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Seeking AlphaNext Oil Rally? Futures Say Market Is TighteningSeeking AlphaU.S. oil inventories are at record levels, but there are a few glimmers of hope that the glut could be starting to subside. Just as the rapid rise of floating storage in 2015 and 201
Admin 01.03.2017 0 136

Christian Science MonitorNorway's model of prudence in oil wealthChristian Science MonitorFebruary 28, 2017 —In about 20 countries, revenue from oil drilling accounts for more than 10 percent of the economy. This natural wealth has long been a tempting
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RudawExclusive: Iraq's Kurdistan negotiates new terms, raises oil pre-payments to $3 billionReutersLONDON Iraq's Kurdistan has increased the loans guaranteed by future oil sales to $3 billion in new deals with trading houses and Russian state oil f
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Exclusive: Iraq's Kurdistan negotiates $3 billion oil pre-payment dealsReutersTrading houses have been pre-financing Kurdish oil exports for the past two years after the government in Erbil decided to start independent oil exports via Turkey's Medi
Admin 28.02.2017 0 125

Why Smart Money So Long In Oil?Yahoo FinanceIn an overview of the supply/demand dynamics of the crude oil market, Nick Cunningham highlighted not only the glut in WTI, but also the product glut. “Oil and refined products inventories in the U.S. continue to
Admin 19.02.2017 0 96

Why Aren't Oil Prices $50 Ahead?Seeking AlphaInflation, at least as measured by imperfect statistics, has been all but captured by oil prices. That leads to the second mainstream proposition, where oil prices like interest rates have nowhere to go but
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Record High Oil Inventories Crush Hopes For $70 OilOilPrice.comAnother week brings yet more signs that the highly-anticipated oil market “balance” will not occur in the immediate future. Heading into 2017, there was a broad consensus that global oil produc
Admin 18.02.2017 0 77

ReutersOil steady, but down for the week as glut worries face OPEC cutsReutersNEW YORK Oil prices ended steady on Friday but lower on the week, with U.S. crude notching its first weekly decline in five weeks, as the market weighed rising U.S. drilling and
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ReutersOil prices slip as high stocks overshadow OPEC cutsReutersLONDON Oil slipped on Friday, pressured by growing global stocks, while expectations that an oil output cut by producers might eventually balance the market helped to underpin prices. Brent c
Admin 17.02.2017 0 84

ReutersOil firms as OPEC floats extended output cut; markets still bloatedReuters"Despite the headlines, the massive inventory glut in both oil and gasoline continues to thwart any upward momentum," said Stephen Innes, senior trader at OANDA in S
Admin 17.02.2017 0 78