U.S. crude falls 1 percent on concerns over rising output
Oil fell more than 1 percent on concerns over rising U.S. production and as equities fell, erasing earlier gains driven in part by the firing of U.S. Secretary of State Continue Reading
Crude oil slips on OECD trade concerns
Crude oil prices drifted lower in early Tuesday trading amid warnings that emerging trade tensions could undermine an otherwise rosy economic outlook. Crude oil prices slipped in Monday trading as Continue Reading
U.S. 2018 oil producer hedging above normal levels: Goldman Sachs
Oil producers in the United States have continued to add to their hedge positions for 2018, which has surpassed the historical averages due to an increase in oil futures prices, Continue Reading
Oil Prices Steady After API Reports Smaller Than Expected Build
The American Petroleum Institute (API) reported a moderate build of 1.156 million barrels of United States crude oil inventories for the week ending March 9, according to the API data. Continue Reading
Uncertainty Grips Oil Markets Ahead Of EIA Report
Conventional oil production still accounts for the vast majority of output around the world. – But going forward, new supply will increasingly come from tight oil (shale), oil sands and Continue Reading
Increased Oil Hedging Hints At Permian Production Boom
Oil hedges have become popular amongst U.S. shale drillers, who have used the financial trick to lock-in higher prices for their raw goods as barrel prices edge higher. The prices Continue Reading
Which Oil Major Has The Best Investment Strategy?
Three major oil firms—two from the United States and one from Europe—indicated over the past couple of weeks how they plan to spend some of their cash in order to Continue Reading
Is OPEC moving the goalposts for its oil market scoreline?
Saudi Arabia’s proposals of new metrics to determine when the oil market is balanced signals a shift in OPEC’s targets for a pact on supply cuts that has almost achieved Continue Reading
Saudi Aramco international listing looks increasingly difficult – sources
Saudi Arabia is increasingly looking to just float oil giant Saudi Aramco locally as plans for an initial public offering (IPO) on an international exchange such as London or New Continue Reading
Mediterranean Gas Bounty Suddenly Seems Within Big Oil’s Reach
Big oil companies are pushing into Mediterranean waters off Israel, Lebanon and Egypt after years of U.S. diplomacy helped break open a political logjam around giant Middle Eastern natural-gas discoveries. Continue Reading