Nearly every oil company stock is lower again, after the IEA saying the risk of oil prices falling further has increased. This can be fixed through a small amount of demand, and supply discipline, explains Kris Kelley, Janus Capital Group's equity research analyst.» Read More
Alejandro Barbajosa, VP, Crude Middle East & Asia-Pacific at Argus Media, says crude oil prices will see further declines amid an oversupply in distillate stockpiles, which include diesel and heating oil.
Andy Lipow, president at Lipow Oil Associates, doubts that the Organization of Petroleum Exporting Countries (OPEC) will strike an agreement with other oil producers to achieve a balanced market.
Matt Smith, director of commodity research at ClipperData, says oil prices are getting ahead of market fundamentals on the back of heavy short-covering.
Oil's rally last week was the result of speculative trade, not fundamentals, says Daniel Morgan, global commodities analyst at UBS.
While a slowdown in China could hurt oil demand, the issue of a supply glut remains the main factor weighing down prices, says Aiden Bradley, executive director at Commonwealth Bank.
Azlin Ahmad, editor, crude oil at Argus Media, discusses how factors like a supply glut and a devaluation in the yuan affect China's oil exports and imports.
Victor Shum, vice president of IHS Energy Insight, says the oil market remains "massively oversupplied" and these fundamentals are unlikely to improve anytime soon.
Peter Botten, CEO of Oil Search, says the company's margins remain strong despite weaker oil prices. On Thursday, the oil and gas producer reported a 49 percent rise in first-half profit.
The price of crude oil could drop $3-4 from current levels on the back of oversupply problems and fears surrounding China, says Dominic Schnider, head of commodity & APAC forex at UBS Wealth Management.
Dan Yergin, vice shairman of IHS, says China-related jitters and the possibility of Iran adding to a global supply glut will shape a bearish outlook for the price of oil for at least a year.
Stephen Ma, head of Greater China equities at BMO Global Asset Management, says Chinese markets are seeing "signs of a perfect storm" in the short term on the back of a stubborn economic slowdown.
Daniel Hynes, senior commodity strategist at ANZ, expects further downside in the crude oil prices on the back of growing supply from the U.S. and Iran.
The supply glut, driven by technology, is the prime culprit behind the fall in oil prices, says Jim McCaughan, CEO of Principal Global Investors.
Tom Petrie, Petrie Partners chairman, weighs in on how supply and demand imbalance is driving the price of oil.
Despite the recent IEA report signalling strong demand growth, markets remain focused on oversupply woes thereby underpinning the bearish sentiment in prices, says Matt Smith, director of Commodity Research at ClipperData.
If the Iran nuclear deal is finalized and sanctions are lifted by year-end, the oversupply situation in oil could extend into 2017, says Alejandro Barbajosa, VP, crude Middle Eats and Asia-Pacific of Argus Media.
David Hewitt, co-head of global oil & gas equity research at Credit Suisse, discusses the possibility of oil prices falling to $30 a barrel.
Barnabas Gan, analyst at OCBC, says a persistent global supply glut will exert further downward pressure on oil prices.
John Key, Prime Minister of New Zealand, explains why the "perfect storm" in dairy prices will likely be short-lived.
Kevin Book, Clearview Energy Partners, shares his outlook on oil and gas prices.