Is The Oil World In Panic Mode?
What’s causing it? Market analysts have been struggling to find a single reason for it, preferring to cite a cocktail of negative news and rumor to explain the downdraft. There Continue Reading
Oil Regains Footing After Saudis Pause Production Surge
Oil prices held steady on Thursday and in early trading on Friday after a top Saudi official said that oil production would remain flat in July compared to June and Continue Reading
Oil strengthens as dollar slips to four-day low
Oil prices rose on Friday as a weakening dollar and lower expected August crude exports from Saudi Arabia supported the market, offsetting concerns about U.S.-China trade tensions and supply increases. Continue Reading
Oil prices rise, but still set for weekly drop on oversupply, trade worries
Crude prices rose on Friday but were still set for a weekly drop on concerns about oversupply and the ongoing trade conflict between the United States and China, the world’s Continue Reading
Oil Prices Rebound As Saudis Expect Reduced Exports In August
Saudi Arabia is expecting a reduction in crude oil exports next month, despite earlier signs that Saudi Arabia—and Russia—have started to raise production even before the June 22 meeting with Continue Reading
U.S. Oil Prices Rise as Saudis Dismiss Supply Concerns
U.S. oil prices rose Thursday after top exporter Saudi Arabia denied having any plans to inundate the market with crude oil to push prices lower, and said instead that its Continue Reading
Big crude oil margins should boost U.S. refiner earnings
NEW YORK (Reuters) – U.S. refiners ran full-tilt in the second quarter, fueled by cheap domestic crude and fat margins that should boost earnings, though their heavy activity could eventually Continue Reading
Oil prices fall on record U.S. output, stock build
Oil prices fell on Thursday after official data showed an unexpected rise in U.S. crude stockpiles, U.S. output hit a record high and major oil exporters increased production. International crude Continue Reading
Oil Prices At Risk Of Economic Downturn
Oil prices have retreated as disrupted supply from Libya has started to come back online, threatening the recent gains in oil prices. But a bigger threat to crude over the Continue Reading
Oil Prices End Higher Despite Rise in U.S. Inventories
Oil prices ended higher for a second straight session Wednesday despite data that showed U.S. inventories of crude oil increased sharply last week. Light, sweet crude for August delivery ended Continue Reading