WorldOil U.S. anti-OPEC efforts fading as cartel’s influence seen waning U.S. efforts to rein in OPEC’s influence over global oil markets are losing momentum as the Trump administration takes a wait-and-see approach to energy prices. Oil slips on concerns new virus may curtail demand Oil declined on concerns that a coronavirus outbreak in Asia could spread and curtail demand in a market that’s already contending with plentiful supplies. EIA forecasts crude prices will fall in the next six months, then rise through 2021 EIA expects that crude oil prices will remain elevated in the first few months of 2020, reflecting a price premium on crude oil from recent geopolitical events. However, this price premium will diminish in the first half of 2020, and market fundamentals will drive the crude oil price forecast in the second half of 2020 and in 2021. Oil prices dip as global stockpiles buffer Libya disruption Oil fell as global markets remain comfortably supplied despite the suspension of exports from Libya, and as equities faltered on political and economic worries in Asia. Russia plans to show OPEC+ compliance by excluding a key metric For the first time in Russia’s alliance with OPEC, the country is changing the way it makes oil-production cuts. Weather and rising inventory drive natural gas to lowest seasonal price in 30 years The lowest seasonal price on record going back to 1990 has been driven by the continued absence of a cold U.S. winter and an oversupplied global market. In the battle for the world’s biggest oil market, the U.S. has a new advantage The U.S.-China trade agreement is set to intensify the battle for the world’s most prized oil market. With Libya’s oil blocked, EU urged to take more active role The European Union’s foreign policy chief said member states will need to take a more active role in Libya if yesterday’s peace conference in Berlin is to bring stability to the country and help get its oil flowing again. Crude prices jump on Libya export blockage, Iraq disruptions Oil gained in Asian trading Monday following supply disruptions and political instability in key producers Libya and Iraq. Oil advances on optimism sparked by historic U.S.-China trade agreement Oil rose to the highest in more than a week as the preliminary trade truce between the U.S. and China fanned optimism about economic growth.