Oil is set for its first monthly decline since October as signs that U.S. supply is expanding offset OPEC’s production curbs. Futures lost 0.5 percent in New York and are Continue Reading
Brent crude oil prices fell around 5 percent from their early January peak as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in an Continue Reading
Crude prices edged lower Monday as investors weighed growing U.S. output against cutbacks by major oil producers. U.S. crude for March delivery fell 54 cents, or 1%, to $52.63 a Continue Reading
Oil traded near $53 a barrel after drilling in the U.S. climbed to the highest in more than a year, countering OPEC’s efforts to clear a supply glut. Futures were Continue Reading
OPEC appears to have persuaded investors that it’s making good on promised production cuts. Money managers are the most optimistic on West Texas Intermediate oil prices in at least a Continue Reading
Analysts are raising their oil price forecasts for the first time in five months, even as they continue to see a plethora of risks for this market. Members of the Continue Reading
In just thirteen words, a U.S. judge has summed up the problem with almost everything that’s happened since Donald Trump became US President: “I think the government hasn’t had a Continue Reading
A Wall Street Journal survey of 15 investment banks finds cautious optimism among oil watchers. The monthly survey is a good barometer for market sentiment, as shifts in price forecasts Continue Reading
Ten days into his presidency, Donald Trump’s policies and rhetoric have produced a political reaction in Baghdad that could hamper the war against the self-proclaimed Islamic State (IS) group and Continue Reading
An oilfield worker walks next to pipelines at PDVSA’s Jose Antonio Anzoategui industrial complex in the state of Anzoategui, Venezuela, April 15, 2015. REUTERS/Carlos Garcia Rawlins/File Photo PDVSA’s new senior Continue Reading
