Saudi Energy Minister Hopes To Balance Oil Market Before Next Year
Saudi Energy Minister Khalid al-Falih said on Saturday that he hopes oil producers will be able to balance the oil market before next year.
June 15, 2019
Crude Oil
IEA Cuts 2019 Estimate For Oil Demand Growth On Global Trade Worries
The Paris-based IEA, which coordinates the energy policies of industrial nations, revised down its 2019 demand growth estimate by 100,000 barrels to 1.2 million barrels per day (MMbbl/d) but said it would climb to 1.4 MMbbl/d for 2020.
June 14, 2019
OPEC Must Confront An Unpalatable Reality
U.S. shale production and a slowing global economy are revealing the limits of the cartel’s influence on oil markets.
June 14, 2019
Analysts: Tanker Bombings Point To More US-Iran Tension, Oil Price Rise
Oil prices rose Thursday following attacks on two Asia-bound tankers plying the Gulf of Oman, just east of the Strait of Hormuz, a major choke point for global crude markets.
June 13, 2019
Frac Spread: Gloom Persists But Price Pickup Could Be Near
Butane’s free-fall drops it to the lowest point since Hart Energy began tracking NGL prices.
June 13, 2019
Oil Surges After Gulf Tanker Attacks, Stocks Claw Higher
Brent jumps by 4% as tensions rise between U.S. and Iran.
June 13, 2019
OPEC Cuts Oil Demand Outlook, Building Case To Keep Supply Curbs
Cartel members concerned about price slides stemming from trade disputes.
June 13, 2019
US Oil Production Projected To Rise Less Than Previously Expected
Despite the slowdown this year, the EIA expects U.S. oil production to continue to set new records in 2019 and 2020, an administration with the Energy Department said.
June 11, 2019
What's Affecting Oil Prices This Week (June 10, 2019)?
Brent to average $61/bbl as prices pause and markets reevaluate economic expectations.
June 10, 2019
China May Crude Oil Imports Drop From Record In April
Cut in imports from Iran is cited for reduction.
June 10, 2019