Oil prices rose early on Friday, with Brent jumping back above $50 per barrel, as investors positioned themselves for more price increases this year in expectation of a tighter market. Continue Reading
Oil prices edged lower in volatile trade on Friday amid continued uncertainty about the impact of the Brexit referendum on crude demand. Brent crude, the global oil benchmark, fell 0.6% Continue Reading
U.S. stockpiles slip sixth week, production extends slide Oil traded near $48 a barrel in New York after posting its biggest quarterly gain since 2009. Close all those tabs. Open Continue Reading
Oil prices are going up as oil supply and demand are approaching a more balanced situation, writes geophysicist Jilles van den Beukel. And they will continue to go up as Continue Reading
Iraqi oil earned more than $40 per barrel for the first time since September, a helpful boost as exports have dropped nearly 200 thousand bpd in two months. Indigenous IS Continue Reading
Barclays lowered its crude price forecasts on Friday, citing reduced expectations for growth in the global economy and oil demand following Britain’s recent vote to leave the European Union. While Continue Reading
Iraq’s oil exports from the southern ports fell slightly in June as power generators burning more fuel to keep up with demand for air conditioning increased domestic demand, an official Continue Reading
Members of the Organization of Petroleum Exporting Countries altered their behavior to limit the role of U.S. shale oil producers, a Norwegian paper found. “There is no consensus in the Continue Reading
U.S. oil major Exxon Mobil ( XOM.N ) and Britain’s BP ( BP.L ) are at loggerheads over a giant oil production deal with Azerbaijan, blocking renewal of what was Continue Reading
Offshore Guyana ExxonMobil and its partner Hess Corp. have announced that the major discovery off the coast of Guyana, is a discovery that is much larger than previously expected. The Continue Reading
