https://www.scmp.com/rss/322937/feed Mriganka Jaipuriyar is associate editorial director, Asia and Middle East oil news and analysis, at S&P Global Platts en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Crude oil prices lost just under 20 per cent of their value in the last month and the single biggest force acting on them has been stockpiles, particularly US petrol inventories, which have proven to be very resilient. Fundamentally there is little doubt that the market is balancing. But the pace at which supply and demand move toward balance looks slow and uncertain and that makes the ride ahead a rocky one with volatility being the only constant. One possible explanation for the resilience in... https://www.scmp.com/business/article/1999593/high-crude-oil-stockpiles-bring-volatility-and-uncertainty?utm_source=rss_feed https://www.scmp.com/business/article/1999593/high-crude-oil-stockpiles-bring-volatility-and-uncertainty?utm_source=rss_feed Fri, 05 Aug 2016 07:43:54 +0000 The UK’s Brexit vote dominated oil market sentiment for most of June, not because of its direct impact on oil demand and supply but through its impact on the US dollar index and financial markets. The UK economy plays a very small role in the global oil market, with the UK accounting for about 1 per cent of global oil supply and 1.6 per cent of demand. A stronger dollar, however, makes oil imports more expensive for holders of other currencies and is generally seen as bearish for demand. The US... https://www.scmp.com/business/markets/article/1986179/oil-market-looks-neutral-bearish-near-term-focus-returns?utm_source=rss_feed https://www.scmp.com/business/markets/article/1986179/oil-market-looks-neutral-bearish-near-term-focus-returns?utm_source=rss_feed Wed, 06 Jul 2016 07:56:08 +0000