Category: Oil Pricing

OPEC’s monthly shows the highest collective output by the growth in three years, as more, not less, OPEC oil continues to flood the market.

WTI crude oil prices spike above $50 as worries mount over Russia’s foray into Syria and chance for a greater conflict.

Despite large inventories of crude oil and refined products, oil prices are receiving support from rekindled geopolitical worries over Syria.

WTI oil prices inch toward $50 per barrel. Please check out the newly formatted Energy Overview.

Shell CEO and OPEC Secretary General see signs of “improvement” in the oil market.

This is preview week for the all-new Energy Overview.

This is a preview of the new Energy OverView. In-depth and actionable analysis empowering readers to make informed decisions for their business and trading portfolios.

Oil prices have regained some of their recent losses, yesterday, but they are lower again this morning in reaction to the move by China to devalue its currency. Brent crude oil prices retook the $50 level for a time, but are back under that level now.… Read more

WTI oil prices have fallen to five-month lows. The Bloomberg and Reuters OPEC production surveys were issued on Friday, and they both showed unrelenting production levels from the cartel. Saudi Arabia and Iraq output remains strong, with the Saudis continuing to produce in excess of 10 million bpd.… Read more

WTI oil prices remain range bound, lacking the conviction to move substantially in either direction. Yesterday’s weekly inventory report did little to foster a breakout of the long-running range between $58 and $62. The initial headline screamed a large drawdown in crude oil inventories of 3.9 million barrels, but the exuberance was dashed by a reported gasoline inventory increase.… Read more