American output has longest run of gains in more than 4 years Commodities tumble amid concern Chinese consumption to weaken The oil rally following OPEC’s deal has disappeared. Futures on Continue Reading
Crude oil lost ground on Thursday, falling for a third out of four sessions and trading near its lowest since late March after data showed a lower than expected decline Continue Reading
OPEC deepens production cuts in April vs March, survey shows Oil rebounded from a six-week low after a U.S. industry report signaled a supply overhang in the world’s biggest consumer Continue Reading
Efficiency and costs are the two magic words of the oil industry today. While just a few years ago the top priority was production growth, followed by more production growth, Continue Reading
U.S. crude stockpiles fell 4.16 million barrels last week: API OPEC deepens production cuts in April vs March, survey shows Oil rebounded from a six-week low after a U.S. industry Continue Reading
Crude oil prices bounced back on Wednesday as a decline in U.S. inventories underpinned the market, although a dip in compliance with OPEC efforts to reduce output and near record Continue Reading
Oil prices fell on Monday and Tuesday as hedge funds and money managers have started to cut bullish positions in oil in a reaction to quickly growing supply (Click to Continue Reading
Oil prices took some of their biggest losses of the year Tuesday, with concerns about rebounding output from Libya and rising production in the U.S. pushing prices to new lows. Continue Reading
U.S. crude oil inventories have finally started to decline, a potentially momentous turning point in the three-year market downturn. Oil storage levels have been climbing relentlessly since the end of Continue Reading
Crude stocks likely fell a 4th week as fuels rose: survey OPEC is sure to roll over cuts at May meeting: FGE’s Fesharaki Oil rose from its lowest close in Continue Reading
