Crude Oil
Crude Oil
What’s Affecting Oil Prices This Week? (Aug. 2, 2021)
Brent and WTI crude are tracking well so far. However, in its latest oil price forecast, Stratas Advisors says U.S. production will be a key variable going forward that will affect the future supply/demand dynamics and oil prices.
Crude Oil , Trade , International
OPEC Oil Output Hits 15-month High, Survey Shows
Saudi Arabia delivered the biggest increase in July of 460,000 bbl/d of oil, as it further unwound its voluntary cut and raised output as part of the July 1 OPEC+ boost.
Crude Oil
Oil Prices on Track for Strong Weekly Gain
“The oil market no longer appears to be viewing the issue of the Delta variant with quite the same alarm as it was at the beginning of last week,” said Commerzbank analyst Carsten Fritsch.
Crude Oil , Pipelines
Enterprise Oil Pipeline Volumes Rise on Demand Recovery
Strong prices and lower inventories at the Cushing oil storage hub in Oklahoma are signaling that volume needs to stay in the U.S. at least for now, co-CEO A. J. Teague added during the company’s post-earnings call.
Crude Oil
What’s Affecting Oil Prices This Week? (July 26, 2021)
Back on trend? Stratas Advisors is projecting that demand will continue to outstrip supply throughout the rest of the year in its latest oil price forecast.
Crude Oil , Trade , International
US Weighs Crackdown on China’s Import of Iranian Oil
Chinese refiners are the biggest importers of Iranian oil. That U.S. officials are hinting at a possible crackdown may be a veiled threat that Washington has ways to exact a price from Tehran, says analyst.
Crude Oil , Storage
US Crude Oil Stockpiles Rise for First Time Since May
The crude oil build in the U.S. was “obviously” a surprise driven by a surge in imports and a plunge in exports, says analyst John Kilduff.
Crude Oil , Emissions , Energy Transition
Climate Policies Unlikely to Disrupt Oil Demand Growth, Study Shows
High levels of government intervention in climate policy will likely not slow down oil demand over the next decade, new study says.
Crude Oil , Trade , International
Opinion: OPEC+ Deal Should End $100 Oil Predictions
So far the evidence from crude oil demand appears to favor the bearish narrative that the world economic recovery is not happening fast enough, especially in the top oil-importing region of Asia.
Crude Oil
What’s Affecting Oil Prices This Week? (July 19, 2021)
Stratas Advisors sees renewed concerns in its latest oil price outlook due to OPEC+ reaching a deal to boost oil production plus the ongoing rise in COVID-19 cases around the world.