But their effect might be less than previously feared
Brent crude
Posted inDRILLING & PRODUCTION
Interview: Saxo Bank Head of Commodity Strategy Ole Hansen on oil prices
“Right now, it seems like we have a tug of war between those worried about the price impact of US sanctions against Iran, and those who are looking further out who have seen the recent weakness in the stock market,” Ole Hansen said
Posted inDRILLING & PRODUCTION
Brent crude drops below $80 per barrel as US stockpiles grow
Following a bullish run in early October, Brent crude dropped to $79.42 per barrel.
Posted inDRILLING & PRODUCTION
EIA boosts price forecast for Brent and WTI crude oil in 2019
The Permian region, OPEC production, US sanctions on Iran and Venezuela all have roles to play in determining future oil prices.