Tom Kool

Latest articles from Tom

• BP’s Indiana Refinery Restarts After Fire

  Published 31 August 2022 | viewed 4,540 times

  BP Plc’s Whiting, Indiana refinery has restarted production after being idled last week due to an electrical fire, Reuters reports, citing unnamed sources close to…

• Oil Falls 5% On Growing Inflation Fears

  Published 30 August 2022 | viewed 12,353 times

  Crude prices fell more than 5% on Tuesday afternoon as a result of inflation fears and concerns about demand returned. Chart of the Week Can…

• Iran Nuclear Deal Keeps Oil Markets On Edge

  Published 26 August 2022 | viewed 14,216 times

  Crude oil prices began to slip on Friday after Federal Reserve Chair Jerome Powell spoke for a mere 8 minutes, warning that there would be…

• Russia’s Oil Production On Track For First Drop In Four Months

  Published 24 August 2022 | viewed 5,125 times

  Russian crude oil and condensate production has been 1.9% lower this month compared to July, and if the trend holds, August will be the first…

• Bullish OPEC+ Rhetoric Sends Oil Prices Soaring

  Published 23 August 2022 | viewed 29,028 times

  Crude prices soared on Tuesday morning after OPEC+ leaked that it may decide to cut output once again if, and when Iran makes a full…

• Disappointing Chinese Demand Takes Toll On Oil Prices

  Published 16 August 2022 | viewed 29,409 times

  Uncertainty about the Iran nuclear deal and disappointing Chinese crude demand and refinery throughput are creating headwinds for crude. Chart of the Week Can the…

• Oil Prices Fall As Demand Concerns Persist

  Published 12 August 2022 | viewed 19,946 times

  Crude prices fell on Friday morning, erasing some gains as traders remain cautious to go long on crude again. August 12th,This week has been quite…

• The Downside Risk Of Tomorrow's OPEC+ Meeting

  Published 02 August 2022 | viewed 23,489 times

  Reader Update: Whether you are new to the oil and gas industry or an energy market veteran, you will regret not signing up for Global Energy Alert.…

• Saudi Arabia May Push For Higher OPEC Production

  Published 02 August 2022 | viewed 7,793 times

  Saudi Arabia is reportedly planning to advocate for higher oil production at the next OPEC+ meeting, which is taking place later this week. This is…

• Bullish Sentiment Creeps Back Into Oil Markets

  Published 26 July 2022 | viewed 6,577 times

  While fears of a global recession are still very much alive and kicking, oil traders have been opening increasingly bullish positions in the belief that…

• Brent-WTI Spread Widens To Over $8 As U.S. Gasoline Demand Slows

  Published 25 July 2022 | viewed 21,216 times

  The spread between Brent crude oil prices and West Texas Intermediate (WTI) hit its widest level in over three years on Monday, with WTI down…

• Are Oil Prices Set To Rally Once Again?

  Published 19 July 2022 | viewed 23,232 times

  While it is always risky attempting to forecast oil prices when volatility is soaring, the recent return above $100 for both WTI and Brent suggests…

• Supply Disruptions Drive Bullish Sentiment In Oil Markets

  Published 01 July 2022 | viewed 13,420 times

  Bullish sentiment is once again building in oil markets as supply disruptions mount and global oil demand growth continues unabated. Friday, July 1st, 2022 As uncertainty…

• Oil Prices Bounce As EIA Fails To Publish Inventory Data

  Published 24 June 2022 | viewed 41,311 times

  The world's most-watched oil data report won't be released this week due to a power problem. Oil prices, meanwhile, are climbing higher on Friday to…

• Natural Gas In The Limelight As Power Demand Soars

  Published 21 June 2022 | viewed 5,516 times

  While oil markets remain incredibly tight, it is natural gas markets that are making headlines in energy markets this week. Russia is sending less natural…

• Oil Prices Fall On Biggest Fed Rate Hike Since 1994

  Published 15 June 2022 | viewed 184,907 times

  In its largest hike since 1994, the Federal Reserve raised rates by three-quarters of a percentage point, or 75 basis points, with oil prices responding…

• Weak Chinese Demand Weighs On Oil Prices

  Published 10 June 2022 | viewed 35,677 times

  Oil prices fell slightly on Friday morning as one of the only consistently bearish factors in oil markets, weak demand from China due to Covid…

• Natural Gas Futures Hit 13-Year High As Traders Expect "Blistering Hot Summer"

  Published 06 June 2022 | viewed 20,520 times

  Natural gas futures have hit an 13-year high on higher temperatures to come in the next week combined with lower production levels.  On Monday, Henry…

• A Week Of Turmoil For Oil Markets

  Published 03 June 2022 | viewed 31,207 times

  There has been plenty of turmoil in oil markets this week, with the EU banning Russian oil, OPEC accelerating its production increases, and U.S. inventories…

• Citi: Oil Is Overvalued By $50 Per Barrel

  Published 01 June 2022 | viewed 37,404 times

  Brent crude, trading Wednesday at over $116 per barrel, should be closer to $70, according to Citi’s global head of commodity research, Ed Morse, in…