Since war broke out between the U.S., Israel and Iran on February 28, the crude oil futures curve has moved into a steep backwardation, a situation that persists even after the announcement of a ...
The oil market is in backwardation: a phenomenon where futures with near-term deliveries are marketed at a premium over longer-dated contracts. Market watchers spoke to CNBC about what the ...
Middle East supply risks and tight oil markets are lifting Canadian energy stocks, with strong returns and upside still ...
Oil prices finished lower on Wednesday as uncertainty continued to surround President Donald Trump’s policy moves in the energy sector. Trump’s “drill, baby, drill” mantra suggests the “potential for ...
LONDON, Aug 10 (Reuters) - Oil traders are increasingly convinced the market will rebalance over the next year with a major drawdown in crude and products stocks. Sign up here. Conviction about market ...
HOUSTON (Reuters) -Front-month U.S. crude oil futures ended Monday's trading at their smallest premium since January 2024 over the seventh-month contract, as OPEC+ ramps up supply while seasonal ...
(For the Naphtha FOB Japan 12-month forward curve click http://graphics.thomsonreuters.com/F/07/SG_NAPMOPJ241110PM1110.g if) SINGAPORE, Nov 24 (Reuters) - Asia ...