Oil prices fall for first time in three days
Oil prices fell in Asian trade after a strong two-day rally that was fed by easing concerns Britain would leave the European Union after a referendum this week, allowing market Continue Reading
Oil Halts Advance Near $49 a Barrel Before U.S. Stockpile Data
Oil halted its advance near $49 a barrel before weekly U.S. government stockpile and production data. Futures slid as much as 0.6 percent in New York, trimming a 6.8 percent Continue Reading
Crude Oil Declines in New York as Canadian Output Ramps Up
Oil slipped in New York after two days of gains as output in Canada continued to increase following Alberta’s wildfires. Futures fell as much as 0.5 percent in New York Continue Reading
The NYMEX July natural gas futures contract climbed 12.4 cents Monday to settle at $2.747/MMBtu, the highest price since it settled at $2.758/MMBtu on September 14, 2015.
The NYMEX July natural gas futures contract climbed 12.4 cents Monday to settle at $2.747/MMBtu, the highest price since it settled at $2.758/MMBtu on September 14, 2015. The July gas Continue Reading
Raymond James: Get Ready for $80 Oil
Rebounding after a two-year collapse, it’s only this month that oil prices have pushed up past $50 a barrel, but Raymond James & Associates says this is just the beginning Continue Reading
Why We Can Expect Cripplingly Higher Oil Prices In The Near Future
The break-even price for Permian basin tight oil plays is about $61 per barrel (Table 1). That puts Permian plays among the lowest cost significant supply sources in the world. Continue Reading
Inventory Drawdowns Won’t Boost Oil Prices
During the next three months, various analysts expect crude oil inventory drawdowns to increase, providing support to crude oil prices. However, post-September, inventory build-up is likely to accelerate, putting a Continue Reading
US shale producers confound Opec and eye new chapter as oil returns to $50
Two years into the worst oil price rout in a generation, large and mid-sized US independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confounding Continue Reading
BP Sanctions Atoll Phase One Project in Egypt
BP sanctions the development of the Atoll Phase One project in Egypt. BP announced Monday that, together with the Egyptian Natural Gas Holding Company (EGAS), it has sanctioned the development Continue Reading
Fuel costs spike in Mosul after coalition strikes on IS oil hub
Prices of basic fuels have risen by up to 80 percent and quality has plummeted after a June 6 airstrike crippled IS’s import network of road tankers. US officials say Continue Reading