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Crude Oil - OPEC cuts 2020 oil demand forecast, urges effort to avert new glut
LONDON, Sept 11 (Reuters) - OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the producer group said highlighted the need for ongoing ...
APPEC: Narrow light-heavy crude spread puts pressure on Asian refiners to diversify feedstock
Ample global supply of light sweet crude oil doesn’t necessarily bode well for many Asian refiners, as companies with complex secondary units that rely more on heavy crude grades need to cope with ...
Column: 'We need to talk about Donald' - The elephant in crude oil's uncertain world
SINGAPORE (Reuters) - “Uncertainty” was the buzzword at the crude oil industry’s annual gathering in Asia, but virtually everybody was reluctant to talk about the root cause behind the ...
Oil gains after draw in US inventories
U.S. crude inventories fall by 7.2 million barrels. Iraq oil min says OPEC to discuss further output cuts. Official EIA figures due later on Wednesday. Oil prices rose on Wednesday after a reported ...
WTI Crude Oil Forecast: Ready to Go Higher
The West Texas Intermediate Crude market rallied significantly initially during the trading session on Tuesday, but has found the lot of resistance above the 200 day EMA. That is a long term technical ...