Baker Hughes US oil rig count has declined by 178 rigs since the recent peak of 888 rigs in mid-November 2018 with latest count now at...
We cannot let go of the fact that China now has dragged oil into the trade war (5% import tariff on US produced crude oil) and...
Yesterday’s report on US shale oil drilling from the EIA was mostly depressing reading for global oil producers. It showed that the completion of wells rose...
(What it means: Diesel, gasoil and jet fuel are set to become more expensive relative to crude oil prices while gasoline and high sulphur bunker oil are set...
Brent crude ydy closed down 1.5% at $58.94/bl. That was the lowest level since early January, below the lows from June and below the technically important...
Brent crude lost 7.2% and closed at $60.5/bl with also the three year contract loosing 4% with a close of $56.02/bl. Neither equities nor oil were...
Between 2.2 m bl/d to 2.5 m bl/d of new pipeline capacity from the Permian basin to the US Gulf will be put into operation in...
Brent crude jumps 2.8% this morning to $66.6/bl following news that Saudi Arabia and Russia are in agreement of an extension of current cuts for another...
Following its intraday low of $59.45/bl last week the Brent August contract staged a mild rebound this week and reached an intraday high of $64.1/bl on...
Brent crude gained 2.3% last week with a close of $72.2/bl countering negative headwinds from both USD strength (Dollar index +0.7%) and losses in global equities...
