WTI
Posted inExploration & Production
Oil falls on OPEC+ confusion and Covid-19’s spread
Oil prices fell today as the market priced in worries over the spread of the Covid-19 pandemic and some lack of confidence over OPEC+ maintaining output restrictions
Posted inExploration & Production
High prices tempt US shale but tapping OPEC+ inaction would take months
While US shale could try to take advantage of the OPEC+ deadlock, its monthly output is not expected to match the record achieved in 2019
Posted inExploration & Production
High prices tempt US shale but tapping OPEC+ inaction would take months
While US shale could try to take advantage of the OPEC+ deadlock, its monthly output is not expected to match the record achieved in 2019
Posted inExploration & Production
Oil rises on expectations of a cautious OPEC+ policy
Oil prices are rising today on market expectations that OPEC+ will decide to boost supply from August but in a cautious manner
Posted inExploration & Production
Supply outlook tightens as OPEC+ prepares to meet
Wood Mackenzie forecasts total oil demand to rise 5.9 million barrels per day (b/d) year-on-year for 2021
Posted inExploration & Production
Oil rises as strong demand causes another draw of US crude stocks
Oil prices rose today after the API institute forecasted another strong crude stocks draw in the US for the past week, and all eyes now are set on tomorrow’s OPEC+ meeting
Posted inExploration & Production
Oil rises on strong demand and inventory draws as traders ignore premature Iran news
Oil prices are ticking up today, enjoying some further gains after the EIA confirmed a massive oil stocks draw in the US, with traders not yet convinced Iran’s claim of an agreement with the US to lift sanctions is a done deal