Oil & refined products
IEA warns over medium-term global crude oil markets
Despite improvements in investment outlook since 2009, the IEA still has reservations about supply concerns in the next five years
Analysts quell crude supply fears from Gulf of Mexico spill
The effect on global crude supply in the short-term from the BP spill will be minimal, although production costs will rise, say analysts
New contract capitalises on Canadian heavy crude growth
A Canadian heavy crude oil contract launched this week will help oil market participants to exploit expected production growth in heavy crude from Canadian oil sands
China to continue to drive global oil demand growth
Chinese oil appetite will account for almost half of global oil demand growth in the next five years but could be limited by the debt crisis in OECD countries
Oil outlook revised down
Oil prices are not expected to top $100/bbl in 2010 as energy sector participants pare down their 2010 forecasts in light of supply issues
Exclusive Credit Suisse video: energy price outlooks
Crude oil prices will stay range-bound over the next three years, due to substantial Organization of the Petroleum Exporting Countries (OPEC) spare capacity, growing global demand and significant financial flows, says Credit Suisse’s head of global…
Interview: Crescent Petroleum's Majid Jafar
Iraq is being hailed as a major new source of oil supply in the coming years but Crescent Petroleum Group’s Majid Jafar tells Lianna Brinded how the Iraqi government’s heavy involvement in energy companies is holding back progression
Singapore's SMX WTI contracts seen struggling against NYMEX and ICE
The Singapore Mercantile Exchange WTI contracts, which offer a WTI contract throughout the Asian time zone, are unlikely to challenge Nymex and ICE, say market players
Oil market outlook: prices seen nudging higher
Despite recent falls in the oil price, most analysts see prices rising in the second half of the year, with spikes to $100 a barrel not ruled out, finds Lianna Brinded
Kuwait OPEC Minister: Oil price to drop to $60/bbl
Kuwait’s Organisation of the Petroleum Exporting Countries (OPEC) oil minister says oil prices are set to fall further amidst continuing concerns over the global economic recovery
Global crude benchmark WTI is flawed, according to expert
The global oil industry is increasingly turning away from WTI as a physical price benchmark, says industry consultant
Shell builds shale assets despite environmental concerns
Shell's $4.7 billion shale assets purchase today flies in the face of industry concerns about the impact of tighter regulations on future production
Cautious outlook from oil experts at industry event
A sharp increase in oil demand from non-OECD countries will compensate for peaking demand in OECD area
Markets give backing to WTI as oil benchmark
Strong Q2 trading volumes reassert WTI's place as global pricing benchmark
Credit Suisse: Oil range-bound for next three years
Crude oil prices will stay range-bound over the next three years, due to substantial Organization of Petroleum Exporting Countries (OPEC) spare capacity, growing global demand and significant financial flows, says Credit Suisse’s head of global…
Matthew Simmons: Oil markets face ‘Pearl Harbour’
The oil market is facing its own ‘Pearl Harbour’, as a number of factors, ranging from supply tightness, operational disasters such as the BP’s Gulf of Mexico oil spill, ageing refining capabilities and a diminishing oil sector workforce push the sector…
Oil sands supply weighs on WTI prices
Canadian oil sands could become the top source of US crude oil imports this year, according to a report published on Wednesday (May 19), raising concerns that oversupply of US crude will continue to weigh on prices
IEA cuts global oil demand for 2009 and 2010
The International Energy Agency (IEA) slashes global oil demand for 2009 and 2010, following questions over the health of the global economy, weaker-than-expected data from Asia and the Middle East, and repercussions from the volcanic ash cloud and the…
Offshore policy remains unclear after drilling ban
The full effect of the recent Gulf of Mexico oil spill on US offshore drilling policy remains unclear as the official investigation continues.
Iraq seals oil deal with Kurdistan
The Iraqi government has resolved the longstanding oil dispute with Kurdistan, signalling a short-term increase in oil exports, while the prospect for a petroleum law, which would detail revenue and expense allocations for foreign energy companies in…
Gulf of Mexico oil spill to delay BP drilling projects
BP’s Gulf of Mexico oil spill could lead to production delays throughout the industry while safety regulation tightens up.
Oil supply outlook: Nigeria
An uptick in Nigerian oil production at the end of 2009 led to hopes of greater supply stability. However, with political uncertainty looming and attacks on oil facilities on the rise again, Lianna Brinded asks experts if they are still optimistic for…
Turning points: Catherine Flax, chief executive officer of commodities for Europe, the Middle East and Africa at JP Morgan
Catherine Flax, chief executive officer of commodities for Europe, the Middle East and Africa at JP Morgan, shares her renowned enthusiasm for the commodities sector with Lianna Brinded