Category: Prices

Oil prices fell fast on Friday afternoon as traders see the rising rig count as yet another sign that the markets are still grossly oversupplied. (Click to enlarge) Friday, April Continue Reading

Oil was set for the biggest weekly drop in a month as market confidence in Opec’s ability to overpower a resurgent US shale industry wavered. US benchmark West Texas Intermediate Continue Reading

This is the second of a three-part look at why oil prices have failed to rally despite OPEC’s best efforts at managing supply cuts. Read part 1 here . So, Continue Reading

A number of news media pieces have recently suggested that oil prices may fall due to soaring output in the US. Output from US light tight oil (LTO) may not Continue Reading

 Oil prices regained some ground on Thursday after steep losses the previous day, with a slight drop in U.S. crude inventories stoking hopes that a push to rein in global Continue Reading

Oil prices could fall again by the end of the year due to a rapid increase in U.S. shale production, the chief executive of French oil and gas giant Total Continue Reading

Oil opened the last day of a choppy trading week on a cautious note over doubts that an OPEC-led production cut was having the desired effect of restoring balance to Continue Reading

Bank says recent selloff in prices driven by technical reasons Goldman sees pace of U.S. inventory declines as encouraging Goldman Sachs Group Inc. says there’s no fundamental evidence in the Continue Reading

OPEC supply management yet to work as producer group intended Brent is benchmark for more than half the world’s crude oil The Brent physical oil market is flashing signs of Continue Reading