Oil prices fell on Monday as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply. Trading activity will be subdued on Monday due to public holidays Continue Reading
U.S. crude oil prices rose toward $50 per barrel on Tuesday as a strong start to the summer driving season in the United States suggested strong fuel demand in months Continue Reading
OPEC extended oil production cuts last week and oil prices plunged. OPEC’s goal was to keep a floor under current prices but the market expected the cartel to move prices Continue Reading
The oil price crash battered the 2016 earnings of energy firms, but the usual suspects are still there in the rankings of the biggest oil and gas companies this year. Continue Reading
Oil prices fell on Monday as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply. Trading activity will be subdued on Monday due to public holidays 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
Group seen facing market share, revenue growth challenges Backwardation needed to prevent “unbridled” U.S. shale growth As the oil market responds skeptically to OPEC’s output-cut deal , Goldman Sachs Group Continue Reading
Oil prices eased on Monday, with investors disappointed at major producers’ decision to maintain their production cuts at the same level, rather than deepening them. Brent crude, the global oil Continue Reading
The OPEC deal will lead to an ongoing tightening of the crude oil market, putting a floor beneath crude prices in the $50s per barrel in the second half of Continue Reading
Oil prices appear to have recovered from last week’s flash crash following a significant draw in U.S. inventories and bullish rumors surrounding the OPEC deal. (Click to enlarge) (Click to Continue Reading
