Oil Market

U.S. markets ended a choppy week on a cautious note, as modest gains through Thursday reversed sharply on Friday after escalating tensions between Israel and Iran rattled investor sentiment. Major equity indices, which had been hovering near all-time highs, pulled back as geopolitical risks surged...

Analysts predict a spike in oil prices at the start of the trading week following Iran's drone and missile attack on Israel late Saturday. This significant escalation, in retaliation for what Iran suspected was an Israeli assault on Iran's consulate in Syria, raises concerns of a...

In a development that could have wider implications for the oil market, Saudi Arabia's state-owned Aramco has suspended its plan to boost its maximum crude production capacity. The decision comes against the backdrop of a shifting global landscape, with increasing concerns about the...

As OPEC gears up for a meeting in Vienna on Nov. 26, oil prices are on track for their fourth consecutive weekly loss. Prices are hovering at levels last seen in mid-July as the market grapples with slowing demand and easing supply concerns. Commodity analysts have identified a shift in the oil...

Last week we concluded the central bank's policy decisions. The Federal Reserve has come out more hawkish than the market would have expected. The “higher for longer” seems to be crystallizing, reverting that bullish sentiment that had been building on the back of the soft landing...

The International Energy Agency (IEA) has announced that global oil demand will reach its peak of 105.7 million barrels per day (mb/d) in 2028, during an existing decline initiated by the advance of electric vehicles (EVs). "The shift to a clean energy economy is picking up pace, with a peak in...

On Sunday, a joint committee that includes OPEC members and non-OPEC nations will meet in Jeddah, Saudi Arabia to take a look at oil markets. This committee, known as the Joint Ministerial Monitoring Committee (JMMC) has only been around a few years. It might never have held a more important...

A weekly look at what occurred in the oil markets of the U.S. and the world this past week. The U.S. Department of Energy (DOE) diesel price, which serves as the basis for fuel surcharges, has gone into significant periods of slumber this year, giving both shippers and carriers a period of relative...

Geopolitics came back with a bang Thursday. All those fears many investors seemed to put aside the last few days returned to smack U.S. stocks, sending major indices to their first really negative session since early last week. A CNBC report that President Trump might not meet Chinese President Xi...

A weekly look at what occurred in the oil markets of the U.S. and the world this past week. The week just ended might be referred to as "Venezuela week." With the news that the U.S. was sanctioning PDVSA, the Venezuelan state oil company – at one time considered the most well-run...

Good day, ‘Tis nearly the season now for reverse logistics, but meanwhile retailers and parcel carriers are delivering strong results along with signals of steep changes in sales and shipping patterns this holiday season. Early measures suggest stores met lofty sales expectations, according...

John Kingston is the oil expert for SONAR, FreightWaves' data product. He and other members of the SONAR experts' team regularly write in-depth looks at their respective areas of expertise: freight volumes, freight markets, weather and macroeconomics as well as oil. This piece is from a...