Oil Markets
-
OPEC+ Output Cut Ease Unlikely to Unbalance Int’l Oil Markets
EghtesadOnline: The OPEC+ decision Dec. 3 to ease its output cut by an initial 500,000 bpd in January is unlikely to unbalance oil markets amid hopes for oil demand recovery from the early introductio…
-
Birol: IEA Concerned About Tensions in Hormuz Strait
EghtesadOnline: The International Energy Agency is "significantly" concerned about geopolitical tensions, including in the Strait of Hormuz, but oil markets are currently well supplied and unlikely…
-
Iran, Iraq Explore Ways to Expand Energy Ties
EghtesadOnline: Iraq and Iran are exploring ways to develop two shared oilfields despite US efforts to isolate Tehran from global oil markets.
-
Iran Oil Exports Could Shrink
EghtesadOnline: Iran’s oil exports could fall by as much as two-thirds by the end of the year because of new US sanctions, putting oil markets under huge strain amid supply outages across the…
-
Hedge Funds Are Betting Big on Oil
EghtesadOnline: The enthusiasm in the oil markets is breaking records. Hedge funds reported record wagers on continued price increases for both U.S. and global oil benchmarks, along with gasoline…
-
Oil markets roiled as Hurricane Harvey hits U.S. petroleum industry
EghtesadOnline: Oil markets were roiled on Monday after Hurricane Harvey wreaked havoc along the U.S. Gulf coast over the weekend, knocking out numerous refineries and some crude production.
-
U.A.E. Sees OPEC Considering Oil-Cuts Extension in November
EghtesadOnline: OPEC may need to consider extending its oil-cuts agreement when the group meets in November, as crude markets are taking too long to recover, United Arab Emirates Energy Minister…
-
OPEC's First 2018 Outlook Shows It's Still Pumping Too Much Oil
EghtesadOnline: OPEC’s first assessment of world markets in 2018 showed that, despite cutting output, the group is still pumping too much crude.
-
These Are All the Ways a Saudi Aramco IPO Could Impact Markets
EghtesadOnline: The exact dollar value of Saudi Aramco may be up for debate, but the listing of the world’s biggest company will be priceless for the kingdom’s markets.
-
Crude prices rise as investors bet big on oil strength
EghtesadOnline: Crude futures rose for a second day on Tuesday, with data showing hedge funds are betting big across oil markets following OPEC production cuts agreed last year.
-
Oil prices edge up on expected U.S. crude inventory draw
EghtesadOnline: Oil prices nudged higher on Wednesday on expectations of a U.S. crude inventory draw, although trading activity was muted as markets start to wind down ahead of the Christmas…
-
OPEC Deal to Create Oil-Supply Deficit Next Half, IEA Says
EghtesadOnline: Global oil markets will swing from surplus to deficit in the first half of 2017 as OPEC and other producers follow through on an agreement to cut supply, according to the International…
-
Oil Man Who Foresaw Crash Sees OPEC Uniting in Self-Interest
EghtesadOnline: OPEC members need to stop bickering over output curbs or risk the group becoming irrelevant to global oil markets, according to an analyst who predicted the biggest price crash…
-
Venezuela says OPEC, non-OPEC oil stabilizing deal 'close'
EghtesadOnline: Venezuelan President Nicolas Maduro said on Sunday that OPEC and non-OPEC countries were "close" to reaching a deal to stabilize oil markets and that he aimed for a deal to be…
-
IEA Changes View on Oil Glut, Sees Surplus Enduring in 2017
EghtesadOnline: The surplus in global oil markets will last for longer than previously thought, persisting into late 2017 as demand growth slumps and supply proves resilient, the International…
-
New brand of Iranian oil will enter world markets
EghtesadOnline: New brand of Iranian oil will enter world markets by end of this year on March 20, Director of the International Affairs Department of National Iranian Oil Company Mohsen Ghamsari…
-
Oil Markets Look Beyond Foiled Turkey Coup
EghtesadOnline: Oil prices fell on Monday as traders shrugged off the impact of the attempted coup in Turkey and the market turned its attention to bearish fundamentals, while disruptions to…