Oil tumbled again, dropping to the lowest level since May as the U.S. Federal Reserve signaled it was set to start tapering asset purchases within months, hurting commodities and lifting Continue Reading
In this week’s edition of oil and gas industry hits and misses, Rigzone’s regular market watchers look at the ongoing effect of Covid on the market, oil price predictions, rig Continue Reading
Oil dropped to below $66 a barrel on Thursday, its lowest since May, pressured by concerns about weaker demand as COVID-19 cases rise, a stronger U.S. dollar and a surprise Continue Reading
Oil tumbled again, dropping to the lowest level since May as the U.S. Federal Reserve signaled it was set to start tapering asset purchases within months, hurting commodities and lifting Continue Reading
Oil futures finished a fifth straight session lower Aug. 18 as an unexpected US gasoline build underscored concerns the delta variant spread could limit near-term energy demand growth. NYMEX September Continue Reading
Oil snapped a run of declines as a U.S. industry report pointed to a drop in domestic crude stockpiles. West Texas Intermediate rose 0.5% after a four-day losing run that Continue Reading
US retail gasoline prices reach highest levels since 2014 Critics say solution lies with domestic energy producers Blast administration’s reliance on foreign energy sources President Joe Biden is facing increasing Continue Reading
Oil snapped a run of declines as a U.S. industry report pointed to a drop in domestic crude stockpiles. West Texas Intermediate rose 0.5% after a four-day losing run that Continue Reading
Oil prices steadied on Wednesday after four days of declines with investors still worried about the outlook for fuel demand as the use of rail, air and other forms of Continue Reading
The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 1.163 million barrels for the week ending August 13, bringing the total 2021 crude draw Continue Reading
