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Oil market analysts must make sense of a bewildering array of statistics about production, consumption and inventories, compiled and published with varying definitions and degrees of accuracy and timeliness....
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Hedge fund managers remain deeply divided about what matters more for the future direction of oil – intensifying fears about a global recession or Saudi Arabia's production cuts and...
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The Strait of Hormuz, the narrow shipping lane between Iran and Oman named after the fabulously wealthy ancient kingdom of Ormus, has fascinated oil traders since the Iranian revolution...
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Hedge fund managers added even more bullish long positions in crude oil and refined fuels last week, but positions showed signs of becoming stretched, setting prices up for a...
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US President Donald Trump and the Saudi government have closely aligned views on most issues but they disagree significantly on the desirable level for oil prices, which could become...
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For a proposed statute still at the first stage of the legislative process, with only a handful of sponsors in the US Congress, the "No Oil Producing and Exporting...
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Saudi Arabia has resumed its traditional role as the swing producer, sharply reducing its output to tighten the oil market and push prices higher, Reuters reports. The de facto OPEC...
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Saudi Arabia's energy minister, Khalid al-Falih, must play a bad hand of cards as well as he can at next week's meeting of OPEC and non-OPEC oil producers in...
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The Organization of the Petroleum Exporting Countries has been marginalised as critical decisions about the oil market are taken by a troika of the United States, Russia and Saudi...
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US President Donald Trump has in effect agreed to overlook the killing of journalist Jamal Khashoggi in return for Saudi Arabia's help to contain oil prices and for its...
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Saudi Arabia is unlikely to employ its so-called "oil weapon" in the diplomatic crisis over the disappearance of a journalist after visiting the country's consulate in Istanbul. Experience from...
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Hedge fund managers have continued to take profits on their bullish positions in crude oil as the late summer rally has faded and fears about oil consumption and the...
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The United States has sent mixed messages to OPEC and its allies over the last week about whether they need to do more to raise oil production and hold...
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The shift in oil market power away from OPEC towards a bilateral relationship between Saudi Arabia and Russia is the culmination of structural changes in oil production over the...
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The Trump administration's top diplomat has indicated the United States might grant waivers to some countries allowing them to continue importing Iranian crude when sanctions snapback in November. "There...
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The United States wants to eliminate all Iran's crude oil exports from November, and is relying on Saudi Arabia and other OPEC and non-OPEC members to fill the gap in supplies. "Our...
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The White House can drive Iran's oil exports to zero, or it can have moderate US gasoline prices, but it probably cannot have both. The awkward tension between the...
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The United States and Saudi Arabia seem to have an understanding to keep the oil market well supplied and avoid a significant price rise after the US re-imposition of...
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Saudi Arabia's financial position has stabilised as a result of the increase in oil prices as well as efforts to raise non-oil revenues and trim government spending. But the...
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Smoothly exiting from the current output pact, and perhaps replacing it with another agreement, has become the most important policy question for the Organization of the Petroleum Exporting Countries...
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Saudi Arabia has been forced to return to the role of swing producer in the oil market, despite the country's insistence for three decades it would never play the...
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President-elect Donald Trump is very unlikely to restrict imports of crude oil from Saudi Arabia despite threats to do so issued during the election campaign. Trump is first and...