Oil prices crept up on Thursday amid ongoing OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, but gains were capped by record U.S. crude output and rising Continue Reading
A day after the American Petroleum Institute once again took markets by surprise by reporting a crude oil inventory build of 7.29 million barrels , the Energy Information Administration said Continue Reading
Brent Crude prices will average in the $60s per barrel this year, the majority of industry experts said in a poll carried out by Gulf Intelligence at the recent IP Continue Reading
Crude oil prices have gone up twenty-seven percent from their Christmas week lows. Many analysts, company representatives, and OPEC officials see them rising further. The 1.2-million-barrels-per-day cut in oil production Continue Reading
Summary of Weekly Petroleum Data for the week ending March 1, 2019 U.S. crude oil refinery inputs averaged 16.0 million barrels per day during the week ending March 1, 2019, Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Wednesday after a larger-than-expected build in weekly US crude inventory data, analysts said. At 9:50 am Singapore time (0150 GMT), Continue Reading
The American Petroleum Institute (API) reported a large surprise draw in crude oil inventory of 7.29 million barrels for the week ending March 1, coming in way over analyst expectations Continue Reading
WTI has been trading in a tight range roughly between $55 and $57 a barrel for the past two weeks, and prices remained hemmed inside that band most of the Continue Reading
Two things to bear in mind when someone tells you they suffer from a problem of perception. First, perception shapes and sometimes outright supplants reality. Second, the complaint comes with Continue Reading
Crude oil futures retreated from recent highs during mid-morning trade in Asia Tuesday as China lowers its economic growth target for 2019. At 10:25 am Singapore time (0949 GMT), ICE Continue Reading
