BAGHDAD－Iraqi officials fear economic “collapse” if Washington imposes threatened sanctions, including blocking access to a US-based account where Baghdad keeps oil revenues that supply 90 percent of the national budget.
Although the expected recession did not appear last year, that doesn’t mean it won’t happen this year. Indications appear ominous.
OPEC Secretary General Mohammed Barkindo said that conversations with US shale producers provided OPEC with some insight, allowing them to “compare notes and outlook.”
This year, the UAE will reach an important milestone.
There could be a recalibration of oil market expectations regarding an “ample” global oil supply, Bahrain’s oil minister said Monday, despite expectations that U.S. shale oil production could be hurtling towards 14 million barrels per day in the next few years.
Supply and demand are usually king for Europe’s base oils market.
Free cash flow used to be a rare commodity among oil and gas stocks, but companies have gotten the message that investors won’t buy stocks that don’t produce it.
…positioning in other assets, such as the euro, oil prices and government debt, led by the 10-year US Treasury note. “The extremities in momentum signals are concentrated on US equity futures, rather than a…
A pullback in bullish oil bets could tamp down crude prices with tensions in the Middle East subsiding, a rapid shift after the U.S.-ordered killing of a top Iranian military leader had some traders positioning for further gains earlier this month.