Crude rallies despite OPEC+ supply return – TDS
Crude prices are rallying even as OPEC+ continues to bring crude Oil back to markets, TDS’ Senior Commodity…
Canadian Wildfires Force Oilsands Evacuations, Stop Oil
(Bloomberg) — Raging Western Canadian wildfires that have forced thousands of people from their homes are now also…
Stocks Bounce From Lows on US-China Trade Hopes: Markets
(Bloomberg) — A renewed bout of volatility gripped stocks in the last stretch of the month, with the…
US oil rig count down by 4 for week ending May 30
– Number of US oil rigs fall by 35 compared to one year ago
…
Oil price caught between OPEC and geopolitics – Commerzbank
The Oil market is likely to be eagerly awaiting tomorrow’s decision by the eight OPEC+ countries that have…
Crude Oil faces CTA headwinds as OPEC+ tests market resilience – TDS
Crude markets only have a very narrow path towards higher prices. In the imminent term, CTA selling activity will…
Australia Lets Biggest LNG Plant Run to 2070 in Climate Blow
(Bloomberg) — Australia gave preliminary approval to extend the life of its biggest and oldest liquefied natural gas…
Oil Markets Focus on OPEC+ as Geopolitical Catalysts Cool
Oil markets will be fully focused on OPEC+ this week after talks between Russia and Ukraine appeared to…
Colombia’s Shrinking Gas Reserves Intensify Push Toward
(Bloomberg) — Colombia’s natural gas reserves fell to the lowest since at least 2007, putting pressure on the…
Stocks Rise on Trump’s Tariff Delay; Dollar Wavers: Markets
(Bloomberg) — European stocks climbed along with US equity futures after President Donald Trump extended a deadline on…
Rising Crude Stocks, Higher OPEC Output May Keep A Lid On Oil Prices
A crude oil storage facility in Cushing, Oklahoma, U.S. (Photo: Johannes Eisele) AFP via Getty Images Global oil…
US Plans Chevron License for Minimum Upkeep in Venezuela
(Bloomberg) — The Trump administration is preparing to issue a narrowly tailored license to Chevron Corp., allowing the…