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Category: Oil Prices

News / Oil Prices

Oil prices fall as strengthening dollar impacts commodities

By Jessica Summers and Andres Guerra Luz on 2/28/2021 (Bloomberg) –Oil fell the most since November with a stronger dollar and concerns surrounding inflation weighing on crude’s best start to …

News / Oil Prices

All eyes on OPEC as global oil supply imbalance may force an output revision

By Grant Smith, Javier Blas and Salma El Wardany on 2/28/2021 Russia may open the taps a little further following OPEC+ discussions on March 4th. LONDON (Bloomberg) –From trading houses …

News / Oil Prices

World’s largest oil importer running out of storage capacity

By Aaron Clark and Sharon Cho on 2/26/2021 PetroChina storage tanks (Bloomberg) –China’s oil stockpiles have risen to around 100 days worth of net imports, making it increasingly challenging to …

News / Oil Prices

Crude price gains continue on signs of scarce oil supply worldwide

By Elizabeth Low on 2/25/2021 Equinor crew celebrates first oil from Johan Sverdrup, offshore Norway (Bloomberg) –Oil extended gains from its highest close in more than a year on a …

News / Oil Prices

Oil prices reach one-year high as global crude supplies shrink

By Andres Guerra Luz on 2/24/2021 (Bloomberg) –Oil surged to the highest in more than a year as the market looks ahead toward an accelerating decline in global inventories and …

News / Oil Prices

Iraq walks away from $2B upfront oil deal with China

By Khalid Al-Ansary on 2/22/2021 Iraqi oil minister Ihsan Abdul Jabbar (Bloomberg) –Iraq has decided against signing an oil-supply deal with a Chinese state company that would’ve seen the cash-strapped …

News / Oil Prices

Ongoing oil price rally sees futures gain 30% so far this year

By Elizabeth Low and Alex Longley on 2/23/2021 (Bloomberg) –Oil rose near $62 a barrel with investment banks and traders predicting the market’s rally can go further. Futures in New …

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Recent News

  • Oil prices fall as strengthening dollar impacts commodities
  • All eyes on OPEC as global oil supply imbalance may force an output revision
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  • World’s largest oil importer running out of storage capacity

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