By Jesse Barnett This article was published by the US Energy Information Administration on Jan. 31, 2020. Crude oil supply disruptions—realized or expected—can have large and immediate effects on crude oil prices. Two recent events, [Read more]
Oil prices rose slightly Thursday on OPEC supply cuts as well as US sanctions on crude from Iran and Venezuela, however, gains were capped by falling stock markets and concerns about weakening demand growth. [Read more]
Oil prices slipped on Wednesday after data from the US Energy Information Administration showed a significant increase in US crude stocks, but a third draw down in gasoline inventories helped underpin crude prices. Anadarko photo. [Read more]
Oil prices were flat on Tuesday as the market considered the OPEC supply alongside weakening global demand and the restart of Libya’s biggest oilfield. BP photo. OPEC announced it will likely extend its supply pact [Read more]
Hedge funds continued to boost their bullish position in crude and fuels last week despite a call from U.S. President Donald Trump for OPEC to “relax and take it easy”. Anadarko photo by Mike Goldwater. [Read more]
After a tumultuous trading day on Monday, oil prices steadied on Tuesday after OPEC sources said the cartel is likely to carry on with its supply cut agreement despite a tweet from US President Donald [Read more]
Oil prices fell significantly on Monday after US President Donald Trump tweeted a plea to OPEC to “relax and take it easy” and warned that the “world cannot take a price hike – fragile.” Oil [Read more]
Oil prices hit their highest level since mid-November on Friday as the market grew more hopeful that the United States and China would soon reach a deal to end the ongoing trade war. Anadarko photo. [Read more]
Oil prices dipped on Thursday from 2019 highs after data from the US Energy Information Administration showed the fifth weekly build in US crude stocks as well as record high US oil output. Anadarko photo. [Read more]
Hedge funds now hold a net long position of 266 million barrels in Brent, up from 136 million at the start of December, though still far below the almost 500-million-barrel position at the end of [Read more]
Benchmark Brent oil prices hit a 2019-high on Friday as investors were encouraged by the OPEC supply cut as well as a higher-than-expected drop in Saudi Arabia’s production. Oil prices up over 2 per cent [Read more]
Front-month Brent futures oil prices have jumped to almost $65 per barrel, up from just $50 in late December, and the highest for nearly three months. Equinor photo by Ole Jørgen Bratland. Oil prices rise [Read more]
Oil prices rose on Tuesday on OPEC data showing a sharp reduction in output last month. On Monday, Saudi Arabia announced it will cut its production in March by an additional 500,000 barrels. Repsol photo. [Read more]
Oil prices slipped just under 1 per cent on Monday as the market grew less optimistic about a quick resolution of the US – China trade war. Anadarko photo. Oil prices underpinned by OPEC supply [Read more]
Hedge funds and other money managers increased their net long position in Brent crude futures and options for the eighth time in the last nine weeks but by just 1 million barrels. Anadarko photo. Hedge [Read more]
Oil prices climbed on Friday on strong US jobs data and tightening crude supply due to US sanctions on Venezuelan oil exports. OPEC cuts are also impacting the global crude market. Repsol photo. Oil prices [Read more]
Driven mostly by evolving trade flows of liquid fuels and natural gas, the US Energy Information Administration forecasts that the United States will be a net energy exporter by 2020. Enterprise Products Partners L.P. photo. US [Read more]
During the first 10 months of 2018, US gasoline consumption was flat as rising fuel prices offset the strong economy and big gains in employment. Shell photo. US gasoline consumption averaged 9.34 million b/d between [Read more]
Oil prices fell about 3 per cent on Monday on rising US oil production and waning confidence that the US and China will soon end the trade war between the world’s two largest economies. Equinor [Read more]
Hedge funds boosted oil and refined products buys last week on hopes of a U.S.-China trade truce and that the global economy will avoid a slowdown in 2019. Equinor photo. Hedge funds buying concentrated in [Read more]
@2020 Energi Media Ltd., | Covering Energy’s Tommorrow
