Blog

• Oil Breaks Out But Stronger Dollar Caps The Rally

  The global oil market, a critical element of the world's economic engine, is currently at a pivotal junction.
• The Real Reason Russia Is Ramping Up Oil Production In Iraq

  Russia is moving to gain a tighter grip on Iraqi oil production as its influence in Kurdistan is waning
• UAE Is The Biggest Winner Of Saudi Arabia Production Cuts

  Weakening demand by major oil consumers might also persuade Saudi Arabia to cut even further.
• $85 Is Just The Beginning Of The Oil Rally

  Saudis could decide to relax the cuts by 250,000 to 500,000 barrels daily from next month.
• Russian ESPO Oil Price Surges On Strong Chinese Demand

  The EPSO crude going to China in September is trading at discounts of just $2-$2.50 per barrel to ICE Brent on delivered-ex-ship (DES) basis, according to the sources
• Oil Prices Tick Higher On Optimistic Economic Forecasts

  Oil prices saw another rise on Tuesday morning on optimistic forecasts published by the International Monetary Fund (IMF).