Oil prices surging & the global economy is set to benefit from this impressive upturn. Positive outlook this July highlights game-changers for the oil industry.
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Busy Week in Oil: Saturday Catch-Up on 6 Top Stories
It has been a busy week in oil & gas! I didn’t even have a chance to get the new news out to you before something else rolled in, so here is an end-of-the-week recap.” ~Greg
Oil Prices March On, Hit $80 Despite Federal Rate Hike
The Federal Reserve raised interest rates by 0.25% on Wednesday, but oil prices march on past $80.
Oil Markets Will Face ‘Serious Problems’ As Demand From China And India Ramps Up, In The Second Half of 2023
He emphasized that there could be some serious problems in the latter part of the year, which will inevitably lead to a response in prices.
3-Week Rally: Oil Prices Extend Gains As Fundamentals Come Into Focus
As the trading week comes to a close, oil prices are basking in the glow of their 3-week rally of gains.
China’s Oil Imports Surge Summer 2023: An Encouraging Sign of Economic Recovery and Policy Shifts Ahead
China’s Oil Imports Surge: A Sign of Economic Recovery and Policy Shifts: China’s economic recovery post-pandemic has boosted oil imports.
Surging Oil Demand Soared to Near-Record Levels in May 2023
The world’s oil demand jumped by more than 3 million barrels per day (bpd) in May due to surging oil demand.
Pierre Andurand Predicts Oil Prices Rising to $140
Oil prices will surge to $140 per barrel by the end of this year, hedge fund manager Pierre Andurand said on Tuesday.
Oil Imports in China Set To Soar Despite Slow Start To 2023
Despite a weak start to the year, analysts still expect the country’s oil imports to hit a record high by the end of the year.