Oil Prices Head for 20% Monthly Surge Despite Recent Pullback
Crude oil prices have been trending lower over the past couple of days, but the benchmarks are on…
Oil Prices Retreat, But the Strait of Hormuz Remains the Wild Card
Trump’s latest comments cooled oil prices, but talks over ending the Strait of Hormuz blockade could prove far…
The Next Bull Market Could Be Built on Inventory Replenishment
The Middle East is once again at the center of global energy markets due to the renewed military…
How the U.S.-Iran Deal Put A Higher Floor Under Oil Prices
Analysts are back to expecting a huge oil glut next year as they see the U.S.-Iran deal as…
The Oil Market Could Be Weeks From a Breaking Point
Three and a half months after the blocked Strait of Hormuz created the worst oil supply disruption in…
Oil Could Enter Red Zone by July/August: IEA
The oil market is heading into what Fatih Birol calls the “red zone” this summer. Speaking Thursday at…
StanChart Says Record SPR Withdrawals Are Tightening U.S. Oil Buffers
Back in March, the 32 member countries of the International Energy Agency (IEA) unanimously pledged a record-breaking release…
US Crude Oil Inventories See Surprise Build
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 6.556 million…
IEA Mulls Emergency Action To Unleash Oil Reserves
Global energy leaders are gathering to decide whether to release emergency oil reserves as production and export disruptions…
China to Further Boost Crude Oil Reserves under Five-Year Plan
The world’s top crude importer, China, plans to further boost its undisclosed strategic oil reserves and expand storage…