High Oil Prices Depend On A Handful Of People

07:22am, Friday, 28'th Jun 2024
And no, it's not Joe Biden, Donald Trump or Scott Sheffield. The current price is well above the long-run marginal cost of oil (assuming a free market, which, well, never happened, never will) and is
Oil prices will not change much in the second half of 2024 as concerns around demand from China and prospects of higher supply from key producers counter risks from geopolitical tensions, a Reuters po
Given the current geopolitical tensions and potential weather-related supply disruptions, the short-term outlook for oil prices remains bullish.
Top oil exporter Saudi Arabia may cut prices for crude grades it sells to Asia for a second month in August, tracking weakness in Middle East benchmark Dubai, trade sources said on Friday.
Oil prices surged 2% this week, driven by potential Fed rate cuts and market optimism. Is there more upside ahead for energy markets?

Oil prices edge higher as supply risks mount

09:10pm, Thursday, 27'th Jun 2024
Oil prices rose in early Asian trading hours on Friday, setting up a third straight weekly jump, as concerns about supply problems from escalating geopolitical tensions and weather-related disruptions
Crude oil faces resistance amidst a consolidation phase, with an expanding triangle pattern and potential for an upside breakout once the consolidation is complete.
WTI crude oil prices rose on Thursday, driven by escalating tensions between Israel and Hezbollah, which overshadowed soft U.S. gasoline demand.
The U.S. Senate budget committee on Thursday launched a probe of 18 domestic oil producers about any efforts to illegally coordinate oil prices with the Organization of the Petroleum Exporting Countri
The crude oil market continues to see a lot of buying pressure under the current level, and at this point in time, I think we have to look for valuable opportunities, as there are a few levels that we
A surprise build in U.S. crude oil and gasoline inventories disappointed bulls who were hoping for signs of an uptick in demand. But tensions between Israel and Iran-backed militia Hezbollah are provi
TotalEnergies has agreed to sell its entire interest in its West of Shetland gas fields to The Prax Group, a private UK company. It comprises the Laggan, Tormore, Glenlivet, Edradour, and Glendronach
Oil futures edged higher Thursday, shaking off concerns about summer gasoline demand in the U.S. as investors kept an eye on tensions in the Middle East that could threaten crude supplies from the reg
President Joe Biden has made efforts to appease American consumers and climate activists alike, leading to what some have referred to as “nuanced” energy policies that have also helped the U.S. be
Weak demand and high inventories weigh on crude oil prices, but Middle East tensions offer support due to potential supply risks.
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