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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Tom Kool

Oilprice.com

Contributor since: 23 Sep 2015

Tom Kool

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

Latest articles from Tom

  • Oil Prices Crash To 1-Year Lows

    Published 18 December 2018 | viewed 21,722 times

    Rising global inventories are weighing on crude prices, pushing oil to one-year lows.  (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)-…

  • Has OPEC+ Stabilized Oil Markets?

    Published 14 December 2018 | viewed 15,234 times

    Oil prices plummeted further on Friday, despite a semi-bullish rig count report and the combined efforts of OPEC and its partners.   (Click to enlarge) (Click…

  • Uncertainty Lingers In Oil Markets Despite OPEC Cuts

    Published 11 December 2018 | viewed 7,355 times

    Oil prices bounced on Tuesday after losing ground on Monday as news of unexpected outages in Libya helped buoy sentiment. (Click to enlarge) (Click to…

  • OPEC Surprises Markets With Last Minute Deal

    Published 07 December 2018 | viewed 32,097 times

    In the last possible minute, OPEC+ managed to agree upon a massive cut of 1.2 million bpd, pushing oil prices up by over 3 percent. …

  • OPEC+ Gears Up For Production Cuts

    Published 04 December 2018 | viewed 8,959 times

    Oil gained for a second day in a row on Tuesday, pushed up by a trade war truce, pending OPEC+ production cuts, and surprise mandatory…

  • Saudi Arabia Squeezed As OPEC Meeting Nears

    Published 30 November 2018 | viewed 24,347 times

    Oil prices dipped over the week, but the next few days will be volatile due to escalating geopolitical concerns and trade war tensions (Click to…

  • Saudi Arabia Struggles As Oil Prices Crash

    Published 27 November 2018 | viewed 21,840 times

    Oil prices are struggling to find a bottom, moving up on Monday but floundering in early trading on Tuesday. (Click to enlarge) (Click to enlarge)…

  • Oil Prices Collapse On Supply Surge

    Published 23 November 2018 | viewed 39,233 times

    Oil prices collapsed on Friday, with WTI threatening to break the $50 mark and Brent falling below $60 for the first time in over a…

  • Oil Companies Lose $1 Trillion As Prices Crash

    Published 20 November 2018 | viewed 23,965 times

    Bearish sentiment has taken hold of oil markets, with oil and gas companies having lost $1 trillion since oil began its latest slide.  (Click to…

  • Oil Rebounds On Hopes Of OPEC+ Action

    Published 16 November 2018 | viewed 14,973 times

    Oil prices rose on Friday morning as markets hope OPEC and partners will take action to reverse bearish sentiment. (Click to enlarge) (Click to enlarge)…

  • Oil Prices Fall To One-Year Lows

    Published 13 November 2018 | viewed 33,804 times

    Oil markets are looking increasingly oversupplied, and crude prices are beginning to reflect some analysts' biggest fears.  (Click to enlarge) (Click to enlarge) (Click to…

  • Oil Prices Hit Multi-Month Lows

    Published 09 November 2018 | viewed 16,107 times

    Oil prices fell to multi-month lows at the end of the week, as a confluence of factors all point in a bearish direction. (Click to…

  • Oil Prices Tumble As Iran Sanctions Set In

    Published 06 November 2018 | viewed 16,137 times

    Oil prices took a noticable hit on Tuesday morning, as markets adjusted to the "new normal" of U.S. sanctions on Iran.  (Click to enlarge) (Click…

  • Soaring U.S. Oil Production Forces Prices Down

    Published 02 November 2018 | viewed 20,767 times

    Oil prices continued to slide on Friday afternoon, despite a small decline in the U.S./Canadian rig count. (Click to enlarge) Friday, November 2, 2018 Iran…

  • Oil Awaits Direction As Iran Sanctions Loom

    Published 30 October 2018 | viewed 8,949 times

    Oil started out the week seeing some volatility and choppy trading, awaiting more signs of a clear direction. (Click to enlarge) (Click to enlarge) (Click…

  • Oil Prices Struggle To Regain Footing

    Published 26 October 2018 | viewed 10,558 times

    Oil suffered steep losses this week on renewed fears that the supply surplus might make a comeback (Click to enlarge) (Click to enlarge) (Click to…

  • Oil Prices In Free Fall As Iran Fears Fade

    Published 23 October 2018 | viewed 35,191 times

    Oil prices fell drastically Tuesday morning despite Iran sanctions still looming over markets. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)-…

  • Oil Market Loses Its Bullish Edge

    Published 19 October 2018 | viewed 12,445 times

    Oil markets are calming down after several weeks of bullish news, with Goldman Sachs now saying that crude is unlikely to break $100 per barrel. …

  • Oil Prices Under Pressure As U.S. Shale Supply Soars

    Published 16 October 2018 | viewed 17,600 times

    The big story in oil markets this week has been the escalating tension between the United States and Saudi Arabia, with many analysts suggesting that…

  • Oil Markets Take A Bearish Turn

    Published 12 October 2018 | viewed 14,836 times

    Bearish EIA data and a global stock market crash sent crude tumbling this week, but prices appear to have stabilized, at least for now. (Click…

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