OPEC boosts oil-demand outlook, yet group’s output increases In the U.S., crude stockpiles have dropped six straight weeks Oil retreated to the lowest level in more than two weeks after Continue Reading
Oil traders are increasingly convinced the market will rebalance over the next year with a major drawdown in crude and products stocks. Conviction about market rebalancing is showing in a Continue Reading
Brent crude futures finally bear the hallmarks of a market in which supply and demand are falling into balance, although the last time this happened, it was 2014 and the Continue Reading
Global oil demand will grow more quickly than expected this year, helping to ease a glut despite rising crude production from North America and weak OPEC compliance with output cuts, Continue Reading
Oil prices rose on Thursday, lifted by a sustained decline in inventories and as Saudi Arabia prepared to cut crude supplies to its prized Asian customers. Crude is down nearly Continue Reading
Oil investors have grown more optimistic as of late, as oil prices have moved back to $50 per barrel. The market appears to be on sounder footing, suggesting that things Continue Reading
Crude oil prices were on solid black territory in early Wednesday trading as geopolitical tensions escalated between the United States and North Korea . Crude oil prices drifted into negative Continue Reading
U.S. shale producers need a WTI oil price around $50 per barrel to break even, according to an analysis of financial statements for the second quarter. Fifteen of the largest Continue Reading
Crude futures fell for a third day on Wednesday despite a bigger than expected drop in U.S. oil inventories reported by an industry group, with doubts lingering over OPEC’s ability Continue Reading
Crude oil prices move into negative territory early Monday as some market analysts say they’re seeing a ceiling start to emerge over the recent rally. File photo by Monika Graff/UPI Continue Reading
