Oil fell on Tuesday following a series of gloomy predictions on demand growth that suggested the global overhang of unused inventories may persist for much longer than investors anticipate and Continue Reading
Oil markets will remain awash with crude well into 2017, Opec warned on Monday, as the resilience of the US shale industry and new streams of oil production threaten to Continue Reading
Oil prices rose Monday amid a weaker dollar and a report of a sharp drop in stockpiles at the key storage hub of Cushing, Okla. U.S. crude for October delivery Continue Reading
Supply estimates drag oil prices lower early Monday 6 hours ago Crude oil prices continued their downward slide as market watchers took stock Monday of production estimates from countries outside Continue Reading
Speculators boost bets on lower WTI crude prices by 37%: CFTC OPEC, Russia, other producers meet in Algiers on Sept. 26-28 The longer OPEC and other producers talk about a Continue Reading
Oil prices extended declines on Monday amid projections that U.S. data is set to show a big rebound in crude inventories to offset an unexpected slump due to the impact Continue Reading
Crude oil prices: time spent above and below $50 – chart: EnerCom Analytics The current price of oil may feel low given the fading memories of $100 per barrel oil Continue Reading
A sharp slowdown in global oil demand growth, coupled with ballooning inventories and rising supply means the crude market will be oversupplied at least through the first six months of Continue Reading
Faltering Asian demand has weighed on consumption this quarter Market set for fourth year of surplus as Gulf OPEC pumps more The surplus in global oil markets will last for Continue Reading
U.S. crude inventories forecast to rise by 4 million barrels Surplus will persist into late 2017 as demand slows: IEA Oil declined as the International Energy Agency changed its view Continue Reading
