Post Tagged with: "Oil Market"

Source: Reuters

Column-Oil market calm leaves funds without direction: Kemp


LONDON – Hedge funds resuming buying petroleum last week, with a focus on Brent, as confidence steadied following the wave of selling and sharp drop in prices a month ago.

Hedge funds and other money managers purchased the equivalent …

Source: Reuters

Column: Oil prices find new equilibrium: Kemp


Crude prices appear to have found a temporary equilibrium in recent weeks, with OPEC+ planning to add just enough extra production to prevent prices rising further and draw in more output from U.S. shale firms.

Brent’s six-month calendar spread …

Source: Reuters

Oil price structures show market balance returns in second half of 2021


LONDON – The oil market is likely to be in balance in the second half of 2021, even though European coronavirus lockdowns and U.S. winter storms caused disruptions in March, crude and petroleum products market price structures showed.

After …

March 31, 2021 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: CNBC

OPEC+ is facing a ‘very delicate, fragile balancing act’ in the oil market, strategist says


OPEC  and its allies need to find a balance between supporting oil prices and keeping U.S. crude production at bay, a strategist told CNBC this week as the oil-producing group starts to roll back supply cuts.

The alliance’s historic …

Source: Reuters

OPEC chief sees oil market moving closer to balance before key meeting


LONDON/DUBAI – The oil market is getting closer to balance as demand gradually rises, OPEC’s secretary general said on Monday, two days before the group and ally Russia meet to decide whether to ease output curbs from August.

The …

July 13, 2020 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

OPEC chief says oil market may have upside potential in 2020

Source: Reuters

VIENNA (Reuters) – The oil market outlook for next year may have upside potential, the secretary-general of producer group OPEC said on Tuesday, appearing to downplay any need to cut output more deeply.

The Organization of the Petroleum …


Bank of America Sees Oil Gains in 2019, but That Forecast is Far from Universal


  • A year ahead outlook report from Bank of America Merrill Lynch expects Brent crude to regain its recent losses in 2019 and settle at $70 a barrel.
  • But amid mounting global uncertainty on everything from trade and monetary
December 12, 2018 - 2:03 pm Closing Bell Story‎, Energy News, Finance
Oil Market Tightening: IEA Chief

Oil Market Tightening: IEA Chief

From Reuters

NEW DELHI (Reuters) – Global oil markets could tighten towards the end of this year due to strong demand and uncertainty of production in some oil producing nations, the head of the International Energy Agency said.

“Definitely there …

August 31, 2018 - 2:41 pm Closing Bell Story‎, Energy News