Increasing WTI-Brent Spread Points At Higher Crude Prices
Here’s a new indicator for you: It seems that the difference between the price of oil here and abroad is a measure of tightness in the market, with a rising Continue Reading
Oil Prices Fall Despite Iran, Venezuela, Libyan Supply OutagesOil Prices Fall De
The WTI crude and Brent crude benchmarks fell on Thursday, despite multiple production outage fears in major producing countries, either real or prospective, including Venezuela, Libya, and Iran. At 2:40 Continue Reading
Oil Slips as Investors See Easing to OPEC Output Cut
Oil prices eased Thursday amid the stock market’s tumble and growing expectations that the production cut pact that helped sop up a glut of crude could be eased. Brent crude, Continue Reading
Economic, trade concerns drag oil prices lower
European concerns about broad-based economic volatility and fretting over supply-side shocks helped send crude oil prices sharply lower early Thursday. Crude oil prices touched $80 per barrel on Monday after Continue Reading
Here’s what happens if the oil rally turns into an ‘oil shock’
The global oil benchmark flirted with the $80-a-barrel level again on Tuesday, underlining concerns that an unexpectedly strong crude rally could eventually begin to weigh on economic growth. The combination Continue Reading
Rosneft CEO says U.S. withdrawal from Iran deal could harm 5 percent of global oil production
Igor Sechin, chief executive of Russia’s Rosneft, said on Friday that the U.S. decision to quit the nuclear deal with Iran could affect 5 percent of global oil production. View Continue Reading
No easy fix to higher gas prices in United States
Calls to tap into U.S. oil reserves to stave off spikes in retail gas prices make sense only to a point because of refinery limitations, an analyst said. GasBuddy, which Continue Reading
Who’s To Blame For High Gasoline Prices?
As retail gasoline prices rise to $3 per gallon across the United States, gas prices are a hot political topic in Washington once again, with the Democrats hoping to slam Continue Reading
Oil prices drop on expectations OPEC could boost output
Oil prices fell on Thursday on expectations that OPEC members will step up production in the face of worries over supply from both Venezuela and Iran. A surprise build up Continue Reading
Oil falls on shock U.S. stock builds, OPEC supply worries
Oil benchmarks fell on Wednesday after an unexpected build in U.S. crude and gasoline inventories despite strong demand, and as traders weighed a possible increase in OPEC crude output to Continue Reading