IEA cuts 2020 global oil demand forecast on virus surgeThe rebound next year will be slightly better, however, with an increase of 5.8 mbpd, up from last month's 5.5 mbpd.
US-China trade deal holds key to higher oil pricesMarch production figures mean Saudi would be voluntarily cutting output by more than 500,000 bpd below its pledged production level.
WTI oil prices jump sharply on tiny output boost by Opec+Saudi Arabia and Russia had already upped production ahead of Opec meeting.
Oil rally looks overstretched; prices may fall a bitWhile the near term trend still remains positive, oil prices could see some correction.
Oil has run up too far, too fast; correction ahead?Opec output also continues to be lower in YoY comparisons and compliance is improving.
Crude oil’s days above $50 short-lived; likely to again fall towards $44-42Opec’s output rose to 2017 high of 33 mbpd in July -- its third consecutive jump this year.
Outlook improves for crude oil market; prices likely to touch $55 soonThe market has moved from extreme pessimism at the month's start to cautious optimism at end.
Crude oil prices likely to see some uptick in near termThe upside for crude will remain capped given that physical markets remain oversupplied.
Non-Opec output continues to restrict crude oil gainsIil production in the US may plateau in the near term and help prices see a modest recovery.
Crude oil prices to remain capped at $55; some short-covering seen aheadFrustration about the slow pace of market re-balancing will continue to weigh on oil prices.
OPEC sees pressures on oil prices easingMarket pressures that slashed the price of oil to below $50 per barrel appear to be easing, the OPEC oil cartel said Monday.
Oil prices fell in March; supplies, inventories ease, says IEAThe global supply of oil fell, inventories eased even as crude oil prices dropped under the weight of renewed pessimism for global economic...
- Energy agency warns of a price bubble
After staying range-bound for over a year, global crude oil prices appear to have broken a key resistance level and headed northwards.
- Energy agency warns of a crude price bubble
After staying range-bound for over a year, global crude oil prices appear to have broken a key resistance level and headed northwards.
- Oil cartel may fail to maintain balance in '10
Organization of Petroleum Exporting Countries (OPEC) members may have to cut production in 2010 as well, similar to what they did in 2009.
- IEA lowers demand outlook for 5 years
The International Energy Agency, an advisor to the oil consuming nations, has lowered its forecast for world oil demand for the period 2010...
- 'Crude oil prices may fall to 53 dollar by '08'
Global crude oil prices will remain volatile in the near term but may fall to $53 a barrel by 2008 as new production facilities become oper...