In recent years, Mother Nature has thrown a curveball at heating oil companies, applying a tight squeeze on their profits as unseasonable warm weather conditions become more prevalent. As the climate continues to exhibit unpredictable patterns, the heating oil industry […]
Warm Weather Squeeze: Impact on Heating Oil Profits Read More »
Morgan Stanley has revised its oil price forecast for this year and next, considering the recent OPEC+ decision to cut production. Martijn Rats, chief commodity strategist at the bank, views the move as an indication that demand may not be
Morgan Stanley Cuts Oil Price Forecast After OPEC+ Move. Read More »
According to analysts and traders, unexpected new cuts to the OPEC+ group’s output targets could drive oil prices towards $100 per barrel and set the stage for yet another conflict with the West struggling with rising interest rates. The choice
OPEC+ cuts revive $100/barrel oil potential. Read More »
Oil exports from Kurdistan may be halted for a few more days even though Kurdish representatives are scheduled to meet with Baghdad officials again the following week to discuss the possibility of restarting crude shipments from Kurdistan via a pipeline
Kurdistan’s Oil Exports May Remain Shut for Another Week. Read More »
West Texas Intermediate reached $74 while Brent oil traded above $79 per barrel. Both metrics increased to their greatest point in the past two weeks. Supply concerns and resurgent demand from China as the country emerges from pandemic lockdowns are
Oil prices up on Kurdish supply dispute and US inventory data. Read More »
The oil industry has become an unpredictable and volatile market, with globalization introducing countless variables that make it difficult for analysts to accurately predict. The recent weeks have highlighted this divide, as market experts are divided between those who fear
Unpredictable Oil Market: A Divide Between Fear and Confidence Read More »
On March 24th, declining European banking shares and comments from U.S. Energy Secretary Jennifer Granholm about the slow refilling of the Strategic Petroleum Reserve (SPR) led to a 2.5% drop in oil prices. Brent crude fell to $74.06 a barrel,
Oil slides 2.5% on concerns over health of banking sector Read More »
