Brent crude and WTI started the week on February 5, approximately around $68.23 per barrel and $65.14 per barrel respectively. However, today -Thursday, February 8- both global benchmarks…
Investors & Traders
Supported by the recent rally in oil and gas prices, most of the major international oil companies and oil and gas services companies reported strong financial performance and…
Oil Market Update: As expected in the Weekly Oil Price Commentary published on Monday, January 29, oil prices were under pressure early this week due to worse-than expected…
Adding to the current support oil prices received from the recent calls by Saudi Arabia’s oil minister Khalid Al-Falih for an extension of global oil output quotas beyond…
Oil Price Commentary: Thanks to the new year holiday, and due to the current unrest in Iran -one of the largest oil producers in OPEC, oil is set…
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…
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…
- Oil Price Commentary
Oil Price Commentary: Oil Price Under Pressure from Rising US Crude Oil Production and Rig Count
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 were under pressure last week as expected in our last Week’s Oil Price Commentary. Brent crude…