Oil posts first year of losses since 2015
Oil prices ended with full-year losses for the first time since 2015, after a desultory fourth quarter that saw buyers flee the market over growing worries about a supply glut Continue Reading
Oil Set For First Annual Drop In Three Years
Despite a slight recovery in oil prices on the last day of 2018, benchmarks are set for their first overall annual decline since 2015, Reuters reports , noting since the Continue Reading
$70 Oil Could Be Right Around The Corner
Oil markets have always been cyclical, and now even more so with advanced electronic trading, more speculation (which often results in wider oil price swings) and more producers, including the Continue Reading
Oversupply, faltering growth to weigh on oil prices in 2019: Reuters poll
Crude oil prices look likely to trade below $70 per barrel in 2019 as surplus production, much of it from the United States, and slowing economic growth undermine OPEC-led efforts Continue Reading
Crude oil prices rise after EIA report alleviates buildup concerns
Crude oil prices rose early Monday in the last trading session of the year ahead of the New Year’s holiday, helped in part by reports on Friday by the Energy Continue Reading
OPEC will cut output further if oil prices fail to recover: Algerian energy minister | S&P Global Platts
Algeria’s energy minister said he was confident oil prices will return to between $65 and $70 a barrel by April, but stressed that the OPEC alliance would cut production further Continue Reading
Arab Energy Firms Set To Boost Borrowing After Oil Prices Crashed
Energy companies in the Arab countries in the Persian Gulf may resume issuing more debt and borrowing more money for expansion plans after oil prices plunged by 40 percent from Continue Reading
India’s renewable rush puts coal on the back burner
Indian power companies spent much of the past decade rushing to build coal-fired power plants in anticipation of surging electricity demand as economic growth took off. Now, many of those Continue Reading
Shandong’s Crude Imports Hit New High In December
Shandong’s crude imports hit an all-time high in December, as some independent refiners tried to use up their quotas for 2018. About 12 million metric tonnes of imported crude reached Continue Reading
U.S. October crude oil production sets record high: EIA
U.S. crude oil output hit an all-time high of more than 11.5 million barrels per day in October, according to government data released on Monday. Crude production rose 79,000 bpd Continue Reading