Oil Market Commentaries
24 Sep 2024
Crude futures and refined product prices rebounded Tuesday after China unveiled a major stimulus package aimed at kickstarting its economy..
24 Sep 2024
Middle East crude markets moved higher Tuesday on geopolitical tensions and China's stimulus package, while naphtha timespread pointed to a...
23 Sep 2024
Crude and product prices slipped on Monday, but held on to most of last week's rebound, as attention remained...
23 Sep 2024
Middle East crude opened the week steady as global oil markets largely consolidated gains after last week's Fed rate cut, while weakness...
20 Sep 2024
Crude and product futures were a touch lower Friday, but still up sharply on the week...
20 Sep 2024
The rebound in Asian crude prices came to a halt with the uplift from the Federal Reserve 50bp rate cut now largely priced in, while the refined...
19 Sep 2024
Crude and product prices were sharply higher Thursday, buoyed by hopes that a steep cut in US interest rates...
19 Sep 2024
East of Suez crude prices climbed higher Thursday following the global trend, while the recovery in gasoline persisted as cracks touched a...
18 Sep 2024
rent crude inched higher for a third straight session Wednesday, as a bullish EIA report helped consolidate gains ahead...
18 Sep 2024
East of Suez crude prices nudged higher on Wednesday and largely tracked moves in Brent, while gasoil found buying interest after...
17 Sep 2024
Crude and European product prices were little moved Tuesday as the market waits for the US Federal Reserve's decision on interest rates...
17 Sep 2024
East of Suez crude prices edged higher Tuesday although Asian markets were largely following western benchmarks ahead of the US rate...
16 Sep 2024
Brent crude futures rebounded Monday from Friday's late sell-off, but ended the day flat as the market weighed lingering oil demand concerns against supply issues, while diesel cracks slumped to fresh lows...
16 Sep 2024
Middle East crude opened the week lower as markets caught up following the Brent retreat after Asia had closed on Friday, while...
13 Sep 2024
Crude futures and European product prices slipped Friday but still ended the week higher as US Gulf onshore...
13 Sep 2024
Asian crude markets nudged higher for a second session Friday but early week losses still cemented another losing week, while gasoil...
12 Sep 2024
Crude and product were sharply higher Thursday as Francine slammed into the Louisiana coastline as a Category 2 hurricane...
12 Sep 2024
Asian crude markets finally broke the losing streak Thursday, as global prices rebounded on supply disruptions in the US Gulf and...
11 Sep 2024
Crude futures were back testing fresh three-year lows Wednesday as a bearish EIA report wiped out earlier gains...
11 Sep 2024
Asian crude markets were lower for a sixth session as Dubai again played catchup with late Brent in the previous session, a move that...