OPEC Raises Oil Supply Forecast

The oil market remains under pressure this week following the latest report, where OPEC raises oil supply forecast stating it expects supply to surge over 2018. While the group acknowledges that oil demand is set to rise over the year, it expected rising US output to cause a disproportionate rise in oil supply. The latest OPEC report showed t...

2018-03-23 James Harte Read more
Driving Crude Oil Price

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 action?   Crude Oil Inventories Falling One of the key factors driving crude oil price has been ...

2018-01-25 James Harte Read more