Oil Prices Edge Up Amid Pipeline Outage
A general view of the entrance to the Forties Pipeline System installation in Scotland. U.S. oil prices rose and the global benchmark fell Friday, as prices were supported by a Continue Reading
Oil hovers below two-year highs with focus on U.S. output
Oil prices were mixed on Friday, lingering below two-year highs as the continuing outage of a North Sea pipeline gave support, while climbing U.S. output and weak gasoline demand kept Continue Reading
The Biggest Voices in Oil Disagree About 2018
OPEC data point to rebalancing in 2018; IEA says otherwise Their conflicting views reflect differences on U.S. shale oil The two most critical forecasts of global oil markets offer contrasting Continue Reading
IEA Dashes Bullish Sentiment In Oil
Oil prices fell back from their highs earlier this week after the Forties outage, as the IEA dashed hopes of continued bullish momentum when it reported that the global supply Continue Reading
Oil prices rise on North Sea pipeline outage, but growing US output looms
Oil prices moved up on Friday, lifted by the Forties pipeline outage in the North Sea and ongoing OPEC-led production cuts, although rising output from the United States kept a Continue Reading
Oil prices up slightly on pipeline outage support
Oil prices rose almost 1 percent on Thursday after a pipeline outage in Britain continued to support prices despite data expecting a global crude surplus in the beginning of next Continue Reading
Key Pipeline Closure Amplifies OPEC’s Efforts
But this time, it’s not the usual suspects of Libya, Nigeria, or Iraq. It’s a shutdown of a major oil pipeline in the North Sea, which is expected to last Continue Reading
Oil prices up on lower U.S. crude stocks, but growing output caps gains
Oil markets rose on Thursday, lifted by a fourth straight weekly fall in U.S. crude inventories, though climbing output capped prices well below the 2015 highs reached earlier this week. Continue Reading
Oil prices hold steady on competitive data, North Sea outage
Oil prices waded into positive territory early Wednesday on word that OPEC was producing less and a key North Sea pipeline network was staying closed for now. Ineos, which operates Continue Reading
Oil slips as U.S. gasoline stock build overshadows crude draw
Oil prices slipped for a second straight day on Wednesday, as a slump in U.S. crude stockpiles was offset by a larger-than-forecast rise in gasoline inventories and as U.S. crude Continue Reading