The U.S. oil industry faces a new oil price war if shale production rebounds next year by rising 1 million bpd compared to this year, Scott Sheffield, chief executive at Continue Reading
At a certain point in its lifecycle, every industry faces its moment of reckoning with growing pressure to transform due to factors such as increasing competition, changing consumer preferences, government Continue Reading
Crude oil futures ticked lower during mid-morning in Asia April 15 on profit-taking, after a bullish report from the US’ Energy Information Administration sent prices hurtling nearly 5% higher overnight, Continue Reading
Oil surged to the highest level in a month — breaking out of a weeks-long holding pattern — as shrinking crude stockpiles in the U.S. supported hopes for a global Continue Reading
Crude oil prices climbed on Wednesday morning after the Energy Information Administration reported crude oil inventories had shed 5.9 million barrels in the week to April 9. This compared with Continue Reading
Oil surged to the highest level in a month — breaking out of a weeks-long holding pattern — as shrinking crude stockpiles in the U.S. supported hopes for a global Continue Reading
Crude oil futures were higher in mid-morning trade in Asia April 14, despite a pause in the Johnson & Johnson vaccine rollout and mixed data from the American Petroleum Institute, Continue Reading
Oil advanced for a third day after the IEA lifted its forecasts for demand and an industry report pointed to another decline in U.S. crude stockpiles. Futures rose 1.6% in New Continue Reading
Highlights OPEC raises 2021 demand outlook US dollar tests three-week lows Libya pay dispute threatens to shutter ports Crude oil futures settled higher April 13 on the back of a Continue Reading
Rising Middle Eastern oil production is making the commodity that comes out of this region cheaper compared to Brent-linked grades, which may lead to a price war, Bloomberg has reported Continue Reading
