Oil’s rebound from its biggest crash in a generation halted after Saudi Arabia said it would boost its production capacity, and the United Arab Emirates joined them in raising supplies. Brent Continue Reading
Oil prices jumped over 8% on Tuesday, bouncing from the biggest rout in nearly 30 years a day earlier, as the possibility of economic stimulus encouraged buying and U.S. producers Continue Reading
The American Petroleum Institute (API) estimated on Tuesday a large crude oil inventory build of 6.407 million barrels for the week ending March 6, compared to analyst expectations of a Continue Reading
Barclays has become the latest bank to revise its oil price outlook for this year. The UK bank cut its forecast for Brent crude to $43 a barrel from $59, Continue Reading
Oil is climbing back up after falling over 25% on Sunday, but will the rally last? – U.S. natural gas production grew by 9.8 billion cubic feet per day (Bcf/d) Continue Reading
ON THE surface, the oil price war disrupting the global economy pits the world’s third-largest producer, Russia, against the second, Saudi Arabia. Make no mistake about it, however: The ultimate loser — and Continue Reading
Crude oil futures recovered slightly in mid-morning trade in Asia Tuesday, after prices plunged Monday, though the outlook for oil remains bleak amid concerns of weakening demand and growing supply. Continue Reading
S&P Global Ratings lowered its 2020 price assumptions for Brent to $40/b and WTI to $35/b and warned of possible rating actions for some producers, particularly in North America, in Continue Reading
Crude futures tumbled more than $10/b Monday as Saudi Arabia slashed official selling prices, extending a selloff that has largely been in place since late January. Receive daily email alerts, Continue Reading
Oil pared some of Tuesday’s rebound as Saudi Arabia and Russia announced large supply boosts, escalating the country’s price feud even as the coronavirus squeezes demand. Brent futures traded near Continue Reading
