Crude Markets articles & resources on Made-in-China.com

Ability of OPEC to Influence The Balance of Crude Markets Is Diminishing

Jul 17, 2013

The ability of OPEC to influence the balance of crude markets is diminishing in the face of growing US oil production, with 2013 expected to be a rare instance of a year-on-year decline in the call on the producer group to maintain balanced ...

Tags: Chemicals

Europe's Refiners Are Likely to Raise Production in July

Jun 10, 2013

Europe's refiners are likely to raise production in July because gains in product premiums have recently outpaced crude prices, traders said Thursday. This could mark the end of a period of limited production in Europe that has lasted ...

Tags: European, Chemicals, Production

Crude Futures Diverged Late in The US Trading Day Wednesday

Jun 7, 2013

Crude futures diverged late in the US trading day Wednesday, as the front-month ICE Brent contract slid from a session high of $104.07/b to a low of $102.85/b in a little over 40 minutes. ICE July Brent settled 20 cents lower at ...

Tags: Crude Markets, Chemicals, Brent

The NYMEX February Crude Contract Broke out of a Narrow Trading Band

Jan 23, 2013

The NYMEX February crude contract broke out of a narrow trading band immediately ahead of the 1:15 p.m. EST (1815 GMT) cessation of trading on the NYMEX contract to end the day 9 cents lower at $95.47/b. Prior to 12:30 p.m. EST (1730 ...

Tags: crude oil, NYMEX, macroeconomic indications, US

Analysts Are Generally in Consensus in Forecasting Brent Crude to Average Around $110/B

Jan 4, 2013

While analysts are generally in consensus in forecasting Brent crude to average around $110/b in 2013, the surge in North American production and question marks on the timing of new infrastructure has made for a highly divergent set of ...

Tags: Brent crude, crude oil prices, crude oil market, Brent

Russian President Vladimir Putin Unveiled The Final Extension

Dec 28, 2012

AFP reported that Russian President Vladimir Putin unveiled the final extension of a new USD 25 billion oil pipeline to the Pacific that marks the energy power's gradual shift away from weak European markets. The East Siberia-Pacific ...

Tags: AFP, Vladimir Putin, energy power, oil industry