Showing 1 to 12 of 12 results
Global Oil Market Faces Surplus Amidst Weak Demand and Increased Supply
The International Energy Agency (IEA) forecasts a global oil surplus in 2025, driven by lower-than-expected demand growth of 740,000 barrels per day and record production reaching 106.9 million barrels per day in August.
Global Oil Market Faces Surplus Amidst Weak Demand and Increased Supply
The International Energy Agency (IEA) forecasts a global oil surplus in 2025, driven by lower-than-expected demand growth of 740,000 barrels per day and record production reaching 106.9 million barrels per day in August.
Progress
24% Bias Score
Low Gas Prices Offer Relief for July 4th Travelers
The national average gas price is \$3.16, a nearly 10% year-over-year decrease driven by cheap crude oil, benefiting the 61 million people expected to drive for the July 4th holiday.
Low Gas Prices Offer Relief for July 4th Travelers
The national average gas price is \$3.16, a nearly 10% year-over-year decrease driven by cheap crude oil, benefiting the 61 million people expected to drive for the July 4th holiday.
Progress
44% Bias Score
Oil Prices Fall Amid Rising Crude Inventories
On Wednesday, oil prices fell due to a reported 4.3 million barrel increase in U.S. crude oil inventories, despite declines in gasoline and distillate stocks; Brent crude dropped to $65.88, and WTI crude to $62.92.
Oil Prices Fall Amid Rising Crude Inventories
On Wednesday, oil prices fell due to a reported 4.3 million barrel increase in U.S. crude oil inventories, despite declines in gasoline and distillate stocks; Brent crude dropped to $65.88, and WTI crude to $62.92.
Progress
24% Bias Score
Pemex Crude Contamination Disrupts US Refineries
US refineries are rejecting Mexican crude oil due to high water and salt content, forcing them to seek alternative suppliers and causing alarm in the US fuel market; the Mexican government says the issue, originating from Pemex's Dos Bocas refinery, will be resolved in 10 days.
Pemex Crude Contamination Disrupts US Refineries
US refineries are rejecting Mexican crude oil due to high water and salt content, forcing them to seek alternative suppliers and causing alarm in the US fuel market; the Mexican government says the issue, originating from Pemex's Dos Bocas refinery, will be resolved in 10 days.
Progress
44% Bias Score
Unexpected U.S. Crude Inventory Drop Fuels Oil Price Rise
U.S. crude oil inventories fell by 4.2 million barrels in the week ending December 20, exceeding analysts' expectations, driven by strong refinery runs and higher holiday travel demand; Brent crude rose 1.3% to $74.18 per barrel, and West Texas Intermediate crude increased 1.4% to $70.62 per barrel.
Unexpected U.S. Crude Inventory Drop Fuels Oil Price Rise
U.S. crude oil inventories fell by 4.2 million barrels in the week ending December 20, exceeding analysts' expectations, driven by strong refinery runs and higher holiday travel demand; Brent crude rose 1.3% to $74.18 per barrel, and West Texas Intermediate crude increased 1.4% to $70.62 per barrel.
Progress
24% Bias Score
Oil Prices Steady Amid Easing Syrian Tensions and Chinese Stimulus
Global oil prices remained relatively stable on Tuesday despite the recent political upheaval in Syria, supported by easing geopolitical tensions and the prospect of increased Chinese demand driven by potential stimulus measures.
Oil Prices Steady Amid Easing Syrian Tensions and Chinese Stimulus
Global oil prices remained relatively stable on Tuesday despite the recent political upheaval in Syria, supported by easing geopolitical tensions and the prospect of increased Chinese demand driven by potential stimulus measures.
Progress
32% Bias Score
OPEC+ Raises Oil Production, Signaling Market Share Focus
Eight OPEC+ members increased October oil production by 137,000 barrels per day, part of a broader strategy to unwind production cuts and increase market share, citing healthy market fundamentals.
OPEC+ Raises Oil Production, Signaling Market Share Focus
Eight OPEC+ members increased October oil production by 137,000 barrels per day, part of a broader strategy to unwind production cuts and increase market share, citing healthy market fundamentals.
Progress
40% Bias Score
Oversupply Fears Push Crude Oil Prices to Weekly Lows
Crude oil prices fell to their lowest levels in over a week on Friday, reaching $64.06 per barrel for Brent and $60.83 for WTI, driven by concerns over increased supply from Iran and a potential OPEC+ production hike in July, despite recent geopolitical tensions.
Oversupply Fears Push Crude Oil Prices to Weekly Lows
Crude oil prices fell to their lowest levels in over a week on Friday, reaching $64.06 per barrel for Brent and $60.83 for WTI, driven by concerns over increased supply from Iran and a potential OPEC+ production hike in July, despite recent geopolitical tensions.
Progress
40% Bias Score
U.S. Crude Oil Inventories Fall Despite Refinery Increase; Canadian Imports Surge
The U.S. Energy Information Administration reported a 2.3 million-barrel decrease in crude oil inventories for the week ending February 21, defying analyst expectations, while gasoline and distillate inventories rose unexpectedly; increased Canadian crude oil imports and upcoming tariffs add complex...
U.S. Crude Oil Inventories Fall Despite Refinery Increase; Canadian Imports Surge
The U.S. Energy Information Administration reported a 2.3 million-barrel decrease in crude oil inventories for the week ending February 21, defying analyst expectations, while gasoline and distillate inventories rose unexpectedly; increased Canadian crude oil imports and upcoming tariffs add complex...
Progress
36% Bias Score
U.S.-China Trade War Triggers Crude Oil Price Drop
On Tuesday, July 11, 2023, escalating U.S.-China trade tensions caused crude oil prices to fall: WTI crude dropped 2.77% to $71.13 a barrel, while Brent crude fell 1.86% to $74.55. China imposed retaliatory tariffs, including a 10% levy on U.S. crude oil, while the U.S. delayed tariffs on Mexico and...
U.S.-China Trade War Triggers Crude Oil Price Drop
On Tuesday, July 11, 2023, escalating U.S.-China trade tensions caused crude oil prices to fall: WTI crude dropped 2.77% to $71.13 a barrel, while Brent crude fell 1.86% to $74.55. China imposed retaliatory tariffs, including a 10% levy on U.S. crude oil, while the U.S. delayed tariffs on Mexico and...
Progress
48% Bias Score
Bearish Crude Oil Market Outlook for 2025
As the trading year ends, crude oil markets show a bearish trend due to oversupply, reduced Chinese demand (300,000 bpd less in Q4 2024 than Q4 2023), and a stronger dollar following the Fed's rate cut announcement.
Bearish Crude Oil Market Outlook for 2025
As the trading year ends, crude oil markets show a bearish trend due to oversupply, reduced Chinese demand (300,000 bpd less in Q4 2024 than Q4 2023), and a stronger dollar following the Fed's rate cut announcement.
Progress
40% Bias Score
OPEC+ Extends Cuts Amid Weak Demand, Oil Prices Fall
Oil prices fell 1 percent on Friday, with Brent crude at $71.32 and WTI at $67.43 per barrel, as OPEC+ extended production cuts to the end of 2026 due to weak global demand, particularly from China, despite forecasts of a supply surplus next year.
OPEC+ Extends Cuts Amid Weak Demand, Oil Prices Fall
Oil prices fell 1 percent on Friday, with Brent crude at $71.32 and WTI at $67.43 per barrel, as OPEC+ extended production cuts to the end of 2026 due to weak global demand, particularly from China, despite forecasts of a supply surplus next year.
Progress
48% Bias Score
Showing 1 to 12 of 12 results