Oil prices are enjoying their highest levels in more than two years today, as a projected draw-down of US crude inventories caused price gains of more than $1 in a single day
WTI
Posted inExploration & Production
Oil trims early gains as OPEC+ hints production boost
After rising in the beginning of the trading day on strong demand expectations, oil prices eased later in the day after OPEC+ is reportedly discussing to increase production from August
Posted inExploration & Production
Oil keeps momentum on strong demand recovery
Oil prices are starting the week by keeping their high levels, supported by bullish market expectations for a quick oil demand recovery and for higher oil valuation next year
Posted inExploration & Production
Oil gains on tight supply against rising demand
Oil prices are rising today, keeping levels well over $70 per barrel, as the summer demand boost is still met with supply discipline and as negotiations that could bring back Iranian barrels to the market seem to be dragging in time
Posted inExploration & Production
Carbon and gas driving strong week for energy
Rising inflation remains a key focus and one that to a certain extent has been driven by higher input costs from surging commodities
Posted inExploration & Production
Oil fluctuates as traders weigh US gasoline stocks against overall demand forecast
Oil prices recovered early losses today as the market opted to keep levels above $70 dollars, weighing the positive overall demand forecast against a gasoline stocks build in the US and a return of Libyan production
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Oil rises on demand recovery, WTI highest since 2018 on positive US consumption signs
Oil prices rose on Wednesday, with WTI reaching its highest level since 2018, on positive demand signs – especially from the US
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Oil declines on profit taking, strong dollar and demand forecast differences
Oil prices continued their decline today due to a strong US dollar, as traders profit from high prices and as the market now evaluates which of the positive demand forecasts is actually more justified
Posted inExploration & Production
Oil prices trimmed but overall levels stay strong
Oil prices slipped a bit on Monday, but the bigger picture remains that an overall high price is intact and expected to last through the summer
Posted inExploration & Production
Oil keeps strong on OPEC+ supply discipline and summer demand
High oil prices don’t seem to be going away soon and continue to maintain recent gains on Friday, supported by OPEC+ supply discipline and enthusiasm over the strong summer demand