Month: October 2016

Russia is capable of substantial production increase: Rosneft Nigeria cuts price of all its crude to boost market share Crude held above $50 a barrel as investors weighed the likelihood Continue Reading

Oil prices were stable on Friday, weighed by a stronger dollar, but supported by signs that physical fuel markets were tightening after two years of ballooning oversupply. The dollar rose Continue Reading

Whiting refinery As yesterday’s exceedingly mixed weekly EIA report is digested, oil prices are unwinding a good deal of yesterday’s knee-jerk rally. As dollar strength further encourages crude lower, hark, Continue Reading

Natural gas prices fell to a two-week low on Thursday, as warm weather and heavy stockpiles continued to weigh on the market. The U.S. Energy Information Administration said natural-gas stockpiles Continue Reading

Oil prices fell on Thursday, unable to sustain the previous day’s rally, as investors cashed in on gains from a larger-than-expected decline in the U.S. crude inventory. U.S. crude for Continue Reading

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

Saudi Arabia’s energy minister Khalid al-Falih spoke at the Oil & Money Conference in London this week, where he offered a robust defense of OPEC’s 2014 decision to not intervene Continue Reading

The NYMEX November natural gas futures contract fell Thursday after the US Energy Information Administration estimated a build to gas storage stocks that was slightly higher than analysts expected. The Continue Reading