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Oil Markets Recover From Panic Attack but Prices Will Go Lower

Crude markets had a panic attack in August and September that sent prices soaring. Sanity is now returning. Prices have fallen but are likely to move even lower over the next few months. The panic attack was caused largely by Trump's August 7 announcement that sanctions would be re-imposed on Iran ...

Art Berman - The Petroleum Truth Report


Posted 9 months agoOpinion > Oiloil priceCrude +5

Total Liquid Fuels Inventories Return to Five-Year Averages in the United States and OECD

Source: U.S. Energy Information Administration, Short-Term Energy Outlook , May 2018 Global petroleum inventories declined through 2017 and the first quarter of 2018 , marking the end of an extended period of oversupply in global petroleum markets that began before the Organization of the ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > EIAEnergy Information Administration EIAUnited States +5

Growth in Global Energy-Related Carbon Dioxide Emissions Expected to Slow

Source: U.S. Energy Information Administration, International Energy Outlook 2017 Reference case EIA projects that growth in global carbon dioxide (CO2) emissions from energy-related sources will slow despite increasing energy consumption. EIA's International Energy Outlook 2017 (IEO2017 ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > United StatesEIAEnergy Information Administration EIA +3

Higher Oil Prices Are Likely in Early 2018

Oil prices will be lower for longer—that is the conventional wisdom. Data suggests, however, that  oil supplies are tightening and that higher prices are likely in the relatively near-future. Refined Product Demand and Crude Oil Exports U.S. crude oil plus products comparative inventories have ...

Art Berman - The Petroleum Truth Report


Posted 1 year agoOpinion > oil priceUnited StatesCrude +5