Amid all the uproar over the US’s surprising oil production growth of the last few years, some oil market watchers may have inflated expectations of just how well-supplied the market is. US onshore oil supply growth has helped to boost global oil market supply, helping to insulate prices from the impact of disruptions, such as… Keep reading →
The New York Energy Forum held its annual kickoff meeting last Thursday night, where leading market analysts presented their views about where oil and natural gas markets are headed this year. Sanctions-bitten Iranian crude output, the interplay of fundamentals and financial factors in oil markets and the US petroleum output boom were all topics of discussion.
Global benchmark crudes West Texas Intermediate and Brent have been range bound for the past two years and the speakers expected little change in 2013, despite an uptick in global oil demand. Keep reading →
