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]
Rising concerns about tightening crude supply due to turmoil in Venezuela helped boost oil prices on Friday, but an increase in the US oil rig count capped gains. BP photo. Oil prices up 1 per [Read more] [Read more]
US oil and natural gas resources will continue to see growth in development, according to the US EIA. In its Annual Energy Outlook, the agency predicts natural gas and natural gas plant liquids will experience [Read more] [Read more]
Oil prices will be influenced by the state of the global economy as well as US shale production growth, OPEC policy, US sanctions on Iran and possible US sanctions on Venezuela. Encana photo. “Predict what [Read more] [Read more]
Oil prices fell slightly on Wednesday as the US stock markets continued to struggle due to concerns about a weakening global economy. Anadarko photo. Oil prices down under 1 per cent Oil prices slipped during [Read more] [Read more]
Oil prices fell on Tuesday as the market grew more concerned about a slowing global economy and rising US production as well as smaller-than-expected cuts by OPEC and its allies. Encana photo. Oil prices down [Read more] [Read more]
The US shale boom, combined with generous waivers from US sanctions on Iran’s oil exports and the sharp fall in global equity markets, “created a near perfect storm to close out 2018”, according to oilfield [Read more] [Read more]
Oil prices teetered between slight gains and small losses on Monday on OPEC production cuts, but data showing a slowdown in China somewhat dampened investors’ enthusiasm. ConocoPhillips photo. Gains in oil prices reined in by [Read more] [Read more]
Hedge funds have started to accumulate bullish positions in crude oil and diesel once more, amid rising optimism about the outlook for the global economy in 2019. ConocoPhillips photo. Hedge funds, investors optimistic about future [Read more] [Read more]
The oil market has been somewhat rebalanced by OPEC’s supply cut agreement, which will see participants cut the group’s total production by at least 1.2 million barrels per day. Getty Images photo by Akos Stiller. [Read more] [Read more]
Oil prices steadied on Wednesday after Tuesday’s gains of 3 per cent, however EIA data shows growing US refined product stockpiles and growing US production, which could undermine efforts to rein in a growing crude [Read more] [Read more]
Oil prices rose by over 2 per cent on Tuesday after China announced it will introduce a $586 billion stimulus package to help stabilize its slowing economy. Apache photo. Oil prices reverse Monday’s losses Oil [Read more] [Read more]
Despite the recent slump in oil prices, forecasts have edged down by less than $5 per barrel compared with the last annual survey conducted at the start of 2018 and have changed little over the [Read more] [Read more]
Oil prices fell about 1 per cent on Monday after data from China showed exports fell by the highest amount in two years last month and imports also fell. AP photo. Oil prices fall about [Read more] [Read more]
Fund managers’ cautious positioning in oil suggests they see roughly three equal crude outlook probabilities: Resumption of strong growth; an extended soft patch; or a slump into recession. Linn Energy photo. Cautious crude outlook on [Read more] [Read more]
Oil prices fell by about 2 per cent on Friday due to ongoing concerns about a global economic slowdown, but prices are set to end the week higher on US-China trade hopes. Repsol photo. Oil [Read more] [Read more]
By the end of last year, diesel futures held by hedge funds had fallen to a level normally associated with a sharp slowdown in economic growth if not an outright recession. Shutterstock photo. Short positions [Read more] [Read more]
The exceptional rally in natural gas prices during the late summer and early autumn has unwound, leaving gas prices back at the low level that has prevailed for the last three years. Natural gas prices [Read more] [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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