Industry minds focused on survival as over-supply continues
We’re now seeing six weeks of consecutive oil supply build with no end in sight.
View Article“Lower for longer” is oil market’s new mantra
Amid a big focus week in the Middle East it seems “lower for longer” is the new mantra
View ArticleWatching for signs of hope in the oil market
Given that “hope” is not a strategy, any shift in the direction of sentiment would be welcomed.
View ArticleNobody anticipated OPEC’s non-decision
Brent crude was down 2.6% just below US$42, while West Texas intermediary crude was down 3.6% at about US$38.60.
View ArticleOil Report: More producers than buyers
In early trading on Friday, Brent crude was priced below US$40 with WTI around US$36 a barrel.
View ArticleOil report: Festive cheer passes sector by
The negative news continues in the oil market with prices now struggling in the mid to high thirties.
View ArticleIran is the wild card for oil market in 2016
Eithne Treanor says Iran will be the wild card, post-sanction, as it returns to the global oil market.
View ArticleOil column - Oversupply is new market norm
The “known-knowns” are scary enough; it’s the “unknown unknowns” that could derail the market in either direction, says Treanor
View ArticleOil market’s wait and see approach is becoming unacceptable
The wait and see approach has become uncomfortable for many producers and downright unacceptable to others.
View ArticleOil traders are chasing volatility and grasping at sentiment
If we ever needed proof that sentiment was driving the oil market, we got it this week.
View ArticleOPEC hopes producers will think twice on expensive projects
Earnings season has shown bitter consequences of low oil prices, as international oil companies all shared the pain this week.
View Article$30 crude is crippling the market
Brave leadership will be required to shift this market but for now, no-one wants to make the first move.
View ArticleThe big freeze is a step in the right direction
In early trading on Friday, Brent crude was above $33 with WTI above $30 a barrel.
View ArticleOil’s mid-thirties stability is welcome, for now
Everyone is cautiously watching and reacting to any bit of positive economic news, but the fundamentals remain overweight on the supply side.
View ArticleOil breakout is unlikely in coming months
Until we see a sizeable spike in demand, or a matched production cut; neither of which appear to be happening in the near future, it’s unlikely that the oil price will break out of the current range.
View ArticleOil prices hit new 2016 high on hopes of supply cut
With talk of a producers meeting in Qatar next month, sentiment has been gaining strength in advance of a possible supply cut.
View ArticleSurvival is the name of the game for hard pressed oil players
Eithne Treanor gives us her insider's view on the outlook for the oil industry, which is approaching an interesting and, some would say, crucial cross-road.
View ArticleOPEC Report: Sense of calm returns to the oil markets - but will it last?
No-one is claiming the worst is over, but with prices hovering around US$40 a barrel for both benchmarks and fundamentals unchanged, a sense of anxiety is all too obvious.
View ArticleOil - A sense of optimism is leading trading sentiment
Global oil demand continues to increase and while we’re still in a situation of over supply, the fundamentals appear to be balancing in favour of a stronger oil price in the future.
View ArticleOPEC Report: Optimism fades ahead of Doha meeting
Analysts are divided on what might happen as the sense of optimism for higher prices seems to be fading, but all is not lost in the longer term, as the International Energy Agency says the fundamentals...
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