OPEC upgrades its outlook for world oil demand for 2016
Jan 20, 2016 21:11 pm UTC| Commentary
Weak demand and worries over the worsening global oil surplus pressured prices over the prior trading week, with both WTI and Brent hitting their fresh multi-year lows. A global crude glut and slowing demand are major...
Jan 20, 2016 15:28 pm UTC| Insights & Views
The API has reported total U.S. and regional data relating to refinery operations and the production of the four major petroleum products (motor gasoline, kerosene jet fuel, distillate (by sulfur content), and residual...
Oil price faces downside risk after Iran's re-entry shakes market
Jan 19, 2016 21:40 pm UTC| Commentary
Oil prices changed the direction again on Tuesday, returning closer to fresh multi-year lows, after last weeks decision to lift sanctions on Iran added to the woes of weak demand and worries over the worsening global...
Oil prices fall further after Iran sanctions are lifted
Jan 18, 2016 17:21 pm UTC| Commentary
Oil prices are still in free fall, Brent dropped overnight to $27.67 per barrel, its lowest level since November 2003. At $28.36 per barrel, WTI reached its lowest level since October 2003. The renewed price slide was...
Brent at large discount to WTI as Iran sanctions go offline
Jan 18, 2016 06:24 am UTC| Commentary
World powers removed economic sanctions on Iran, over the weekend as International Atomic Energy Agency (IAEA) reported that Iran has abided by the all the clauses agreed on last July nuclear accord. There were oppositions...
Oil in global economy series – vanishing reserves
Jan 15, 2016 11:50 am UTC| Commentary
After reaching as high as $12 trillion in 2014, global reserves have been declining ever since, largely thanks to lower oil price coupled with weakness in China and emerging market currencies. China alone last year has...
S&P500 and oil are friends for now
Jan 15, 2016 09:07 am UTC| Commentary
SP500 - Hey Oil, wait for me As oil continues to slide past decade low and attempting to drop past $30 /barrel psychological support, SP 500 has started to follow oils direction, just like two good friends, too good...
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