Buyers draining American storage points to tighter market Traders awaiting weekly U.S. government count on Wednesday Crude rose in after-hours trading because an oil-industry assessment was said to show a Continue Reading
Expectations that crude oil inventories in the United States, the world’s leading economy, continued to drop and sent oil prices higher in Wednesday trading. Traders are watching the level of Continue Reading
At its core, the swindle is this: The shale industry’s oil production forecasts are vastly overstated. Swindle: Noun – A fraudulent scheme or action. And the swindle is not just Continue Reading
This assessment is based on the data in the 2017 BP Statistical Review of World Energy available here. As such it uses that review’s definition of oil which is crude Continue Reading
Oil and gas analysts at investment banking firm Jefferies raise their 2018 Brent Crude and WTI oil price forecasts. Oil and gas analysts at investment banking firm Jefferies have raised Continue Reading
Unplanned temporary outages such as the Forties Pipeline shutdown are currently supporting oil prices, but as we go into 2018 a lot of those temporary issues will go away and Continue Reading
Buyers draining American storage points to tighter market Traders awaiting weekly U.S. government count on Wednesday Crude rose in after-hours trading because an oil-industry assessment was said to show a Continue Reading
The American Petroleum Institute (API) reported a draw of 5.222 million barrels of United States crude oil inventories for the week ending December 15, marking three large draws in as Continue Reading
Oil prices rose Tuesday, helped in part by the continuing outage of a North Sea pipeline and reports that Russia’s largest oil company could envision continuing production curbs past 2018. Continue Reading
Oil edged up towards $64 a barrel on Tuesday, helped by a North Sea pipeline outage, OPEC-led supply cuts and expectations that U.S. crude inventories had fallen for a fifth Continue Reading
