Marc Faber thinks there is a risk that oil prices will go much higher. At the same time, the bullish consensus on oil is now at one of the most elevated levels it's ever been. In other words, from ....

In a move that surprised markets, in late December 2011 the ECB implemented the LTRO in response to a growing sovereign debt and interbank lending crisis in Europe, and thus set the stage for a gre....

At the start of 2012, the average call on OPEC crude for Q1 was 29.7 million barrels per day (mbpd), while OPEC production was comfortably higher at 31 mbpd. A seriously warm winter and a series of....

The International Energy Agency (IEA) has cut the global oil demand growth outlook for 2012. In its new monthly report, the agency forecasts that oil consumption will increase by 800,000 barrels pe....

Sanctions are ratcheting up against Iran. The EU leaders have, in principle, agreed on an embargo on oil imports (although this could be delayed for six months), while the US has imposed sanctions ....

Quick, what country is the economic engine that will power world growth? If you answered "China," you're far from alone. But there's another country that deserves as much attention and better yet, ....

Crude prices are fundamentally based on supply and demand. Raise the supply or lower demand, and prices retreat. The opposite also holds true.....

In the short-term, OPEC ministers do not need to be too concerned with where the next 5 mb/d is coming from. Indeed, the decision to aim to hold OPEC crude output around 30 mb/d implies a strong de....

While the pressure on many European governments to deliver fiscal and economic reform remains intact, economic data in the US is far perkier, while that in China is more mixed than outright bleak. ....

What they have is oil. What we lack is oil. But India's African safari is more than a marriage of conveniece for energy. India on Monday said Africa can play a major role to meet its growing demand....

The strength in non-OECD oil demand continued, with the latest Indian oil demand data pegging domestic sales at a record for the month of October at 3.032 mb/d, constituting a y/y increase of 111 t....

In Barclays view, although the actual likelihood of closure of the Strait remains low, even the mere possibility of disruption to the traffic in the Strait of Hormuz would likely stir market sentim....

Crude oil demand growth for 2011 and 2012 will be lower than expected, says the Energy Information Administration (EIA). And almost all the growth will be contributed by China and other emerging ec....

With crude oil prices under pressure from macro-economic forces, the tight prompt markets together with the lack of spare capacity indicate a substantial possibility of crude prices strongly breaki....