Crude rallies as tension between Saudi, Iran offsets China weakness
Three hundred and seventy-three years after the birth of Sir Isaac Newton, and the crude complex is gravitating higher to start 2016. Newton said that ‘to every action there is always opposed an equal...
View ArticleGulf coast waterborne crude imports rising amid lifting of export ban
On SuperChef Nigella Lawson’s 56th birthday, the crude complex has all the ingredients for a rampant sell-off. Despite the ongoing tension in the Middle East, oil prices are selling off to 11-year lows...
View ArticleOfficial: Possible Saudi IPO wouldn’t include oil reserves
The chairman of Saudi oil giant Saudi Aramco was quoted as saying a possible initial public offering would not include the kingdom's oil reserves.
View ArticleIran, Saudi exports ramp up amid talk of OPEC production cuts
Eighty-nine years after Jean Goldkette and his Orchestra recorded ‘I’m Looking Over a Four-Leaf Clover’, and the crude complex is once again crossing its fingers and hoping for some good fortune to...
View ArticleIran supports Saudi-Russia plan, but doesn’t commit to production freeze
Iran backs any measures to stabilize global oil markets including the plan outlined by the world’s two largest crude producers Tuesday to cap output at January levels, Iranian Oil Minister Bijan Namdar...
View ArticleMarket Currents: Nine factors to consider in oil and gas today
Let's go on a wander through energyland™, to assess nine factors influencing energy today.
View ArticleWill OPEC deliver on output cuts? What to watch
The promise of production cuts from OPEC and its partners sent oil rallying in 2016. Now traders want proof they’re delivering on those vows. It won’t come easy. The challenge: Building a coherent...
View ArticleOil falls as Saudis ease production cuts
Oil reversed earlier gains after Saudi Arabia told OPEC it raised output back above 10 million barrels a day in February, reversing about a third of the cuts it made the previous month. Futures fell...
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