Brent oil falls by $1 but demand underpins near $70/barrel
Brent crude oil shed some of its recent gains by falling just over $1 a barrel on Tuesday but healthy demand underpinned prices near $70, a level not seen since Continue Reading
Oil Trades Near Three-Year High as Iraq Joins Call to Keep Cuts
OPEC-led production cuts contribute to market stability: Iraq U.S. drillers boost rig count by most in more than six months Oil traded near the highest close in more than three Continue Reading
Survey Finds N. America Respondents Bearish on Oil Price Predictions
A recent Rigzone survey reveals the outlook of North America respondents. Rigzone recently released results from its global survey exploring the oil and gas industry outlook for 2018 and almost Continue Reading
Oil hovers below $70 highs, clouded by rise in U.S. output
Oil hovered below a three-year high near $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, but analysts warned of “red flags” Continue Reading
Oil Trades Near Three-Year High as Iraq Joins Call to Keep Cuts
OPEC-led production cuts contribute to market stability: Iraq U.S. drillers boost rig count by most in more than six months Oil traded near the highest close in more than three Continue Reading
Can The Oil Price Rally Continue?
Oil prices took a breather in early trading on Friday, raising questions over what will happen next. Can the rally continue, pushing Brent well into the $70s? Or will prices Continue Reading
IEA: $65-70 Oil Could Cause Surge In U.S. Shale Production
Oil producers may be enjoying oil prices at $65 to $70, but these price levels are likely to encourage even more oversupply from U.S. shale, Fatih Birol, the Executive Director Continue Reading
Oil adds to rally, heads for fourth week of gains
Oil prices rose for a sixth day on Friday after Russia’s oil minister said that global crude supplies were “not balanced yet,” alleviating market concerns about a wind-down of the Continue Reading
Crude Posts Weekly Gain After Bullish Run-Up to $70 a Barrel
WTI up 4.7% this week even as U.S. oil rig count rises by 10 Brent, WTI closed with biggest weekly gains since October Crude ended the week with a gain Continue Reading
Is $70 The Ceiling For Oil Prices?
Oil prices hit $70 per barrel for the first time in more than three years on Thursday. The last time Brent traded that high, prices were falling off a cliff Continue Reading