Oil Prices Rally In Spite Of Rising Rig Count
The number of active oil and gas rigs in the United States increased by eight sites this past week, which marked the return of modest growth in American drilling activity, Continue Reading
Oil Snaps Four-Day Losing Streak
Oil prices snapped a four-day losing streak Friday following a report of more muted than expected hiring in August but were still down from the beginning of the week amid Continue Reading
Oil prices jump on rumors and labor numbers
Crude oil prices moved sharply higher in early Friday trading as investors reacted to data less Crude oil prices jumped in early Friday trading on renewed speculation about production moves Continue Reading
Expert Commentary: Traders Turn A Blind Eye To OPEC Rumors
WTI fell from $47 to under $43.40 through Thursday this week with help from a strong USD, growing fatigue among market participants about OPEC’s production ceiling talk and, of course, Continue Reading
OPEC Output Rises to Record Before Talks With Russia on Freeze
Gains in Iraq, Iran, Kuwait counter Nigeria losses: survey Saudi Arabia pumps at all-time peak of 10.69 million b/d OPEC’s crude production climbed to a record last month as increased Continue Reading
Iran planning more oil drilling
One of the first oil fields likely on tap for post-sanctions contracts in Iran is on schedule for further exploration and production work, a director said. SHANA, the Iranian oil Continue Reading
Venezuela’s Oil Output Set To Collapse As 1 Million Take To The Streets
Hundreds of thousands of protesters took to the streets in Caracas on September 1, demanding the removal of Venezuelan President Nicolas Maduro. Estimates peg the number of protesters at about Continue Reading
Rare Peek at China’s Emergency Oil Reserve Data Shows 22.5% Gain
Strategic reserves grew to 234 million barrels in early 2016 Second government update on strategic storage data in 9 months China reported it added about 43 million barrels of crude Continue Reading
U.S., China Agree on Implementing Paris Climate Change Pact
U.S. President Barack Obama and Chinese President Xi Jinping on Saturday outlined new plans for expanding their joint efforts on climate change, showcasing one of the few areas of agreement Continue Reading
Enbridge: North Dakota oil output too low for pipeline
North Dakota crude oil production is too low to support the development of the planned east-bound Sandpiper pipeline, Enbridge Energy announced. “Enbridge Energy Partners has completed a review of Sandpiper Continue Reading