Oil Inventory Data – In-Depth Look
Analysis and discussion with John J. Licata of Blue Phoenix talking about the latest oil inventory data.
Dubai Mercantile Exchange: Record two billion barrels traded since launch
The Dubai Mercantile Exchange Limited (DME) announced today that cumulative trading of its benchmark DME Oman Crude Oil Futures Contract (DME Oman) has exceeded...
Potential for Stronger Output Suppress Increase in Oil Prices
Oil prices rallied last Friday to register a seventh-straight session gain. New data showed the first decline in the number of active U.S. oil...
Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020
As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil's immediate future. As Saudi Arabia...
Brent crude oil rose to around $114 per barrel
Deficit in North Sea supply makes oil prices to increase above $114
According to the forecasts North Sea supply deficit will ease when maintenance ends...
Crude Oil Prices May Push $75 Short Term
Moves in the oil markets are most closely watched after prices surged to their highest levels since July 2015 on Monday. That rise followed...
Oil Prices might breach $100 per barrel mark in three years
A leading South Korean economic think-tank has observed that the world's crude oil prices might surge to break through the psychologically important $100 per...
Crude oil prices climb higher
In Thursday’s electronic trading session crude oil future prices climbed higher. This added a bit more to the previous session strong rally. Additional support...
Sheikh Mohammed announces new oil discovery in Dubai
H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai today announced the new oil discovery in...
Dubai new oilfield operation will begin within a year
An offshore oilfield announced by Dubai this week is likely to begin commercial production within a year.
The field which is named al-Jalila will...
Is a “V-Shaped” Oil Prices Recovery on the Horizon?
A "V-shaped" oil prices recovery has been recently hinted by Core Labs, which detailed its outlook for the oil market when it reported its...
Crude oil futures lost 9.2% on the week
Crude oil futures ended slightly higher last Friday in the U.S.
Crude oil for September delivery added 0.3%, or 25 cents, to $86.88 a...
Oil prices fell on possibility for direct nuclear talk
At the start of the week, oil traded under $97 per barrel. Optimistic news came out from the Middle East. Direct negotiations between US...
Could the oil price crunch topple governments?
Egypt's oil minister Osama Kamal has dismissed the head of state-owned Misr Petroleum and another top official due to a crisis in distributing fuel...
Future demand for oil may pull oil price lower
EIA reported an increase of 1.3 million barrels of crude oil for the week ended October 7, pushing the price lower.
Regional Markets To Follow Developments On OPEC+ Deal
Global equity markets recorded a negative performance during the week as economic indicators have started reflecting meaningful impact to growth, pushing the world into...
Oil Price Outlook 2017
Oil prices crashed at the beginning of 2016, reaching a low of almost $27 per barrel. By the end of the year, the expectations...
Oil vs The Market
Analysis and discussion with Stephen Schork of the Schork Report saying that the better place to look into invest maybe natural gas after surging...