In the realm of oil price forecasting, two prominent entities— the US Energy Information Administration (EIA) and Citi—present contrasting viewpoints, shedding light on the intricacies of the oil market.
January 14, 2024
Traders Most Bearish on Oil Since March 2023:
January 13, 2024
In 2024, the global oil and gas market faces impending challenges as the supply of medium sour crude tightens.
January 06, 2024
As 2024 unfolds, Wall Street's cautious stance on oil prices mirrors concerns about limited upside potential.
January 06, 2024
In the US, the locational premium of WTI Houston over WTI Midland is anticipated to widen, reflecting the sustained export demand and the rising Permian crude production.
December 31, 2023
Refineries in the continent are grappling with a decline in demand for fuels, leading to a reluctance among many operators to invest in plant upgrades.
December 31, 2023
Russian Deputy Prime Minister Alexander Novak's forecast of Brent oil prices between $80-85/b in 2024 echoes Russia's strategy to bolster revenues amidst geopolitical challenges.
December 30, 2023
US Sour Crude Market Dynamics in a Global Context
December 30, 2023
In 2023, the global oil industry faced significant challenges, with the year poised to conclude in negative territory.
December 24, 2023
December 24, 2023
