Oil group in battle to meet debt payments amid low price of crude and instability in Iraqi Kurdistan Read full story ›
Source:: FT.com Oil and Gas […]
TOKYO, March 18 (Reuters) – U.S. oil futures flirted with new highs for 2016 on Friday, adding to strong gains the previous session as optimism grew that major producers would strike a deal to freeze output, while a more benign interest rate environment also supported prices.
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I have spent a lot of time recently with oil producers who, with some notable exceptions, are very gloomy indeed.
Anyone who reads my blogs or books knows that I have never forecast oil prices and I don’t intend to start now. The oil price is fundamentally […]
LONDON, March 10 (Reuters) – Global distillate markets remain heavily oversupplied but the glut will not clear unless the world economy avoids recession and there is a renewed acceleration in freight demand.
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Source:: Reuters UK Natural Resources […]