Oil Edges Up as Investors Cash Out After a Weak April – WSJ
Oil prices rebounded on Friday as traders appeared to be closing out a recent raft of bearish bets. April turned out to be a bad month for oil, with stockpiles Continue Reading
Crude Drawdowns Can’t Save Oil Prices
Oil prices got walloped this week on growing concerns that U.S. shale is coming back too quickly, offsetting the progress made by OPEC. Meanwhile, disrupted Libyan production could come back Continue Reading
Oil’s April Rollercoaster Takes It Back to $50 on Supply Dilemma
U.S. crude production expands to highest level since 2015 Novak says Russia implemented full 300,000 barrel-a-day cut After a rally in the first half of April, oil is set to Continue Reading
Hedge funds slash bullish wagers on U.S. crude as prices tumble
Hedge funds slashed bullish bets on U.S. crude oil for the first time in four weeks in the week to April 25, data showed on Friday, as prices fell amid Continue Reading
Oil prices face second weekly loss as oversupply lingers
Oil prices stabilized on Friday but were on track for a second straight weekly loss on concerns that an OPEC-led production cut has failed to significantly tighten an oversupplied market. Continue Reading
Extension of OPEC-led cuts could end oil glut by end-2017: Poll
Supply and demand in the oil market could fall into balance by the end of this year if OPEC and its partners extend their deal to reduce crude output, a Continue Reading
Libya confirms restart of its largest oil field
Libya’s national oil company said there may be long-standing agreements in place to keep the taps open in the company to the tune of 200,000 barrels per day. Crude oil Continue Reading
French major Total impresses with Venezuelan (?) shale
At a time when volatility is an emerging trend in the energy sector, French supermajor Total remains an attractive player, an investment profile read. A floor price for crude oil Continue Reading
Canada oil bets on tech, scale in face of foreign majors’ exodus
As global oil majors pull out of Canada’s oil sands, domestic companies are buying up assets and betting technology and economies of scale will enable them to turn a profit Continue Reading
BP finds hidden trove of oil in Gulf of Mexico
British oil major BP has discovered 200 million barrels of oil in a hidden cache in the Gulf of Mexico, thanks to a technological breakthrough allowing the company to see Continue Reading