Oil Prices Fall on Glut in Refined Products
Oil prices pulled back on Friday, weighed down by a glut in oil products that is stoking market concerns that rebalancing will take longer than hoped. The global benchmark, Brent, Continue Reading
Crude oil prices face weekly decline as glut fears persist
Crude oil drips from a valve at an oil well operated by Venezuela’s state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas Continue Reading
Oil Prices Weaken on Glut Fears
Oil prices fell throughout U.S. trading Thursday as a glut of gasoline keeps weighing on prices. U.S. oil for September delivery settled down $1.00, or 2.2%, to $44.75 a barrel Continue Reading
Crude oil nudges up after ninth weekly stock drawdown in U.S.
Crude oil prices edged up in early Asian trading on Thursday after the U.S. Energy Department reported a ninth consecutive weekly drawdown of crude stocks but a surprise build in Continue Reading
Natural Gas Flips to Gains After Smaller-Than-Expected Stockpile Addition
Natural gas prices flipped to gains after government data showed a smaller-than-expected surplus of gas headed into storage last week. The U.S. Energy Information Administration said natural-gas stockpiles grew by Continue Reading
Oil Prices Might Not Rebound Until 2019
It’s a safe bet that investors are getting increasingly tired of all the conflicting forecasts about oil and gas prices. Some argue that oil is heading back to $20 thanks Continue Reading
Top 10 Countries With The Cheapest And Most Expensive Gas
Oil Storage From The Sky The U.S. consumes more gasoline than any other country, and the average household spends about $2,000 a year on gas. But in the last few Continue Reading
Oil Markets Panic After EIA Reports Surging Gasoline Inventories
Commercial crude oil stockpiles in the U.S. fell by 2.3 million barrels in the week to July 15, the Energy Information Administration reported . This is a rare perfect match Continue Reading
2016 set to be hottest year yet, CO2 on rise: WMO
The world is on track for its hottest year on record and levels of carbon dioxide have reached new highs, further fuelling global warming, the World Meteorological Organization (WMO) said Continue Reading
More pain seen for U.S. crude as product glut adds to gloom
A glut of refined products has worsened the already-grim outlook for U.S. crude oil for the rest of the year and the first half of 2017, traders warned this week, Continue Reading