Oil prices rose on Tuesday, lifted by healthy economic growth as well as the ongoing supply curtailments by a group of exporters including OPEC and Russia. Brent crude futures LCOc1 Continue Reading
Investment approvals in 2017 more than doubled 2015-2016 count There are still 104 big projects awating approval, Rystad says The global oil industry’s backlog of big drilling projects is starting Continue Reading
OPEC met over the weekend to monitor the collective production cuts and assess the status of the oil market, and the meeting was shrouded in rumor about the potential cracks Continue Reading
Crude futures edged higher on Monday, propped up by comments from Saudi Arabia that cooperation between oil producers who have cut production to boost prices would continue beyond 2018. Strong Continue Reading
The International Energy Agency (IEA) acknowledged in its latest Oil Market Report that the recent rally in oil prices came on the heels of significant tightening, but that the supply Continue Reading
Oil futures fell 1% in Asian trading on Friday, extending a late-day selloff in the U.S. amid concerns about rising oil production. Data on Thursday showed average daily U.S. output Continue Reading
Oil prices accumulated a more than 1-percent decline this week, pressured by U.S. production growth, despite the variety of bullish demand forecasts and data about tightening global supply. A record-high Continue Reading
Oil prices slid 1 percent on Friday and were on track for the biggest weekly falls since October despite hitting three-year highs earlier this week as concerns over growing U.S. Continue Reading
Even if oil consumption reaches a peak and then starts to fall, the world will still need large quantities of oil for many decades to come. “Global oil demand is Continue Reading
Growth in U.S. shale oil production is renewing supply-side concerns and sending crude oil prices into negative territory. File photo by Brian Kersey/UPI Jan. 19 (UPI) — Oil prices pulled Continue Reading
