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Month: May 2017

Category:
  • Prices

Hedge funds cut bullish U.S. crude bets for second straight week

A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. Hedge funds cut bullish bets on U.S. crude for the second straight week, data showed on Friday, Continue Reading

Posted On : 6 May 2017 Published By : Tom Whipple
Category:
  • Prices

Oil eases, near weakest since late March on small U.S. stocks decline

Crude oil lost ground on Thursday, falling for a third out of four sessions and trading near its lowest since late March after data showed a lower than expected decline Continue Reading

Posted On : 6 May 2017 Published By : Tom Whipple
Category:
  • Prices

OPEC, non-OPEC see need to extend supply-cut pact: Saudi governor

OPEC and other countries that agreed to cut crude production are converging on the need to extend the pact beyond June to help clear a supply glut, Saudi Arabia’s OPEC Continue Reading

Posted On : 6 May 2017 Published By : Tom Whipple
Category:
  • Iran

Iran Will Go Along With What OPEC Decides on Extending Oil Cuts

Oil exports now at about 2.5 million barrels a day: Zanganeh Oil minister says he expects oil to trade at $55 a barrel Iran will go along with whatever decision Continue Reading

Posted On : 6 May 2017 Published By : Tom Whipple
Category:
  • Nigeria

Nigeria: No Pipeline Vandalism Recorded in Three Months – Nigerian Govt

The Nigerian government, Wednesday, said it has witnessed no pipeline vandalism arising from militant activities in the Niger Delta in the past three months. The Minister of State for Petroleum Continue Reading

Posted On : 6 May 2017 Published By : Tom Whipple
Category:
  • Venezuela

Venezuela Is Starving

Maria Planchart has had to go through trash to find food for her one-year-old son, Jean Pierre. She is among a growing number of Venezuelans suffering from hunger and malnutrition. Continue Reading

Posted On : 6 May 2017 Published By : Tom Whipple
Category:
  • Venezuela

Venezuela unrest death toll rises, Chavez statue destroyed

Volunteers, members of a primary care response team, walk together as demonstrators clash with police during a rally against Venezuela’s President Nicolas Maduro in Caracas, Venezuela. A 20-year-old Venezuelan protester Continue Reading

Posted On : 6 May 2017 Published By : Tom Whipple
Category:
  • Shale Oil

U.S. drillers add oil rigs for 16th week in a row: Baker Hughes

The Elevation Resources drilling rig is shown at the Permian Basin drilling site in Andrews County, Texas, U.S. on May 16, 2016. U.S. energy firms added oil rigs for a Continue Reading

Posted On : 6 May 2017 Published By : Tom Whipple
Category:
  • Canada

Oil-rich Alberta lands energy agreement with Japan

A deal with a Japanese oil and gas company was among agreements reached during a recent trade visit to Asia, the provincial leader of Alberta said. Alberta Premier Rachel Notley Continue Reading

Posted On : 6 May 2017 Published By : Tom Whipple
Category:
  • USA

US jobless rate falls to lowest level in 10 years

The pace of US jobs growth bounced back last month while the unemployment rate dipped to its lowest level since 2007, supporting the Federal Reserve’s view that the economy’s choppy Continue Reading

Posted On : 6 May 2017 Published By : Tom Whipple

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