prices didn’t manage to extend gains on Tuesday as markets still doubt an OPEC output freeze. (Click to enlarge) (Click to enlarge) (Click to…

  • Oil Prices Bounce On OPEC Hopes

    Published 02 September 2016 | viewed 18,736 times

    Oil prices rebounded strongly on Friday on comments from Russian President Vladimir Putin. A rising U.S. rig count couldn't keep oil from rallying.   (Click…

  • A Return to $40 Oil? Rally Runs Out of Steam

    Published 30 August 2016 | viewed 18,627 times

    When taking a quick look at some of the critical figures and data in the energy markets this week, we see that the U.S. oil…

  • Oil Under Pressure As Saudi Arabia Downplays OPEC Deal

    Published 26 August 2016 | viewed 14,189 times

    We begin by taking a quick look at some of the critical figures and data in the energy markets this week, which show that oil…

  • Oil Pares Losses On Fresh OPEC Rumors

    Published 23 August 2016 | viewed 8,249 times

    The latest oil rally started to unwind on a flurry of bearish news, but the prospect of Iran joining the OPEC meeting has boosted oil…

  • Oil Posts Large Weekly Gains In News Driven Market

    Published 19 August 2016 | viewed 9,335 times

    Oil prices staged a strong rally on Thursday, moving up 3% for the sixth straight day of gains. Brent hit an eight week high on…

  • OPEC Rumors Continue To Pull Oil Prices Higher

    Published 16 August 2016 | viewed 14,705 times

    Oil prices hit one a month high on Monday thanks to speculation about potential producer curbs on supply and new data from market intelligence firm…

  • Oil Prices Rally Into The Weekend On Flurry Of Bullish News

    Published 12 August 2016 | viewed 18,960 times

    Oil prices staged a strong rally on Thursday, moving up 4% by the end of the day thanks to positive forecasts from the IEA and…

  • Explosion And Fire Hit Refinery in Louisiana

    Published 11 August 2016 | viewed 11,996 times

    Eyewitnesses claim the incident at the town of Convent in St. John’s Parish first occurred at around 11:00 am Eastern Time. The facility’s switchboard operator…

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