What next for Brent crude futures? The recovery in the oil benchmark price at the start of July has been as steep as its fall in June. After slipping to under $90 a barrel last month, Brent briefly tipped $100 …
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By Paddy Gourlay By the time this article appears, the International Energy Agency may have co-ordinated another release of strategic oil stocks in a bid to cool the market. The Paris-based watchdog, following a lead from US President Obama and …
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On February 10th, the International Energy Agency (IEA) will lower its forecast for world oil demand this year. The Paris-based agency, the watchdog of the oil market, will take its cue from the International Monetary Fund, which has downgraded its …
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By Paddy Gourlay Temperamental oil futures will happily swing up-and-down on the whiff of a headline or currency move, so it is ironic that actual crude and oil product prices are set at a single precise time of the day, …
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By Paddy Gourlay There are two things to learn from the International Energy Authority’s extraordinary decision last month to sell the world an extra 60 million barrels of crude in a bid to tame the raging oil price. Firstly, the …
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