One of the recent positives for bonds and non-energy stocks could have run its course after Saudi Arabia raised the price of its flagship crude to Asia for a third consecutive month, according to Bloomberg markets live […]
Weekly data by EIA reveals crude stockpiles of 7.3 million barrels for the week to April 26, a sharp swing from a draw of 6.4 million barrels posted the previous week. Standard Chartered: the fastest […]
Oil prices have held steady week on week despite a significant inventory build in U.S. crude two weeks ago, which was countered by a draw in U.S. crude stockpiles for the week ending April 19th. Next to this, traders […]
Daily Standup Top Stories China’s state planner warns intensified EV price war on oversupply April 22, 2024 Mariel Alumit SHANGHAI, April 22 (Reuters) – China’s state planner expects an intensified price war among automakers of electric […]
Just a week after the Iraqi federal government announced it was repairing its own oil pipeline to Turkey, which would override a Kurdish oil pipeline that has been offline amidst a three-way diplomatic dispute between […]
Prices could rise to a level that will constrain demand OPEC regained control of the market, says Sebastian Barrack Global oil markets are on track to be “extremely tight” in the second half, with prices […]
One major beneficiary of sanctions on Russian and Venezuelan oil? US suppliers who’ve muscled their way into markets once dominated by OPEC and its allies. US oil exports have set five new monthly records since […]
Americans are feeling pain at the gas pump again, and consensus is rising that the pain won’t be easing anytime soon. If traders, analysts and industry executives are right, consumers could be looking back on […]
We increased our forecast prices for crude oil and petroleum products for the remainder of 2024 in our March Short-Term Energy Outlook (STEO) following the announcement that OPEC+ will extend the existing voluntary production cuts through the second quarter of 2024. […]
Oil prices have been strengthening over the past few weeks. The trend is not of particularly noticeable proportions, with Brent still stuck in the low $80s and West Texas Intermediate hovering around $80 per barrel. […]
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