Oil prices have now settled down, but is this just the calm before the storm or will prices remain stable without further spikes?
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By Grant Smith Jul 16, 2023 (Bloomberg) –Betting on a tighter oil market has been a bad trade for most of this year. But there are signs it’s finally paying off. After languishing…
https://gcaptain.com/oil-surge-to-80-shows-long-awaited-market-tightening-is-here/
The Biden administration’s inconsistent approach to the Strategic Petroleum Reserve (SPR) has raised concerns and intensified skepticism among oil producers and tanker owners. Initially, the White House proposed refilling the…
https://gcaptain.com/biden-leaves-market-unclear-about-strategic-oil-reserve/
Oil falls $2/barrel on economic jitters, U.S. crude stock build, states a Reuters news article.
Crude oil prices slipCrude oil prices slipped on Tuesday on concerns about a global economic slowdown and as preliminary data indicated a bigger than expected build in...
https://mfame.guru/economic-jitters-drop-oil-2-barrel-u-s-crude-stocks-rise/
A recent news article published in the Shipping Tribune states that oil prices climb on easing China COVID-19 curbs, concerns over U.S. storm impact.
Oil prices rose to three-week highsOil prices rose to three-week highs on Tuesday as China’s latest easing of COVID-19 restrictions raised fuel demand hopes and concerns that winter storms across the United States are affecting energy production continued to buoy prices.
Brent crude was up 88 cents, or 1.1%, at $84.80 a...
https://mfame.guru/oil-prices-rise-on-chinas-covid-19-easing-and-u-s-storm-concerns/
By Julia Fanzeres (Bloomberg) Oil dropped the most in a week since April as the full weight of languishing Chinese demand and more economic tightening radically shifted the market’s sentiment….
https://gcaptain.com/oil-prices-continue-to-slide-after-us-midterm-elections/
Data from Vortexa, a platform in the energy industry, shows that Iran, Russia, and Venezuela are all vying to sell oil to Asia. According to the analysis, Russia’s growing exports…
https://gcaptain.com/dark-tanker-market-is-getting-competitive/
By Liz Hampton June 22 (Reuters) – Spending in the global oil exploration and production industry is “poised to accelerate broadly” and drive an increase in output, Olivier Le Peuch, chief executive of…
https://gcaptain.com/schlumberger-sees-global-offshore-oil-exploration-and-production-accelerating/