Tag: oil outlook

How Long Will The Oil Glut Last?

One of the main factors that dragged down oil prices is the glut in oil supply, in part, driven by higher OPEC output. Low oil prices has already started to bring down output of non-OPEC countries. But is this enough…

Oil Weekly Outlook for June 24-28

The prices of crude oil (WTI and Brent) fell during last week: WTI declined by 4.25%; Brent oil slipped by 3.24%. As a result, the gap between the Brent oil and WTI slightly expanded; the difference between Brent and WTI…

Oil Outlook for April 22-26

The prices of crude oil (both WTI and Brent) resumed their downward trend during most of last week: WTI fell by 3.6%; Brent oil, by 3.36%. As a result, the gap between the Brent oil and WTI slightly contracted again…