Alahdal A. Hussein

Over the last 4 months, US crude oil inventory has been continuously falling, yet no major change to the oil price level has taken place. Since April 12,…

Last Week Data & Oil Market Movers: US crude oil production increased by 26,000 bbl/day to reach 9,528,000 million bbl/day Reopening of Libya oil fields (Reopening of Libya’s…

In Preparation for LNG Market Downturn: 2018 for LNG market will be similar to 2014 for the oil market. The only difference is that, back in 2014, no…

More than a month ago, I said “whoever is expecting oil price to go high like old days is going to get hit real bad.” Obviously Andy Hall,…

– Venezuela has the largest oil reserves in the world ( 300 billion bbl ), yet the country is in a complete mess. – Norway has around 5.1…

As US oil output increases, a threat to oil prices sustainability above $50/bbl grows. Last week, US crude oil output increased by 79,000 bbl/day to reach 9,502,000 bbl/d.…

As Baker Hughes reported a decline in US oil rig count by 5 rigs to 763 this week, oil price jumped by more than 3 percent closing the…

Unless Libya and Nigeria join the other OPEC and non-OPEC countries in cutting their oil output, and OPEC puts strict measures to ensure the compliance of the participating…

Last Week Oil Market Data: Last Week Crude Oil Price Movement: Crude oil prices closed last week at almost the same level where it started on Monday, July…

Last Week Oil Market Data: Last Week Crude Oil Price Movement: Supported by a decline in US crude oil production and rig count and a slowdown in US…

Last Week Oil Market Data: Last Week Crude Oil Price Movement: Oil prices closed the week approximately 3 percent lower as the outcomes of OPEC’s meeting last week were obviously less…

Last Week Oil Market Data: Crude Oil Price Movement: Oil prices moved higher last week on support from OPEC production cut extension, decline in U.S. crude oil production and…