Oil prices were little changed in early trade on Thursday, holding most of their gains from the previous session after another fall in U.S. crude inventories which is seen as Continue Reading
There is little doubt that Iraq’s mooted shift to using Dubai crude futures from long-standing price assessor Platts will shake up the trading of Middle East oil, but is it Continue Reading
Oil prices were little changed in early trade on Thursday, holding most of their gains from the previous session after another fall in U.S. crude inventories which is seen as Continue Reading
Oil prices flipped from losses to gains Wednesday as U.S. data showed that supplies of oil and gasoline fell and as investors tried to gauge the impact of a storm Continue Reading
Oil prices are rallying post-EIA report as today’s crude draw was joined by a drop in gasoline inventories. Although waterborne imports were strong last week, OPEC flows to the U.S. Continue Reading
Saudi Arabia IPO of Aramco is expected to make it the world’s largest company by market capitalization. Saudi Arabia’s plan to list Saudi Arabian Oil Co. is sending other Middle Continue Reading
Oil prices fell early on Wednesday, squeezed between concerns of oversupply, sparked by rising Libya output, and fears of reduced future investment in the industry. Brent crude futures, LCOc1 the Continue Reading
Cushing inventories were also down 462,000 barrels, for the week ended August 18. Gasoline inventories rose significantly, up 1.402 million barrels, while distillates were up 2.048 million barrels. At 4:42 Continue Reading
The gap between the two most important oil benchmarks has widened recently, a symptom of the shifting oil supply/demand dynamics between the U.S. and the rest of the world. For Continue Reading
Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States. Brent crude futures, LCOc1 the international benchmark for oil prices, were at Continue Reading
