Oil Price Outlook Mired by Rebound in Crude Production

2020-08-29

  Chart created with TradingView Oil Talking Points The price of oil pulls back from a fresh monthly high ($43.78) even though US Crude Inventories contract for six consecutive weeks, and energy prices may continue to consolidate over the coming days as the Organization of the Petroleum Exporting Countries (OPEC)Read More →

Crude Oil Stalls Ahead of OPEC Meeting

2020-08-14

  Source: IG Charts IG Charts Crude Oil Fundamentals Highlights. Crude oil blocked on the upside O PEC meetings U.S.-China compliance review to set early tone   of clients are net long. The client is a net short. Change exquisite short (finance) OI daily 13% -12% 1% weekly -4% 5%Read More →

Oil futures on track to book a second weekly decline

2020-01-17

Oil futures struggled for direction on Friday, seesawing between modest gains and losses, with prices on track to register a loss for a second week in a row. Traders continued to weigh the prospects for energy demand in the wake of the China-U.S. trade deal on Wednesday and Senate approvalRead More →

Tullow Oil cuts guidance for oil production and CEO resigns

2019-12-09

Tullow Oil PLC said Monday that it has cut its production forecast for the near term after 2019 output fell significantly below expectations and Chief Executive Paul McDade has resigned with immediate effect. The energy company TLW, -58.67%  said that despite a solid financial performance, it expects net production inRead More →