Oil Prices Head Lower As Libyan Production Rebounds
Oil prices are heading lower as we jump into the fifth month of the year, amid concerns from a mixed bag of global economic data and increasing exports from Libya. Continue Reading
Oil prices lower on softening China
The steady rise in U.S. exploration and production figures, coupled with a slowing Chinese economy, helped drag crude oil prices lower in early Monday trading. Crude oil prices moved lower Continue Reading
Oil Falls as U.S. Drillers Boost Rigs and Libya Expands Output
U.S. rigs drilling for crude increase for 15th straight week Libya crude output rebounds as Sharara, Feel fields restarted Oil declined as rigs targeting crude in the U.S. rose for Continue Reading
Oil prices inch down on high stocks, weak China factories survey
Oil prices edged lower on Monday, undermined by a weak manufacturers survey out of China, and despite talk that OPEC-led crude oil output cuts could be extended when oil producers Continue Reading
The Return Of Bearishness In Oil Markets
The oil bears are gaining leverage over the bulls as confidence in the stability of crude prices continues to wane. Oil prices traded above $50 per barrel for most of Continue Reading
OPEC Deal Extension Could Be Shorter Than 6 Months
OPEC could extend its crude oil production cut agreement by less than six months – the period that is widely assumed to be the logical continuation of the initial deal, Continue Reading
BLOG: Dream On, OPEC – The US Will Never Act Like A Cartel
OPEC Sec Gen says US is outside the global trend of cutting crude production for the sake of market stability, but in reality, tight oil companies made market-driven cuts before Continue Reading
OPEC Deal Backfires: Saudis Lose Market Share To Iran, Iraq
Since the start of OPEC’s production cuts, oil market analysts and experts have been focusing on how U.S. shale would respond to the relatively higher and stable oil prices, possibly Continue Reading
Libya’s oil output hits 760,000 bpd, highest since 2014: NOC
Libya’s oil production has risen above 760,000 barrels per day (bpd), its highest since December 2014, the National Oil Corporation (NOC) said on Monday. Chairman Mustafa Sanalla said in a Continue Reading
Aramco Cuts Asia Oil Pricing as Saudis Seen Losing Market Share
Saudi Arabia lowers pricing for June crude for sale to Asia State-owned Saudi Aramco raises pricing to all other regions Saudi Arabia, the world’s largest crude exporter, cut pricing for Continue Reading