Saudi Arabia

Crude oil prices were knocked lower midweek in response to the latest EIA report which showed that US crude inventories rose more than expected. In the week ending April 26th, US crude stores rose by 9.9 million barrels. Stores hit their…

WTI prices spiked a few hours ago following a report that US President Donald Trump wants waivers to countries that import Iranian oil to end. US oil rose to $66.60 a barrel after a Washington Post article hit the wires on Monday. It…

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…

Crude oil prices soared higher this week as a combination of factors boosted prices. Having fallen by around 40% since the high levels seen in 2018, crude oil has come under increasing attention with many market players voicing their…

US crude oil inventories have started the year on a positive footing as the first industry data of the year has highlighted little change in stockpiles. The latest weekly report by the Energy Information Administration, covering the week…

Crude oil extended its current sell-off to a sixth consecutive losing week this week. The increased selling came on the back of yet another reported build in US crude oil inventories. The latest data from the Energy Information…

Crude oil extended its bearish run this week, printing a fourth losing week as the latest data from the Energy Information Administration showed US crude oil inventories rising for their sixth consecutive week. The report from the EIA…

Crude oil prices plummeted further this week, marking their third consecutive weekly loss, with price now down around $10 from the 2018 high watermark. The catalyst for this most recent decline was the latest report by the Energy…

OPEC's top oil-producing nation Saudi Arabia and Russia negotiated a deal in private in September to raise the oil output. The move comes amid calls from the U.S. President Trump urging Saudi Arabia to do more amid higher prices. Further…

All eyes were on Vienna last week as the OPEC nations and Russia met over two days for the semi-annual OPEC meeting. The main focus of the meeting was whether the OPEC nations and Russia could agree to reaching a deal to plug the void left…