The Next Oil Price Spike May Cripple The Industry
Two diametrically opposed views dominate the current debate about where the oil price is heading. On the one hand, there is the view that the price of oil will be Continue Reading
In Breakaway Move From Saudis, Iraq May Change Oil Pricing
In a bid to increase oil revenues and possibly setting the stage for its own benchmark crude grade, Iraq has told customers it may change the way it prices Basra Continue Reading
Oil stable as market conditions tighten despite rising U.S. output
Oil markets were stable early on Monday, holding on to Friday’s big gains even though rising U.S. output weighed on hopes the market will tighten with crude inventories down 13 Continue Reading
Oil Prices Lag In Spite Of Strong Inventory Draws
-Global crude oil inventories are drawing rapidly. US crude supplies have dropped from 536m on in late March to 466m (a 20-month low) as of last week implying average daily Continue Reading
Crude Market Shows Enduring Strength Beyond Seasonal Peak
WTI barrels surge to levels not seen in more than a year Middle East, Latin American crudes also trading strongly The market for physical barrels of crude from places as Continue Reading
Oil Prices Climb As Oil Rig Count Drops
The number of active oil and gas rigs in the United States fell this week by 3 rigs as drillers in the United States proceed more cautiously as oil prices Continue Reading
Oil Prices Boosted By String Of Bullish News
Oil prices fell significantly this week, although they regained some ground on Friday. Reports of weak Chinese demand deflated the market, but a rather bullish EIA report, a weaker U.S. Continue Reading
Oil nudges higher on tightening supplies, weak dollar
Oil prices edged higher on Friday, with investors offered some encouragement from data hinting that oversupply was easing steadily and a weaker dollar. But prices were still on track to Continue Reading
Oil edges up on decline in crude stocks, but high production caps gains
Oil prices edged up early on Thursday, clawing back some ground after losses in the previous session. Traders said the market was range-bound as falling crude inventories provided price support Continue Reading
Oil Falls as Production Increase Outweighs Stockpile Decline
Oil prices fell to a three week low Wednesday as data showing an increase in U.S. oil production outweighed the largest weekly decline in oil stockpiles this year. U.S. crude Continue Reading