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News

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4/19/2018 OIL BRIEF: OPEC and Allies Within Reach of Goal
OPEC and its allies are close to wiping out a crude surplus and expect the market to re-balance in the second quarter
4/18/2018 OIL MKT DRIVERS: API Crude Draw; ARA Build; Russia Tensions
API is said to report a drop in U.S. crude, gasoline and distillate inventories, before more definitive government data due later.
4/17/2018 IEA Warns of Price Risk for OPEC as Venezuela Oil Crisis Looms
Oil prices are near levels that could prove harmful to OPEC and other producers as global markets tighten
4/12/2018 Strong Sanctions on Iran; Pompeo on Russia
U.S. Treasury Secretary Steve Mnuchin says "very strong" sanctions could return on Iran.
3/23/2018 What's at Stake for Oil as Trump Appoints Another Iran Hawk?
John Bolton becomes U.S. national security adviser next month
3/21/2018 OIL MKT DRIVERS: API Sees U.S. Crude Draw; EIA Data; OPEC Goals
Prices rally for 2nd day, testing highs from late-February, after API yesterday was said to report draw in U.S. crude stockpiles.
3/21/2018 OPEC Said to Discuss Changing Gauge of Success for Oil Cuts
OPEC and its allies held further discussions about changing the way they measure the impact of their production cuts.
3/16/2018 Rig, CFTC Data; Nigeria Raises Qua Iboe OSP
String of data due later, including rig counts which fell for the first time in 7 weeks last week
3/13/2018 Crude Inventories Forecast to Grow; Shale Boom
U.S. crude stockpiles are forecast to rise this week, with API data due later.
2/20/2018 Russia See Glut Dissipating at Faster Rate
OPEC and its oil-producer allies concluded that the supply glut is dissipating at a faster pace than previously anticipated
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