- The Oil Price Rally Is Gaining Serious Momentum
August 01, 2023
The oil markets were slow to react to obviously bullish catalysts such as supply cuts, falling inventories and growing demand when they first kicked in about three months ago. Indeed, it appeared that the bears were about to overrun the ...
- Oil inventory drops set stage for higher prices
July 31, 2023
Oil inventories are beginning to fall in some regions as demand outpaces supply constrained by deep production cuts from OPEC leader Saudi Arabia, providing support for prices which are expected to rise in coming months.
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- Oil Trading Sentiment Turns Sour As Rates Hikes And Disappointing Stock Draws Kick In
July 26, 2023
Despite the optimism from some analysts that this week's oil rally spurred by tight global supplies may have legs, the latest rate hike from the U.S. Federal Reserve combined with a mild U.S. crude inventory draw was all it took to send ...
- Saudi Arabia Likely To Extend Oil Production Cuts
July 26, 2023
Saudi Arabia is expected to prolong its voluntary 1 million-barrel oil supply cut into September as it seeks to support the rebound in oil prices. The top OPEC producer introduced the additional cutback this month in a bid to support hig...
- Asia Naphtha/Gasoline-Naphtha refining margin flips back into discounts
July 25, 2023
Asia’s naphtha refining profit margin flipped back into discounts on Monday in the absence of trades at the window but the price of first-half September naphtha rose by $2 to $604.75 a metric ton.
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