October 2021

The six major Middle Eastern oil and gas producers part of the Gulf Cooperation Council (GCC) are set to book faster economic growth in 2022 than previously expected, if oil prices don’t pull back significantly next year, a Reuters poll of 21 economists showed on Thursday. The six countries in the Gulf Cooperation Council (GCC)—Bahrain, Kuwait, Oman, […]

Over the last four weeks total stockpiles, including the Strategic Petroleum Reserve, have fallen at a rate of 1.15 million barrels a day, marking the largest four-week decline on a rolling basis in Energy Information Administration Data going back to 1982. Meanwhile, Nymex calendar spreads rallied Wednesday, with the September West Texas Intermediate futures contract