Crude inventories decrease 8.67 million barrels last week: API Libyan output advances to highest level since October 2014 Oil rebounded from the lowest close in more than two weeks after Continue Reading
Oil futures rose on Thursday after slumping to a three-week low the previous session, buoyed by an industry report that showed U.S. crude stockpiles had fallen more than expected. Data Continue Reading
Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing U.S. production which is undermining OPEC-led production cuts aimed at tightening the market. Brent crude Continue Reading
OPEC oil output rose in May, the first monthly increase this year, a Reuters survey found on Wednesday, as higher supply from two OPEC states exempt from a production-cutting deal, Continue Reading
It wasn’t that long ago, 19 years to be precise, when the average oil price was $11.91 per barrel (WTI). Are world conditions such that we could see that price Continue Reading
American drillers boost rig count; stockpiles forecast to fall Output reduction deal helped to stabilize crude market: Putin Oil fell amid doubts that prolonged cuts by OPEC and its allies Continue Reading
Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing U.S. production which is undermining OPEC-led production cuts aimed at tightening the market. Brent crude Continue Reading
Oil futures fell Tuesday, amid persistent doubts about whether OPEC’s decision to extend production cuts last week will be enough to alleviate the global supply glut. U.S. crude futures settled Continue Reading
Inventories may decline faster in the third quarter: Al-Falih U.S. crude stockpiles have dropped seven consecutive weeks Oil slipped in New York as traders awaited further proof that production cuts Continue Reading
U.S. explorers added rigs for 19th week to highest since 2015 OPEC and allies agreed to prolong output curbs for nine months Oil traded below $50 a barrel after OPEC Continue Reading
