Despite the lowest production and export volumes on record, Saudi Arabia saw the value of its oil exports surge by 37.4% in March to the highest level in three and a half years, data from Saudi Arabia’s General Authority for Statistics showed. The value of the Kingdom’s to
EIA data reveals record weekly declines in US crude inventories, with exports surging above 13m b/d amid Middle East disruptions. US crude inventories fell sharply last week, including significant Strategic Petroleum Reserve withdrawals, as exports remained elevated. The E
Geopolitical tensions in the Middle East are proving to be a bonanza for oil. But if you're like most investors you're missing the rally — unless you own the right ETFs. "Investors who only own S&P 500-based ETFs have limited exposure to rising oil prices," said Todd Rosen
Survey of 126 asset managers and strategists sees demand destruction balancing supply shocks amid persistent war risk premiums. Oil prices are expected to average between $81 and $100 per barrel over the next 12 months, driven by demand destruction and geopolitical risks.
Analysts warn escalating conflicts could fragment energy markets, creating supply chains tied to security pacts and currencies. A potential shift from unified global oil markets to fragmented pricing blocs is gaining traction as geopolitical tensions escalate. Analysts hig
Goldman Sachs analysts report April inventory draws doubled March’s pace, with May’s daily decline hitting an all-time high. Global oil inventories are shrinking at an unprecedented rate, with daily draws reaching 8.7 million barrels since the start of May. The decline has
Oil prices retreat as optimism over a potential US-Iran deal raises expectations of increased global supply. West Texas Intermediate crude fell to $98.20 in early European trading Thursday, extending losses below $98.50. The decline follows remarks from US officials indica
Saudi Arabia imports more fuel oil due to declining gas output Saudi Arabia is boosting fuel oil imports to use in power generation as its natural gas production declines. The decline in natural gas production is a result of reduced oil output, with the shut-in amount
Visible crude and fuel inventories drop 8.7 million barrels per day in May, nearly double the rate since conflict began. Global oil stockpiles are declining at a record pace of 8.7 million barrels per day in May, driven by a sharp reduction in flows through the Strait of H
Japan's April exports rose 14.8% year-on-year Japan's exports increased 14.8% year-on-year in April, beating the 9.3% forecast. This growth led to a surprise trade surplus of 301.9 billion yen. Exports to the US rose 9.5% and to China 15.5% year-on-year. Imports gre
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