Saudi Arabia
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Crude Oil Price Forecast: WTI Volatility Drops
Crude Oil price forecasts lean towards bullish sentiment as volatility drops towards decade lows. Is this the calm before the storm?
Crude oil looking fatigued after its breakneck run higher
But with fundamentals underpinning the rally, near-term weakness will provide an opportunity to add or establish fresh longs.
Saudi Arabia throw Western allies a bone with potential output increase
Crude oil has fallen over 2.7% today on reports that Saudi Arabia may be prepared to raise oil production should Russian output substantially fall.
OIL MARKET WEEK AHEAD: Saudi Imports Drop to a Record Low
During the first two weeks of June only one Saudi cargo ship reached the US
OIL MARKET WEEK AHEAD: At Long Last, A Recovery in Demand?
The end of the lockdown is fundamentally spelling a recovery in demand that is likely to go on over the weeks ahead
Saudi oil output offer report lifts Brent for fourth day
Ahead of next week’s talks in Algeria, Reuters reported this morning that Saudi Arabia is apparently willing to reduce its oil output for as long […]
Crude trims losses after freeze deal collapse
Sunday’s meeting of crude producers in Doha ended without any agreement to curb oil production. The reaction of oil prices has been logical: a six […]
Crude rally inspires technical breakdown for GBP/CAD
This week’s mixed-bag UK economic data has caused the pound to fall against most major currencies, including the Canadian dollar which has managed to perform […]
Crude: Iran-Saudi tensions pose little risk to oil production
Crude has had a volatile session in this first trading day of 2016. Both oil contracts started on the front foot before turning lower in […]
Crude extends decline on record OPEC oil output
Crude oil prices continue to head south. As before, they are being driven lower predominantly because of the disequilibrium created from the supply side of […]