The oil market headlines have been bearish, bearish and bearish for a long time now. The physical spot market has been tight (and still is) with...
US crude stocks data ydy showed a build of 9.3 m bl last week which was almost as high as the 10.5 m bl indicated by...
US equities gained 1% yesterday and the USD index pulled back 0.2% but neither commodities in general nor oil prices specifically got any tailwind from that....
Brent crude gained 2.4% on Friday with a close at $60.51/bl on the back of a partial US – China trade deal, Brexit optimism as well...
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...
