Crude Oil

Crude Oil , Trade , Legislation , International

US House Panel Advances Bill to Allow Anti-trust Suits Against OPEC

The so-called NOPEC bill, introduced by Representative Steve Chabot, would allow the U.S. Justice Department to bring anti-trust lawsuits against oil-producing countries in OPEC.

April 20, 2021

Crude Oil

Libya’s NOC Declares Force Majeure on Hariga Port

Subsidiary that runs the terminal had suspended output.

April 20, 2021

Crude Oil

What’s Affecting Oil Prices This Week? (April 19, 2021)

The recovery of the global economy appears to be well on its way, however, the recent set of geopolitical developments highlights that there are always risks associated with the oil markets, says Stratas Advisors in its latest oil price forecast.

April 19, 2021

Crude Oil , Trade , International

Oil Prices Slip as Rising COVID-19 Cases Spark Demand Concerns

India reported a record rise in coronavirus infections of 273,810 on April 19, increasing overall cases to just over 15 million, making the country the second-worst affected after the U.S.

April 19, 2021

Crude Oil , Trade , International

Oil Prices Hit One-month High as IEA, OPEC Raise Forecasts

Supply discipline and rebounding economies are set to give oil a chance to break out of the recent range, Goldman Sachs analysts said in a report.

April 15, 2021

Crude Oil

IEA Ups Oil Demand Forecast as Vaccinations Brighten Outlook

The IEA predicted global oil demand and supply were set to re-balance in the second half of the year and that producers may then need to pump 2 million bbl/d more to meet the expected demand.

April 14, 2021

Crude Oil , Trade , International

OPEC Raises Oil Demand Growth Forecast on Hope Pandemic Wanes

The upward revision marks a change of tone from previous months, in which OPEC has lowered oil demand forecasts because of continued lockdowns.

April 13, 2021

Crude Oil

What’s Affecting Oil Prices This Week? (April 12, 2021)

In its latest oil price forecast, Stratas Advisors explores whether oil prices will rebound in the second quarter or continue on the downward trend of the last several weeks.

April 12, 2021

Crude Oil

What’s Affecting Oil Prices This Week? (April 5, 2021)

The week of unchanged prices came with the announcement of oil production increases from OPEC+ among other developments, says Stratas Advisors in its latest oil price forecast.

April 5, 2021

Crude Oil , Trade , International

OPEC+ to Gradually Ease Oil Output Cuts from May

A few days before the April 1 meeting, OPEC+ delegates had said the group would likely keep most existing oil output cuts in place. But in the 24 hours before the meeting started, sources said discussions had shifted to a possible output increase.

April 1, 2021