A tanker of gasoline en route to New York Harbor from Europe has been diverted to a Caribbean storage hub because a narrow window of opportunity for shipping profitably to 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
A surprise build in US gasoline stocks last week triggered a sharp sell-off across the oil complex Wednesday, even though weekly US inventory data also showed draws in both crude Continue Reading
Oil dropped more than $2 a barrel after data showed an unexpected rise in US gasoline stockpiles for the first time since February and US crude production hit its highest Continue Reading
Despite prices levelling off and a continued resurgence in American production, bullish predictions on future prices are stacking up as analysts weigh in on where oil is headed. Citigroup Inc. Continue Reading
Global oil inventories are falling because of OPEC and non-OPEC production cuts, but the road to market balance will be long. Production cuts have removed approximately 1.8 million barrels per Continue Reading
Oil prices dipped on Wednesday as bloated U.S. supplies weighed on markets while a fall in Saudi crude exports was offset by rising production in the country. Brent crude futures Continue Reading
Rising production in the two biggest U.S. shale basins and Saudi Arabia’s newly ambiguous stance on the OPEC deal extension have resulted in oil prices falling early this week. (Click Continue Reading
Shale output forecast to climb as drillers add more rigs OPEC’s cutbacks will eventually reduce stockpiles: Citigroup Oil traded at its lowest in more than a week in New York Continue Reading
Oil prices fell on Tuesday on news that U.S. shale oil output was expected to post the biggest monthly rise in more than two years, fuelling concerns that U.S. production Continue Reading
