Oil toils after worst month in a decade
Oil toiled at a more than one-year low after its worst month in a decade on Friday, while most major markets were keeping moves tight ahead of a weekend meeting Continue Reading
Oil falls as high inventories outweigh likely OPEC cuts
Oil prices slipped further on Friday as swelling inventories depressed sentiment despite widespread expectations that OPEC and Russia would agree some form of production cut next week. Both international oil Continue Reading
Oil Prices Rally As Russia May Be Joining The Cuts
Just a few hours after WTI Crude dipped below $50 , oil prices wiped out losses and started climbing on Thursday after reports that Russia has conceded that it needs Continue Reading
Falling Oil Prices May Make Trump Happy but They Pose Risks for U.S.
Oil prices have plunged by about 25 percent in the last month while the cost of gasoline has tumbled to as little as $2 a gallon in several states. President Continue Reading
Russia: Production Cuts Are Needed To Stabilize Oil Markets
Russia has started to concede that it needs to join a fresh Saudi-led oil production cut, but is still bargaining with its key partner in OPEC over how much, how Continue Reading
Crude oil futures higher amid mild bargain hunting, OPEC talk
Crude oil futures were higher during mid-morning trade in Asia Thursday, after falling more than $1/b overnight, on mild bargain hunting and comments by producer countries ahead of the OPEC/non-OPEC Continue Reading
Crude Oil Slides Below $50 for First Time in Over a Year
This came after oil prices fell sharply Wednesday after data showed U.S. crude-oil inventories rose for a 10th straight week. An oil field near Bakersfield. Photo: lucy nicholson/Reuters Oil-market participants Continue Reading
Oil prices firm ahead of G20 meeting, but rising supply curbs gains
Oil prices edged up on Thursday on optimism that trade talks at the upcoming G20 meeting could help the global economy and improve demand, but gains were curbed after U.S. Continue Reading
Oil falls below $60/bbl after 10th straight U.S. crude build
Oil fell below $60 per barrel on Wednesday after U.S. crude inventories rose for the 10th straight week amid concerns about excess global supply. Prices, however, rose from the day’s Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending November 23, 2018 U.S. crude oil refinery inputs averaged 17.6 million barrels per day during the week ending November 23, 2018, Continue Reading