Although current supply and demand fundamentals point to a possible rise in oil prices by the end of 2017, next year’s supply will likely outgrow demand and depress oil prices Continue Reading
The American Petroleum Institute (API) reported a draw of 761,000 barrels in United States crude oil inventories, compared to analyst expectations that inventories would build by 3.422 million barrels for Continue Reading
Oil prices rose on Wednesday, with the Brent benchmark hovering near a 26-month high hit in the previous session, after U.S. oil inventories unexpectedly declined as refiners raised output and Continue Reading
Oil prices gave up some of Monday’s record gains on Tuesday, as investors cashed in on an increasingly bullish market. Brent crude, the global benchmark, was down 0.62%, at $58.07 Continue Reading
Healthy demand growth for fuel not only in emerging economies led by China and India, but also in Europe, is helping global inventories to draw down faster now, keeping the Continue Reading
China and India will account for much of the growth in energy consumption for the next few decades, but the EIA says that energy consumption will also rise sharply in Continue Reading
One of the world’s biggest commodities traders says the “lower for longer” era of low oil prices is nearing an end, as Brent crude approaches a more than two-year high Continue Reading
Turkey says can halt Kurdish exports amid independence vote Supply gap could emerge in market as early as 2018: Citigroup U.S. crude was back in a bull market Tuesday as Continue Reading
U.S. retail gasoline prices may slide back into seasonal declines as the refinery sector moves toward pre- Hurricane Harvey status, market reports show. A federal report shows one refinery in Continue Reading
North American oil producers have pounced on the recent rise in crude prices to lock in sales at current levels, something that could safeguard prospective shale output in the face Continue Reading
