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]
Policy makers and analysts may be justified in saying they are unusually uncertain, with the economy delicately poised between moderation and recession, and hyper-sensitive to even small shocks that could nudge it towards either eventuality. [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]
According to a survey by Reuters, OPEC production saw its largest monthly decline in two years this month. The decline is due to the cartel’s most recent supply cut agreement. Reuters photo. OPEC production down [Read more]
The Federal Reserve’s promise to be “patient” as it determines how to adjust interest rates in future has been welcomed by investors fearful that an economic slowdown could preface a slide into recession. Federal Reserve [Read more]
On Wednesday, the Notley government announced it will ease the Alberta oil output limits, increasing production in February and March to 3.63 million b/d. Suncor photo. Alberta oil output limits up by 75,000 b/d The [Read more]
Oil prices rose on Wednesday after data from the US Energy Information Administration showed US crude stocks rose less than expected last week due to a decline in imports. Equinor photo. US oil prices up [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]
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]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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