Oil Edges Down on Oversupply Concerns
Oil futures edged down on Monday, on concerns about major oil producers’ wavering commitment to output caps and ahead of a meeting of the Organization of the Petroleum Exporting Countries. Continue Reading
Oil steady near nine-week highs on fall in U.S. drilling activity
Oil prices held near nine-week highs on Monday, buoyed by robust U.S. jobs data last week and a slight fall in U.S. drilling, although rising output from OPEC capped gains. Continue Reading
Macroeconomic risks for the oil industry: Kemp
The global oil industry now appears to be in the early stages of a cyclical expansion which is likely to see prices rise over the next few years, slowly at Continue Reading
Barclays: Oil Prices To Drop This Quarter
The combination of bullish indicators that boosted oil prices last month are unlikely to last, and the price of oil in the third quarter is expected to drop from current Continue Reading
Oil Rises Ahead of OPEC Meeting
Oil futures pushed higher Friday as investors looked ahead to a planned meeting of the Organization of the Petroleum Exporting Countries next week. U.S. crude futures rose 55 cents, or Continue Reading
Shale Producers Hedge At Much Lower Prices
Shale oil producers are hedging again – this is the latest message coming from investment banks and analytical firms, according to Bloomberg . After hedging largely died down when WTI Continue Reading
Oil dips on high OPEC supplies, defying falling U.S. crude stocks
Oil dipped on Thursday as a rally that has pushed up prices by almost 10 percent since early last week lost momentum despite renewed signs of a gradually tightening U.S. Continue Reading
As Oil Prices Rise, Are Oil Bulls Too Optimistic?
Optimism, at first tentative and in the last week more pronounced, has been taking over oil markets. Short positions on WTI were at a three-month low as of Monday, according Continue Reading
Big Oil Seen Vulnerable to Fresh Slump Despite Growth at $50
Europe’s oil industry is once again generating cash even as crude languishes at half the price of three years ago. Yet companies remain vulnerable to a renewed downturn. The region’s Continue Reading
Oil dips on high OPEC supplies, defying falling U.S. crude stocks
Oil dipped on Thursday as a rally that has pushed up prices by almost 10 percent since early last week lost momentum despite renewed signs of a gradually tightening U.S. Continue Reading