For months, the IEA has struck a bearish tone and warned of a large surplus coming to the market in 2025. Global inventories have been drawing down at a much larger rate than the IEA […]
Crude oil prices moved higher today after the U.S. Energy Information Administration reported an inventory build of 2.1 million barrels for the week to November 8. In fuels, however, inventories fell. At the time of writing, Brent crude was […]
Comments highlight forecasters’ debate over oil demand growth US is seen focused on growth regardless of election outcome Escalating tensions in the Middle East and US relations with China pose the greatest concerns for Big […]
Daily Standup Top Stories What will happen to oil prices if Israel attacks Iran oil installations? October 6, 2024 Stu Turley If Israel were to attack Iran’s oil installations, the immediate impact on oil prices would […]
Whereas the latest oil price rally comes as a boon for long-suffering oil bulls, countries that rely heavily on Middle Eastern energy imports are by no means celebrating. In August, the Middle East accounted for […]
Israel’s vowed reprisals on Iran, and likely escalation afterward, have jolted complacent energy markets. All eyes are on the scale and scope of Israel’s promised response to Iran’s large-scale missile barrage on Tuesday. Few eyes […]
Daily Standup Top Stories Oil Prices Spike As Iran Sends Volley of 100+ Ballistic Missiles Into Israel October 1, 2024 Stu Turley Iran has fired more than 100 ballistic missiles into Israel, according to the latest […]
Russia’s Energy Minister Alexander Novak (L) and his counterparts from Saudi Arabia Prince Abdulaziz … [+] AFP via Getty Images After several years of relative stability in global crude oil markets, speculation is rising that strategic shifts […]
Daily Standup Top Stories Trouble Deepens for North Sea Oil and Gas September 24, 2024 Mariel Alumit North Sea oil and gas operators are not just facing the prospect of higher windfall taxes, they are now […]
Goldman Sachs expects Brent crude oil prices to see some upside in the fourth quarter, potentially reaching $77 per barrel. The bank’s outlook is driven by several key factors, including a recent interest rate cut […]
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