Top

Tag: oil market


Chemical, Commercialization, Conventional Fuels

The Last Oil And Gas Cycle: Building The Future On Lessons From The Past

June 16, 2020

Via: Forbes

Oil and gas markets have always been volatile. Prices went up, prices went down — sometimes violently — and when they did, fortunes were made and lost. The industry learned to live with volatility, confident that when the market went […]


Commercialization, Conventional Fuels

Oil rally and Saudi price spikes could hurt refiners, stifling market recovery

June 8, 2020

Via: CNBC energy

Oil prices pared gains on Monday, despite the weekend announcement by OPEC and its allies, known as OPEC+, that historic production cuts of 9.6 million barrels per day across the group would continue through July as the coronavirus pandemic continues […]


Commercialization, Conventional Fuels

Oil is on track for its best month ever

May 29, 2020

Via: CNBC energy

Oil came under pressure on Friday, the last trading day of month, but it’s still on pace to post its best month in history as an uptick in demand as well as record supply cuts have pushed prices higher. West […]


Commercialization, Conventional Fuels

Here’s What’s Moving Oil Prices

May 28, 2020

Via: Forbes

After an enormous rally, oil prices have started to ease off today. The West Texas crude oil’s July contract crossed above $34 per barrel on Tuesday this week, which left many traders scratching their heads. There is no doubt that […]


Chemical, Conventional Fuels

Shell receives the most fuelling visits in the U.S.

May 22, 2020

Via: PetrolPlaza

Shell receives the most fuelling visits, representative of their large market share but Kwik Trip, Quik Trip, and Wawa fiercely compete for the lead with nearly identical CLI scores. Based on our last industry study, overall sentiment has increased with […]


Commercialization, Conventional Fuels

Oil jumps 12% to $33 as June futures contract nears expiration

May 18, 2020

Via: CNBC energy

West Texas Intermediate for June delivery jumped more than 12% on Monday to a two-month high, one day ahead of the contract’s expiration, as production cuts and the easing of stay-at-home restrictions supported prices. “Producers are significantly throttling back output […]


Chemical, Commercialization, Conventional Fuels

China’s Oil Imports Up 2% As Asian Majors Offer Robust 2020 Response To Coronavirus Turmoil

May 8, 2020

Via: Forbes

It is said that Asia’s voracious appetite for crude oil in general, and China’s in particular, fuels much of the global demand that’s been so badly stunted by the spread of the global coronavirus or Covid-19 pandemic. However, there are […]


Commercialization, Conventional Fuels

Big Oil Dividends Under Pressure With Brent Crude Down 70% In 2020

April 27, 2020

Via: Forbes

At the start of the year, even before oil and gas companies were clobbered by the global coronavirus or Covid-19 downturn and the short-lived OPEC+ crude price war, energy market sentiment wasn’t exactly robust. However, what has unfolded in the […]


Commercialization, Conventional Fuels

Low Oil Prices Put Squeeze On Non-OPEC Producers

April 17, 2020

Via: Forbes

The OPEC+ ‘deal of the century’ last weekend changes oil market dynamics in the short run. The 10 million barrels per day (b/d) production cut from May is huge, amounting to 10% of global supply, and it’s needed. The cuts […]


Commercialization, Conventional Fuels

Oil drops as much as 8%, on pace for worst week in more than a decade

March 12, 2020

Via: CNBC energy

Oil prices dropped as much as 8% on Thursday as crude continues to take a hit on both the supply and demand side. U.S. West Texas Intermediate crude is now down more than 25% this week, putting it on track […]


Commercialization, Conventional Fuels

Is This The Next Oil Price Collapse?

March 9, 2020

Via: Forbes

While OPEC and its compatriots struggle to cope with the demand weakness caused by the covid19 virus, it must be asked if this is more than a brief interlude in an otherwise robust oil market (robust in terms of price, […]


Commercialization, Conventional Fuels

OPEC will ‘go beyond’ what the market has currently priced in, strategist says

March 2, 2020

Via: CNBC energy

OPEC could deliver a larger-than-expected production cut at its meeting later this week, according to MUFG Bank. Oil prices have been under pressure since the outbreak of the coronavirus in January dampened the demand outlook for the year. Following the […]


Commercialization, Conventional Fuels

Coronavirus Is Making The U.S. Oil And Gas Sectors Even Sicker

February 17, 2020

Via: Forbes

The global energy sector is sick because of the coronavirus. But the disease could have its most deleterious effect on the U.S. oil and gas industries, given that the president is trying to pressure China to buy more U.S-produced fossil […]


Commercialization, Conventional Fuels

Oil Markets Brace For WHO’s Global Health Emergency Declaration

January 30, 2020

Via: Forbes

The World Health Organization (WHO) is currently convening a special committee in Geneva, Switzerland where it will likely advise Director-General Dr. Tedros Ghebreyesus to declare a Public Health Emergency of International Concern (PHEIC) on the outbreak of the novel coronavirus […]


Commercialization, Conventional Fuels

OPEC’s waning influence laid bare as coronavirus outbreak hammers oil prices, analysts say

January 29, 2020

Via: CNBC energy

OPEC’s battle to support oil prices as China’s coronavirus spreads internationally shows the producer group is struggling to wield the same influence over global crude markets, energy analysts have told CNBC. It comes amid speculation that OPEC and non-OPEC producers, […]


Commercialization, Conventional Fuels

Middle East Tension Will Bring More Oil Market Speculators And Yet More Barrels

January 6, 2020

Via: Forbes

In the small hours of Friday (January 2) morning, the global oil market got its first geopolitical jolt of 2020 after a U.S. airstrike in Iraq took out Qasem Soleimani, an Iranian General of the country’s Islamic Revolutionary Guard Corps, […]


Commercialization, Conventional Fuels

Oil Prices Face Double Whammy In 2020

December 30, 2019

Via: Forbes

Oil traders should look out below for the next 12 months. Next year, the energy market faces a double whammy of a supply glut and lackluster demand that could send prices for crude oil down more than 10% from current […]


Commercialization, Conventional Fuels

The OPEC Dilemma: Is Oil Market Weakness Short-Term Or Long?

December 4, 2019

Via: Forbes

As OPEC and its allies meet this week in Vienna, some pundits anticipate they will seek to reassure nervous markets with additional production cuts. Expectations that next year will see a growing oil surplus if nothing is done have already […]


Commercialization, Conventional Fuels

Slowing Permian Oil Supply Might Be Reversed Soon

October 15, 2019

Via: Forbes

Turmoil in the oil market is nothing new, and recent events in the Middle East, including the missile attack on Abqaiq and the apparent attack on an Iranian tanker, have overshadowed developments in the oil market fundamentals, but further out […]


Commercialization, Conventional Fuels

Oil Market Surprise: Return Of The Bulls

August 29, 2019

Via: Forbes

After oil prices dropped about $10 a barrel since this spring, they now appear to be on an upward trajectory, despite continued fears that the trade war will cause a recession or that the imbroglio between Iran and President Trump […]