The Two Halves of Benchmark Oil In 2019

The Two Halves of Benchmark Oil In 2019

The oil market will be in two halves in 2019, according to Wall Street forecasts. Oil analysts expect prices to recover in the first six months of 2019, after the sale had cut crude oil prices by about 40 percent since October. In the last half of the year, however,...
WCS And WTI Benchmark Oil Price Gap Widens

WCS And WTI Benchmark Oil Price Gap Widens

The gap between Canadian benchmark oil prices and US prices is increasing along with the gap between Canadian oil production and oil export capacity. The growth of Alberta’s oil industry is hampered by a lack of infrastructure in the face of growing output,...

Oil Prices Recover As OPEC+ Cut Output

Oil prices recovered as the world’s major producers agreed on Friday to lower production than expected and offset the losses of the previous day when the oil-rich nations failed to reach an agreement. Opec and its allies, including Russia, which together account...