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Opec+ preview: crude oil prices linger ahead of production guidance
Brent crude oil prices look for directional bias from the upcoming OPEC+ meeting with the cartel grappl...
June 4, 2023, 4:59 am
Elliott wave analysis of usdcad – june 5th, 2023
USDCAD lost nearly 200 pips last week, observing its inverse correlation with the price of crude oil, w...
June 3, 2023, 9:51 am
Forexlive americas fx news wrap: non-farm payrolls beat estimates but unemployment rises
US May non-farm payrolls +339K vs +190K expectedFitch says will resolve US negative ratings watch in Q3Timiraos: Non-farm payrolls won't resolve Fed r...
June 2, 2023, 8:29 pm
Baker hughes oil rig counts fall -15 to 555 in the current week
Oil rigs -15 to 555Gas rigs unchanged at 137Total rigs -15 to 696The levels of rigs have continued to trend lower. Looking back toward the beginning o...
June 2, 2023, 5:22 pm
Iraq oil minister: we will not hesitate to take any decision to create more balance
The OPEC meeting is this weekend and most as expect no change but it's certainly not set in stone, as OPEC surprised at the start of April and prices ...
June 2, 2023, 4:15 pm
Usd/cad drops as cad flexes strength, despite stellar us nfp report
US adds 339K jobs, beating estimates, but USD/CAD stays tepid. CAD gains momentum on a 1.70% surge in WTI crud...
June 2, 2023, 3:59 pm
Energy traders afraid to be short heading into opec weekend meeting
JMMC and OPEC+ ministerial meeting on Sunday June 4th Gold’s weekly gain hurt as traders price in one more hike Bitcoin holds onto $27,000 for now O...
June 2, 2023, 3:34 pm
Oil futures gain more than 2% for the session, pare their loss for the week
Oil futures settled higher on Friday, but U.S. and global crude benchmarks still posted losses for the ...
June 2, 2023, 2:55 pm
Venezuela's oil exports drop as heavy crude processing sags, stocks drain
Venezuela's oil exports fell 14% in May from the previous month as crude upgraders at its main oil regi...
June 2, 2023, 12:19 pm
Crude oil weekly price forecast – crude oil markets find support
Crude oil markets have fallen during the course of the week, but found enough support underneath to turn things around and form a bit of a hammer....
June 2, 2023, 11:42 am
Why hold strategy is apt for callon petroleum (cpe) stock now
Being a leading exploration and production company, Callon Petroleum (CPE) is well-positioned to capitalize on handsome...
June 2, 2023, 9:54 am
Oil market in the month of june
Thanks to the incredible advancements in horizontal drilling and fracking technology, the United States has experienced a mind-blowing shale revolutio...
June 2, 2023, 3:49 am
Crude oil price jumps on optimism ahead of opec+ meeting. where to for wti?
Crude oil prices made solid gains going into Friday after some sound economic numbers and a softening US Dollar with the focal point turning toward th...
June 2, 2023, 1:00 am
Opec+ to grapple with divided oil market
OPEC+ will be grappling with a divided oil market when it meets this weekend as crude inventories shrin...
June 1, 2023, 10:22 pm
Wti crude all future settle at $70.10
The price of WTI crude futures are settling at $70.10. That's up to dollars $0.01 or 2.95%. The high pr...
June 1, 2023, 7:22 pm
Eia weekly oil inventories +4488k vs -1386k expected
Prior was -12450KGasoline -207K vs -497K expectedDistillates +985K vs +862K expectedRefinery utilization +1.4% vs +0.7% expectedImplied gasoline deman...
June 1, 2023, 3:00 pm
Usdcad moves back below 100 day ma at 1.35164
Ahead of the oil inventory data at the top of the hour, the USDCAD is breaking lower as dollar selling intensifies. The...
June 1, 2023, 2:59 pm
Opec+ unlikely to cut further. eia weekly oil inventories up next
EIA weekly US oil inventories are due out at the top of the hour. They follow natural gas inventories (which were bearish) because of the US holiday o...
June 1, 2023, 2:48 pm
Bno: the etf to consider with the opec meeting on the horizon
Crude oil prices are expected to remain above $60 to $70 per barrel in 2023, supported by the ongoing war in Ukraine, U.S. energy policy, and the impa...
June 1, 2023, 1:00 pm
Bp share price could be about to form a death cross pattern
BP (LON: BP) share price has come under intense pressure in the past few weeks as crude oil and natural...
June 1, 2023, 11:45 am