Oil prices rose on Thursday after U.S. crude and gasoline stockpiles fell, but worries over whether OPEC-led output cuts would be able to rein in a three-year glut continued to Continue Reading
A worker fills a tank with subsidized fuel at a fuel station in Jakarta April 18, 2013. Oil prices held around multi-month lows in early Asian trading on Wednesday as Continue Reading
Oil prices have cratered in recent weeks, dipping to their lowest levels in more than seven months and any sense of optimism has almost entirely disappeared. All signs point to Continue Reading
Many U.S. shale drillers have said that they have full-proofed their operations for $40 oil, having lowered breakeven prices substantially over the last few years. They may soon have to Continue Reading
Many U.S. shale drillers have said that they have full-proofed their operations for $40 oil, having lowered breakeven prices substantially over the last few years. They may soon have to Continue Reading
Oil prices held around multi-month lows in early Asian trading on Wednesday as investors discounted evidence of strong compliance by OPEC and non-OPEC oil producers with a deal to cut Continue Reading
U.S. shale production has investors, traders pulling back Faith in OPEC’s ability to drain glut with cuts is receding Shale producers risk drowning in their own surplus — again. On Continue Reading
The American Petroleum Institute (API) reported a draw of 2.72 million barrels in United States crude oil inventories, compared to analyst expectations that the EIA would report a 2.0-million barrel Continue Reading
Oil has entered a new bear market, with prices falling to their lowest level this year as rising supplies threaten to derail an effort by some of the world’s biggest Continue Reading
Oil prices are back in bear-market territory, frustrating OPEC members that cut production in an attempt to boost prices and renewing fears that falling prices could spill into stocks and Continue Reading
