The drop in oil price adds a twist to the forces driving fragmentation and conflict. Vladimir Putin, the Russian president, is being forced to consider a fire sale of state Continue Reading
Oil futures prices on the New York Mercantile Exchange Thursday fell below $27 per barrel as the market largely ignored a drawdown in U.S. crude oil stockpiles amid a wider Continue Reading
Oil extended losses to trade near a 12-year low as crude stockpiles at the delivery point for New York futures expanded to a record even as nationwide supplies slipped. West Continue Reading
Crude prices may be days away from hitting $25 a barrel or even lower as weakening technicals put more pressure on a market already staggering from oversupply, chartists said. U.S. Continue Reading
Oil slid on Thursday, dented by record U.S. crude inventories at the Cushing delivery point, worries about the demand outlook, and as Goldman Sachs said prices would remain low and Continue Reading
Oil prices pulled back Wednesday even as weekly data from the U.S. Energy Department showed a surprise decrease in crude-oil stockpiles. The U.S. Energy Information Administration said crude-oil inventories declined Continue Reading
Natural gas prices continued their retreat toward the $2 mark Wednesday as warming weather forecasts for late February suggest winter-heating demand won’t be enough to resolve a potentially historic glut. Continue Reading
The latest OPEC Monthly Oil Market Report is just out. The the data is “Crude Only” production and do not reflect condensate production. Also the charts, except for Libya, are Continue Reading
OPEC revised estimates of production from rival suppliers, indicating a steeper drop in non-OPEC supply than previously anticipated. Production outside the Organization of Petroleum Exporting Countries will fall by 700,000 Continue Reading
The world is so awash with crude, the boss of BP Plc said people will be filling their “ swimming pools ” with it by the end of the year. Continue Reading
