Oil prices were little changed on Monday following a steep fall in the previous session amid growing expectations that the joint OPEC and non-OPEC ministerial meeting later in the day Continue Reading
Limiting oil output from Nigeria and Libya won’t be on the agenda when OPEC and other producers meet on Monday, with both African nations saying they’ll need to keep pumping Continue Reading
U.S. investors are driving down the price of oil by shoveling too much money into American shale companies, the chief executive of Schlumberger Ltd., the world’s largest oil-field service firm, Continue Reading
OPEC output set to exceed 33 million b/d: Petro-Logistics OPEC, Russia seen standing pat on output deal as glut persists Oil dropped the most in two weeks as a report Continue Reading
The price for Brent crude oil loses sight of $50 per barrel as nerves set in ahead of next week’s OPEC-led monitoring committee. File photo by Monika Graff/UPI July 21 Continue Reading
Hedge funds and money managers raised their bullish wagers on U.S. crude for a third straight week, data showed on Friday, amid signs that oversupply in the United States may Continue Reading
Despite the oil industry being arguably the most vital and influential sector in the world, the average member of the public knows relatively little about its inner workings. Oil prices Continue Reading
Oil prices held steady on Thursday following solid gains the previous day when falling U.S. fuel inventories lifted the market. However, Brent crude oil prices remain below the key $50 Continue Reading
Despite U.S. oil stocks falling 7.6 million barrels, the biggest drop since September, a recent Financial Times article reports, quoting U.S. Energy Information Administration data, that the oil price is Continue Reading
The most recent report on the U.S. oil market offers a mix of data, providing ammunition for both oil bulls and bears alike. One can find whatever they want in Continue Reading
