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Market Forecast: What to Watch

Reviewing the market forces that will affect fuel prices in 2024
Reviewing the market forces that will affect fuel prices in 2024 The year 2023 was a rollercoaster for the crude oil market, which experienced high price volatility due to… https://oilandenergyonline.com/articles/all/market-forecast-what-watch/

Why Are Fuel Prices So High?

While the surpassing of $90/bbl of oil is cause for serious concern, it’s not completely unfamiliar territory, as it was back in 2007 when oil was trading at the same price
It is no secret that the cost of oil has been steadily increasing over the last several months. On July 4, WTI Crude was trading at $69.79/bbl, and on September 15, that price had… https://oilandenergyonline.com/articles/all/why-are-fuel-prices-so-high/

OPEC+ and Russian Cuts Not Affecting Oil Prices as Expected

Inflation, Recession Fears Moderate Price Pressures
Inflation, Recession Fears Moderate Price Pressures Oil prices this June were a far cry from the sky-high prices we saw one year ago, following the Russian invasion of Ukraine… https://oilandenergyonline.com/articles/all/opec-and-russian-cuts-not-affecting-oil-prices-expected/

Surprise Announcement from OPEC+

Last month, OPEC+ released a surprise announcement, that, beginning May 2023, they would drastically cut crude production for the year by over 1 million barrels per day.
Last month, OPEC+ released a surprise announcement, that, beginning May 2023, they would drastically cut crude production for the year by over 1 million barrels per day. Amid… https://oilandenergyonline.com/articles/all/surprise-announcement-opec/

Pecking Away at Production Cuts

OPEC+ countries increase output as oil demand rises
OPEC+ countries increase output as oil demand rises On April 1, 2021, OPEC and its allies announced that they would gradually increase their output from May to July. OPEC+ agreed… https://oilandenergyonline.com/articles/all/pecking-away-production-cuts/

The + in OPEC+

A look at the brief history of cooperation between OPEC and Russia
A look at the brief history of cooperation between OPEC and Russia The OPEC+ record oil output cut agreement has been one of the most important events to influence oil prices… https://oilandenergyonline.com/articles/all/opec/

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