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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Yousef Alshammari

Contributor since: 15 Jun 2020

Yousef Alshammari

Dr. Yousef Alshammari is the CEO and Head of Oil Research at CMarkits, London, UK. He is a former Research Fellow at OPEC with a Ph.D. from Imperial College London. He is a speaker on energy and oil markets with various TV channels including Al-Arabia, CNBC Arabia, and Asharq Bloomberg. He is also a member of the group of experts on clean fossil fuels and natural gas at the United Nations Economic Commission for Europe in Geneva. His insight is often quoted by S&P Platts, Energy Intelligence, and CNBC. 

Twitter: @YAlshammari

Latest articles from Yousef

  • Oil Prices Rebound As U.S. Inventories Dwindle

    Published 17 August 2020 | viewed 10,727 times

    Traders remain concerned about the increasing number of COVID-19 cases in many parts of the world including the United States, India and Brazil. The rise…

  • A String Of Bullish News Is Propping Up Oil Prices

    Published 10 August 2020 | viewed 10,073 times

    Crude oil markets remained optimistic over the past week supported by several bullish factors. Brent spot prices rose above $46 for the first time since April…

  • U.S. Oil Production Won’t Make A Comeback Under Current Prices

    Published 03 August 2020 | viewed 24,321 times

    Oil prices remain stable despite rising pressure over the last week. Economic data from the United States fueled bearish sentiment despite encouraging data from the…

  • Oil Prices In Limbo As Fears Of A Second COVID Wave Grow

    Published 27 July 2020 | viewed 13,079 times

    Oil markets sent some mixed signals last week as bullish and bearish data continued to influence prices. The COVID-19 situation in the United States raised…

  • $40 Oil Isn’t Enough For Saudi Arabia

    Published 21 July 2020 | viewed 71,167 times

    Despite the recommendation of the OPEC+ JMMC to ease the oil output cuts by 2 million bbl/d, oil markets maintained their bullish sentiment over the…

  • Tighter Oil Market Could Trigger Supply Surge

    Published 13 July 2020 | viewed 22,150 times

    Despite a reported rise in oil inventories last week, bullish trading returned to oil markets with Brent closing at $43.24, up by 10.02 percent w/w,…

  • Oil Demand To Rebound Despite Spike In COVID-19 Cases

    Published 06 July 2020 | viewed 24,740 times

    Despite the continued bearish sentiment, oil markets saw a bit of support over the past week, resulting from the sharp decline in the crude oil…

  • Oil Prices Will Hit $50 Before The End Of The Year

    Published 22 June 2020 | viewed 51,138 times

    Despite fears of a second wave of COVID-19, oil markets rebounded last week, showing signs of improving fundamentals as global supplies continue to tighten. On…

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