CNBC Opinion: Crude oil prices are on a path to heights not seen since 2014, according to one chart analyst. As the energy sector tracks for its best quarter on record with a year-to-date gain […]
China is gorging on sanctioned Iranian oil — with imports forecast to more than double this month from February — as other countries hold off purchases for fear of incurring the wrath of the U.S. […]
Israel has targeted at least 12 ships bound for Syria, most of them transporting Iranian oil, with mines and other weapons, according to a Thursday report. The attacks started in late 2019 and targeted both […]
Singapore — 0249 GMT: Crude oil futures were rangebound, with a slight downward bias, during mid-morning trade in Asia March 12, as further upside was limited after the overnight rally. At 10:49 am Singapore time (0249 […]
You’d think a world tiptoeing its way out of the coronavirus pandemic might only be good news for governments and economies. Yet the consequent surge in the price of energy, metals and crops is highlighting the strengths of some and […]
The group’s latest Monthly Oil Market Report (MOMR) sees global oil demand reaching 96.27mn b/d this year, up by 5.89mn b/d from 2020. The previous report pegged this year’s demand growth at 5.79mn b/d. Opec said it has […]
Singapore — 0308 GMT: Crude oil futures rose during mid-morning trade in Asia March 11 as bullish US products data from the Energy Information Administration negated a large build in US crude inventories, with the market […]
I have written on shale production in the U.S. a number of times over the past couple of years for OilPrice. My expectation that shale production would fall sharply to ~5-6 mm BOEPD by the […]
A big unilateral cut by Saudi Arabia enabled Opec-plus to post the highest compliance rate so far with the oil production cuts it began implementing last May. The Saudis lowered their production by 979,000 barrels […]
India’s obvious displeasure with restrictions on output imposed by OPEC and its allies, and its aim to diversify crude oil suppliers, may run into the harsh realities of the global market. The world’s third-biggest oil […]
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