Oil Prices Post Slight Gains After Janet Yellen Speaks
Oil prices eked out a gain Friday but settled lower for the week after the U.S. Federal Reserve chairwoman left the door open for a sooner-than-later rate increase . U.S. Continue Reading
Oil Trades Near $47 as Saudis See Freeze as Positive for Market
Saudi Arabia’s Khalid Al-Falih doesn’t advocate production cut Iran’s oil minister to attend producer talks in Algiers: Shana Oil traded near $47 a barrel as Saudi Arabia’s energy minister said Continue Reading
Oil prices dip as Saudi Arabia dampens prospects of output freeze
Oil prices dipped in early trading on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month. International benchmark Brent crude oil Continue Reading
Oil Under Pressure As Saudi Arabia Downplays OPEC Deal
We begin by taking a quick look at some of the critical figures and data in the energy markets this week, which show that oil prices have bounced up and Continue Reading
Oil Stabilizes On Falling Dollar
As financial markets are distracted once more by Federal Reserve Chair Janet Yellen, crude is not immune to this influence, making moves in response to the U.S. dollar’s gyrations (crude Continue Reading
Expert Commentary: Is Crude Set To Drop?
Prompt WTI traded in a $48.40/$46.42 range through Thursday morning as bearish inputs included additional exports from Iraq following a completion of a deal between the Iraqi government and Kurds Continue Reading
2017 will be clearer, offshore drilling company says
There are signs of stability in offshore exploration and production, but it may be next year before any real indications surface, a London-managed driller said. Seadrill Ltd., a deep-water driller Continue Reading
EIA: OPEC oil revenue down nearly 50 percent
Net revenue for members of the Organization of Petroleum Exporting Countries from oil dropped nearly 50 percent year-on-year, U.S. analysis found. Crude oil prices began their descent from $100 per Continue Reading
Oil exports from Iraq’s southern ports up from July
Oil exports from Iraq’s southern ports have averaged 3.205 million barrels per day (bpd) so far in August, exceeding the average level seen in July, two officials from state-run South Continue Reading
Iran’s oil minister defends market share
Iran’s oil minister said Friday he’ll go to an Algerian meeting where producers could move to stabilize prices, but kept his defense of market share. “Revival of Iran’s lost share Continue Reading