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Oil refinery

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.

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September 7, 2023 12:53 AM
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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

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June 26, 2020 03:00 PM

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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

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June 19, 2020 03:07 PM

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 […]

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September 23, 2016 02:07 PM

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 […]

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January 4, 2016 06:51 PM

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 […]

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