Lower Oil Prices Add to High-Yield Bond Woes
With oil prices falling again on Wednesday , signs are pointing to another tough day for high-yield bonds in general, and energy bonds in particular. The most actively traded junk Continue Reading
Oil prices fall for fourth day after U.S. crude stocks rise
Oil prices fell for a fourth session on Wednesday after the U.S. government reported an unexpected increase in crude and gasoline stockpiles, but an increase in refining runs and a Continue Reading
EIA says US West Coast jet fuel imports reach 10-year high
Jet fuel imports to the US West Coast reached their highest level in more than 10 years in the week ended November 10, Energy Information Administration data showed Wednesday. West Continue Reading
Oil prices slide after IEA casts doubt over demand outlook
Oil prices tumbled on Wednesday, continuing Tuesday’s slide after the International Energy Agency cast doubts over the past months’ narrative of tightening fuel markets. A pump jack is seen at Continue Reading
Warmer weather, rising non-OPEC output threaten oil market balance
LONDON (Reuters) – Global oil demand growth looks likely to increase more slowly over the coming months, as warmer temperatures cut consumption, which may tilt the market back into surplus Continue Reading
Oil falls 2 percent on rising U.S. output, global demand concern
Oil prices fell 2 percent on Tuesday, headed for a third straight daily decline, on forecasts for rising U.S. crude output and a gloomier outlook for global demand growth in Continue Reading
Oil Prices Nosedive On Bearish IEA Report
The IEA lowered its demand forecast by 50,000 bpd in 2017 and 190,000 bpd in 2018, raising concerns that the oil market is actually not as healthy as it seems. Continue Reading
Oil Prices Tank After API Reports Strong Build In Crude Inventories
The American Petroleum Institute (API) reported a shocking build of 6.513 million barrels of United States crude oil inventories, against a Wall Street Journal analyst expectation that inventories would draw Continue Reading
Gas prices unseasonably high, but relief coming
Retail gasoline prices continue to put a strain on consumer pocket books late in the season, though relief is around the corner, a market report found. Motor club AAA reports Continue Reading
Oil steady, tempered by caution over rising U.S. output
Oil prices held largely steady on Tuesday as the prospect of further rises in U.S. output offset some of the optimism that OPEC-led production cuts would tighten the balance between Continue Reading