What's Affecting Oil Prices This Week? (Jan. 29, 2024)
For the upcoming week, Stratas Advisors forecast that increase in oil prices will be moderated likely due to the U.S. being cautious in response to the recent attack on U.S. troops.
What's Affecting Oil Prices This Week? (Jan. 22, 2024)
Geopolitical risks continue to increase, but Stratas Advisors' John Paisie expects the oil market will stay steady unless conflicts create a material impact on oil flows.
Vitol: Oil Demand Peaks in 2030s, Saudis to Quit Supply Cut This Year
Vitol executive Ben Marshall told oil and gas producers at IPAA’s Private Capital Conference that Saudi Arabia is losing patience. Also, the energy transition will take longer than expected.
Kissler: Red Sea Conflict Could Trigger Oil Shortage
Escalating tensions in the Red Sea heighten the potential for shipment disruptions and major impact on energy markets.
Hirs: Energy’s Best Strategy for the Presidential Election? Support Both Sides
The upcoming presidential election sees energy concerns on the “second page” of the ballot, making choosing a side a necessity.
Subal: Pockets of Growth Balance Fears of Slowdown
U.S. midstream and energy infrastructure has a mixed outlook for 2024, with a possible loss in demand and stronger focus on renewables offset by solid oil prices and a healthy midstream industry with pockets of growth.
Germany Cut Gas Imports by a Third in 2023
Germany cuts its gas imports by 32.6% in 2023 after recovering from Russia's export cut off.
Paisie: Prices to Depend on Whether OPEC+ Keeps Cuts in Place
To convince the market of OPEC+’s ability to sway oil prices, the international organization will have to take back control and maintain production cuts at least until the second quarter of 2024.
Oil Falls Over 2% After OPEC + Cuts Fall Short Of Expectations
Saudi Arabia, Russia, Kuwait, Kazakhstan and Algeria were among producers who said cuts would be unwound gradually after the first quarter, market conditions permitting.
What's Affecting Oil Prices This Week? (Nov. 27, 2023)
A delayed OPEC meeting, Russian oil export sanctions, falling confidence in Chinese multinational companies and the Israeli-Hamas conflict are all playing a hand at affecting oil prices this week.