EIA

With OPEC currently battling to turn the tide of lower oil prices through a cut in production, the latest industry data from the US will not make happy reading. The most recent weekly report from the Energy Information Administration,… Read More

Crude oil prices were able to recover initial losses this week as the latest data from the Energy Information Administration showed a larger than forecast draw in stockpiles. The EIA data for the week ending January 11th, showed US crude… Read More

Crude Stocks Fall For Third Consecutive Week Crude oil was sharply lower once again this week despite the latest industry data which showed a build in US crude inventories. The latest report from the Energy Information Administration,… Read More

Crude oil prices this week cratered to a fresh 2018 low on yet another build in US crude stockpiles. The latest data from the Energy Information Administration, which collects the data weekly, showed that in the week ending November 23rd,… Read More

Crude oil extended its decline into a fifth consecutive week this week as the US crude oil inventories were seen rising once again. New Weekly High In Production The latest data from the Energy Information Administration showed that crude… Read More

Oil prices have now broken out to levels not seen since summer 2014 and market participants are now questioning whether the move has further to go or if a correction lower is in store. So what are the forces that are driving crude oil price… Read More

After last week’s failure to break higher in Brent and WTI, which showed a clear bearish signal on the weekly chart, both crudes declined sharply at the beginning of this week. Brent declined all the way to $50 while WTI Crude managed to… Read More

For the past four weeks including this week’s trading so far, Crude Oil has been trading within a range of $5, whether in Brent or WTI with no clear direction. Brent Crude was in the range between $45 and $50, while West Texas Crude… Read More

After few weeks of gains due to the shortage in the US Crude Oil inventories, in addition to some OPEC meeting remarks, Crude Oil failed to stabilize and is nearing this year’s lows once again. Since the beginning of the year, the price… Read More

Abdalla Salem El-Badri, Secretary General of OPEC. Since the beginning of the year, Crude Oil prices has been trading within a sideways trend. WTI is trading between $51 and $54, while Brent is stuck between $54 and $57, New with no clear… Read More