Bets On $200 Oil Surge As Traders Eye Extreme Volatility
A week ago, the U.S. Energy Information Administration cut its crude oil demand outlook for 2023 by 320,000 bpd, with supply also falling, by 300,000....
Is This The Next Major Threat For Oil Demand?
Manufacturing growth in the United States slowed in September to its lowest rate since the pandemic recovery started, in another sign that the U.S. economy...
An Oil Supply Shock May Be Imminent
When the chief executive of Aramco said earlier this week that years of underinvestment had damaged the balance between supply and demand in the oil...
Outlook For China Oil Demand Darkens
The outlook for crude oil demand in the world’s second-largest consumer is dimmed amid the continued increase in Covid-19 cases and the extended lockdown in...
OPEC Sees No ‘Immediate Solution’ To High Oil Prices
A lack of investment in oil supply in recent years is limiting the ability of oil-producing countries to boost production significantly, leaving the oil market...
World’s Top Oil Trader Sees Higher Prices
Even after hitting $93 per barrel last week, oil prices have further room to rise in the coming months, with the $100 oil forecast of...