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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

  • The Oil Price Tug Of War

    Published 15 August 2017 | viewed 9,243 times

    Oil prices remain in a game of tug of war as conflicting news sends both the bears and the bulls to the sidelines. (Click to enlarge)…

  • Have Oil Markets Reached A Tipping Point?

    Published 11 August 2017 | viewed 19,954 times

    Despite bullish conditions led by a huge drawdown in U.S. crude, oil prices were down at the end of the week following less than positive…

  • Oil Stuck At $50 As OPEC Output Jumps

    Published 08 August 2017 | viewed 12,189 times

    Compliance with the OPEC oil output deal continues to decline as the cartel's production increases for the month of July.  (Click to enlarge) (Click to…

  • Oil Price Rally Ends As Banks Slash Forecast

    Published 04 August 2017 | viewed 16,256 times

    After a month-long rally oil prices appear to have stagnated this week, although a falling rig count gave prices a slight boost on Friday.  Friday,…

  • Bulls Crushed As Oil Crashes Again

    Published 01 August 2017 | viewed 16,962 times

    Oil markets received a heavy blow on Tuesday morning as oil crashed by 3 percent due to a surge in OPEC's July output. (Click to…

  • Is This Oil Price Rally Sustainable?

    Published 28 July 2017 | viewed 17,040 times

    Oil prices have recovered as a result of a flurry of bullish catalysts, and while most oil majors see earnings improve, upstream investments are falling.…

  • Saudi Arabia Regains Influence Over Oil Markets

    Published 25 July 2017 | viewed 13,469 times

    Oil prices have spiked at the start of this week, with Brent breaking through the $50 mark in response to Saudi Arabia's promises to cut…

  • Oil Prices Slip On Falling OPEC Compliance

    Published 21 July 2017 | viewed 8,837 times

    Oil prices fell on Friday after preliminary reports showed that OPEC’s July output has increased once again while deeper cuts remain unlikely  (Click to enlarge)…

  • Oil Up As Saudis Consider Deeper Output Cuts

    Published 18 July 2017 | viewed 10,362 times

    (Click to enlarge) (Click to enlarge)  Chart of the Week:(Click to enlarge) •    The EIA forecasts that retail gasoline prices will average $2.38 per…

  • Oil Posts Solid Gains This Week

    Published 14 July 2017 | viewed 9,673 times

    Oil prices posted some solid gains this week, but with the market outlook remaining gloomy, a continuation of this upward trend looks unlikely to last…

  • Oil Rises Despite Gloomy Outlook

    Published 11 July 2017 | viewed 12,222 times

    As Goldman Sachs warned of another oil price collapse if bullish catalysts remained absent, oil prices struggled early this week, recovering slightly due to U.S.…

  • Oil Price Rally Unwinds As Markets Doubt OPEC’s Intentions

    Published 07 July 2017 | viewed 13,582 times

    This week’s oil price rally started to unwind on Friday as a result of rising OPEC exports, increasing U.S. shale output and a rising rig…

  • Markets Overcome The Crash: Oil Rally Continues

    Published 04 July 2017 | viewed 23,662 times

    Fueled by a bout of short covering, oil prices continue to climb towards $50 as some analysts now see more upside than downside. Chart of…

  • Oil Price Gains Could Be Here To Stay

    Published 30 June 2017 | viewed 35,152 times

    Oil prices are rallying as speculators close out short bets, but as Libya continues to bring production back online, it is unclear how solid these…

  • Oil Rebounds Despite Sour Sentiment

    Published 27 June 2017 | viewed 10,242 times

    Markets remain on edge despite a recent upturn in oil prices. The risk that oil may fall into the mid-$30s is looming and could spell…

  • All Eyes On OPEC As Oil Prices Sink

    Published 23 June 2017 | viewed 24,618 times

    Oil prices have been falling throughout the week, hitting a 10-month low on Wednesday, but Friday trading has seen a slight recovery. (Click to enlarge)…

  • Is $40 Oil On The Horizon?

    Published 20 June 2017 | viewed 17,246 times

    Despite a busy week in oil news, prices are hovering around the mid-$40s mark as inventories remain high and production from OPEC members Libya and…

  • Can Oil Come Back From Its Longest Losing Streak In Years?

    Published 16 June 2017 | viewed 33,676 times

    Oil prices recovered somewhat in Friday’s trading session as markets reacted stoically on another rise in the U.S. rig count. (Click to enlarge) (Click to…

  • Oil Flat As OPEC Sees Market Balancing At “Slower Pace”

    Published 13 June 2017 | viewed 9,915 times

    Oil prices held mid to higher $40’s as OPEC admits it sees the markets rebalancing at a slower pace than anticipated. (Click to enlarge) (Click…

  • Pessimism Sweeps The Oil Markets

    Published 09 June 2017 | viewed 20,215 times

    Oil has fallen lower this week, with a particularly bearish EIA report combining with geopolitical tensions in the Middle East to push prices downwards. Another…

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