Monday, October 13, 2025
EIA rattles oil markets with reports of crude oil, product builds- oil and gas 360

EIA rattles oil markets with reports of crude oil, product builds

(Oil Price) – Crude oil inventories in the United States increased by 1.8 million barrels during the week ending September 26, after shrinking by 600,000 barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 416.5 million barrels according to government data, which is still 4%

Oil markets may see a potentially "big" surplus ahead, HSBC says- oil and gas 360

Oil markets may see a potentially “big” surplus ahead, HSBC says

(Investing) – The oil market is anticipated to a see a “big surplus” from the fourth quarter onwards, driven in large part by the return of OPEC+ producer group barrels over the next 12 months, according to analysts at HSBC. In a note to clients, the strategists led by Kim Fustier forecast a surplus growing from 600,000 barrels per day in

Russia eyes joint effort to steady shaky oil prices- oil and gas 360

Russia eyes joint effort to steady shaky oil prices

(Oil Price) – Russia believes that Moscow, its OPEC+ ally Saudi Arabia, and the United States could work together to stabilize the oil market if necessary, the head of Russia’s sovereign wealth fund told Reuters on Thursday. “There was an example when (Russian) President Putin, (U.S.) President Trump and (Saudi) Crown Prince Mohammed bin Salman played a key role in stabilising markets,” Dmitriev,

Did oil markets overreact to Trump's tariffs?- oil and gas 360

Did oil markets overreact to Trump’s tariffs?

(Oil Price) – Last week’s price crash, which saw Brent Crude prices dip below $60 per barre, was an excessive market reaction to the U.S. tariffs, with speculators assuming there would be no growth in oil demand due to recession fears, Gunvor’s head of research Frederic Lasserre told Bloomberg. “I think the market overreacted,” Lasserre told Bloomberg in an interview, commenting on last week’s

Oil markets fail to respond to geopolitical escalations- oil and gas 360

Oil markets fail to respond to geopolitical escalations

(Oil Price) – Ten days ago, the Biden administration expanded sanctions on Iran’s petroleum and petrochemical sectors in response to Iran’s October 1 attack on Israel, its second direct attack on Israel this year. According to the White House, Iran’s oil exports are enabled by a network of illicit shipping facilitators in multiple jurisdictions which, through obfuscation and deception, load and transport Iranian

Currie claims fears of an oil market glut are “Completely Overplayed”- oil and gas 360

Currie claims fears of an oil market glut are “Completely Overplayed”

Oil Price Oil market participants are “dramatically overestimating” a supply glut, as Chinese demand is not as doom-and-gloom as headline figures suggest and U.S. crude oil production is basically flat this year, Jeff Currie, chief strategy officer of energy pathways at Carlyle, said on Tuesday. Fears of a major oil glut are “completely overplayed,” Currie told the Asia Pacific Petroleum

Oil market nears breakout point- oil and gas 360

Oil market nears breakout point

Oil Price Crude oil prices have been tightly range-bound for about a year now, with bearish and bullish factors largely balancing each other out. But one Wall Street major believes the market is nearing a breakout point. The only question is whether the breakout will be a bearish or a bullish one. In a recent note, Bank of America analysts referred to

IEA sees OPEC+ cuts pushing oil markets into a supply deficit- oil and gas 360

IEA sees OPEC+ cuts pushing oil markets into a supply deficit

Oil Price The oil market is shifting from a surplus to a supply deficit that will last for all of 2024 if OPEC+ further extends its production cuts until the end of the year, the International Energy Agency (IEA) said on Thursday. Early this month, the members of the OPEC+ alliance that had pledged the Q1 cuts announced they would roll

Oil markets set to tighten, economic headwinds to hit growth - IEA- oil and gas 360

Oil markets set to tighten, economic headwinds to hit growth – IEA

Nasdaq LONDON – Oil demand is set to hit a record high this year and the market is tightening but economic headwinds and interest rate hikes have deflated growth expectations slightly, the International Energy Agency (IEA) said on Thursday. Still, the Paris-based energy watchdog sees demand growth next year rising by more than anticipated despite the rise being less than

Oil markets shrug off Russian political turmoil- oil and gas 360

Oil markets shrug off Russian political turmoil

Nasdaq LONDON – Oil prices fell on Monday after a revolt by Russian mercenaries over the weekend, though the political instability did not appear to pose an immediate threat to oil supply from one of the world’s largest producers. Brent crude futures LCOc1 were down 8 cents, or 0.1%, at $73.77 a barrel by 0900 GMT. U.S. West Texas Intermediate crude (WTI) CLc1 was

IEA: New G7 price cap pledge unlikely to impact oil markets- oil and gas 360

IEA: New G7 price cap pledge unlikely to impact oil markets

Oil Price There will be no significant effect on oil prices from stricter enforcement of the price cap on Russian oil exports as supply will not change meaningfully. This is according to the International Energy Agency, which commented on a statement made by the G7 during their meeting this weekend. “Any significant changes in the markets as always we will

OPEC expands control of oil markets as shale growth stalls- oil and gas 360

OPEC expands control of oil markets as shale growth stalls

Oil Price After a decade of exponential growth, the U.S. shale patch is no longer the swing producer on the global markets. That role is now back in the hands of OPEC and its largest and most influential members in the Middle East, analysts and industry executives say. From growth of over 1 million barrels per day (bpd) in oil