Tag: crude

February 3, 2020

OPEC and its allies could cut production by more than a million barrels a day at a rescheduled meeting this month, as policymakers work to arrest a double-digit collapse in the price of oil. “I think it is a ‘go […]

September 27, 2018

US tight oil has revolutionized the global oil market. It is a strongly growing source of high-quality crude, the economics of which proved resilient to OPEC’s competition for market share. Brent – WTI differentials have been volatile, as producers and […]

November 16, 2017

While crude demand will grow over the long-term, vast US reserves and lower cost production will keep a lid on prices, says the International Energy Agency The need to replace existing oil reserves, if nothing else, is likely to keep […]

March 10, 2016

Oil prices dipped on Thursday after U.S. crude hit 2016 highs the day before and Brent shot back over $40 per barrel, with analysts warning that larger gains would be unwarranted as a global glut continues to outweigh strong demand. […]

March 8, 2016

Oil prices fell on Tuesday on weak Chinese trading data, but Brent remained over $40 a barrel after jumping to 2016 highs the previous day when producers announced talks to support the market and investors opened new bullish bets. Brent […]

February 18, 2016

Crude futures rose in Asian trade on Thursday after Iran welcomed plans by Russia and Saudi Arabia to cap production, although analysts said the move would not lead to any output cuts and Tehran offered no action of its own. […]

February 8, 2016

Cullen/Frost Bankers Chairman and CEO Dick Evans said Monday his stress test model looks for a $28 per barrel bottom for oil, and a historically low level of $40 per barrel out to 2020. Energy loans make up for over […]