Saturday, May 17, 2025
Analysts have been publicly claiming that a drop in the value of the U.S. dollar is coming. Of course, this has implications for oil - Oil & Gas 360

EnerCom Analysis:  Crude Oil Direction is More Important than Pinpointing Price

EnerCom built and maintains its own proprietary WTI price model to gain insights into the current market In the company’s recent monthly report, we reviewed the current drivers of WTI pricing. Because oil is a globally traded commodity with numerous possibilities for arbitrage, worldwide benchmark prices often move in sync with one another and are affected by the same global

Where are Prices Headed Following News of an OPEC Production Quota?

Unexpected oil deal sees crude oil prices jump OPEC announced yesterday a plan to reinstate a production cap for the group between 32.5-33.0 MMBOPD. The group reported producing 33.2 MMBOPD in its August report, meaning that OPEC would cut, at most, about 0.7 MMBOPD under the new agreement. Unlike the last time OPEC tried to broker a production agreement, it