Crude Oil Prices Up, But Downside Risks Loom
Crude oil prices eked out minor gains on Asian trade Friday as the market adopts a cautious attitude considering the possibility that large oil producers may discuss a coordinated output Continue Reading
Oil set for second weekly gain on Russia-led supply cut talk
Global benchmark Brent crude futures rose on Friday, moving nearly 8 percent higher so far this week, and set for a second weekly gain, spurred by hopes of a deal Continue Reading
Don’t believe oil bump, $18 still coming: Kilduff
With depressed oil prices poised for a second-straight weekly advance, closely followed analyst John Kilduff said Friday the bounce from 12-year lows won’t last. West Texas Intermediate crude was steady Continue Reading
Crude Oil Prices Up, But Downside Risks Loom
Crude oil prices eked out minor gains on Asian trade Friday as the market adopts a cautious attitude considering the possibility that large oil producers may discuss a coordinated output Continue Reading
Natural Gas Prices Surge on Cold Weather and Stockpile Drawdown
Natural gas prices surged to a two-week high, as winter cold and shrinking inventories continue to drive steady gains. Futures for March delivery recently traded up 8.7 cents, or 4%, Continue Reading
Venezuela’s Del Pino to Russia, Saudi Arabia, Qatar and Iran to promote meeting
Venezuelan oil minister Eulogio Del Pino Friday said he will travel to Russia, Qatar, Iran and Saudi Arabia next week to coordinate a meeting between OPEC members and non-OPEC oil Continue Reading
Opec mistrust clouds oil cutback talks with Russia
When Saudi Arabia and Russia sat down to talk about limiting oil production 14 months ago, the discussions to stem a collapse in prices did not get very far. “The Continue Reading
Iran Says It Won’t Join Immediate OPEC Production Cut
An Iranian woman refuels her car at a gas station in Tehran on Jan. 25. Iran wouldn’t coordinate a crude-oil output reduction with the Organization of the Petroleum Exporting Countries Continue Reading
Russia cautious on prospects for oil cut deal with OPEC
Russian Deputy Prime Minister Arkady Dvorkovich on Friday played down expectations that Russia could coordinate with OPEC to arrest the fall in oil prices by reducing production, saying the state Continue Reading
Low Utilization Pressures Companies to Scrap More Offshore Rigs in 2016
With crude oil prices languishing just above the $30 a barrel range since the beginning of 2016, market watchers expect drilling companies to scrap more offshore rigs this year. Drilling Continue Reading