Bank Of America: Expect $30 Oil
Oil prices hit on Tuesday their lowest levels since mid-November last year, with WTI entering a bear market , and analysts now see the price of oil sliding further down Continue Reading
Have Natural Gas Prices Hit A Bottom?
Natural gas prices are falling, and the speculators have cut their U.S. natural gas net long positions for the fourth straight week. Does this indicate further weakness, or is this Continue Reading
Rampaging Oil Bears Are Missing Half the Picture
It’s official—oil is in a bear market following Tuesday’s 2% fall, taking prices 21% below late-winter highs. The Organization of the Petroleum Exporting Countries’ high hopes for crude have been Continue Reading
Oil Trades Near $45 as U.S. Continues Drilling Expansion
Rigs targeting crude in America climb for a 22nd straight week Demand to rise during third quarter, United Arab Emirates says Oil traded near $45 a barrel following a fourth Continue Reading
Oil Turns Lower as Inventory Glut Continues to Pressure Market
Oil prices turned lower Monday, failing to hold on to earlier gains as the stubborn glut of oil in storage continued to weigh on the market. U.S. crude futures settled Continue Reading
Three Years On, Oil Industry Comes to Terms With Cheap Crude
Three years after the price of crude began its rapid descent, the oil industry and investors are finally resigned to the idea of lower prices for longer, potentially ending a Continue Reading
Analyst: Expect $30 Oil In 2018 Unless OPEC Deepens Cuts
Oil prices could plunge to US$30 a barrel in 2018 and maintain that low price for some two years, if OPEC fails to make steeper output cuts, Fereidun Fesharaki, chairman Continue Reading
Oil Markets Unmoved By Brewing Conflict In The Middle East
The political standoff in the Middle East between Qatar and other powers in the Middle East enters its third week, and the conflict shows no signs of abating. On June Continue Reading
Oil prices fall on further rise in U.S. drilling, signs of slowing demand
Oil prices fell early on Monday, weighed down by high supplies despite an OPEC-led initiative to cut production to tighten the market. Signs of faltering demand stoked weak sentiment, prompting Continue Reading
Oil Trades Near $45 as U.S. Continues Drilling Expansion
Rigs targeting crude in America climb for a 22nd straight week Demand to rise during third quarter, United Arab Emirates says Oil traded near $45 a barrel following a fourth Continue Reading