Oil Markets On Edge As Libya Brings Back 250,000 Bpd
Crude oil production at the Sharara field in western Libya – the country’s biggest – has resumed, an anonymous source told Reuters , and the force majeure that the National Continue Reading
Oil Holds Above $50 as OPEC Optimism Weighed Against U.S. Supply
Oil is holding near $50 a barrel as optimism spurred by OPEC’s output cuts confronts pessimism over rising U.S. supply. Futures in New York were little changed after rising 5.5 Continue Reading
Hedge funds square up most of their former record bullish position in oil: Kemp
Hedge funds have continued liquidating their large bullish position in crude amid doubts about the pace and timing of any rebalancing in the oil market. Hedge funds’ net position in Continue Reading
Oil could turn south again to the low $40s,
Several factors are conspiring to keep a lid on oil — and could even send prices sharply lower, analyst John Kilduff told CNBC on Monday. A recent rally — nearly Continue Reading
Oil Holds Above $50 as OPEC Optimism Weighed Against U.S. Supply
Oil is holding near $50 a barrel as optimism spurred by OPEC’s output cuts confronts pessimism over rising U.S. supply. Futures in New York were little changed after rising 5.5 Continue Reading
Oil Rises, Seeing Best Week Since Autumn
U.S. oil prices rose Friday, completing their biggest weekly gains in four months as traders and analysts say the market may have hit a turning point that puts oversupply into Continue Reading
U.S. natural gas prices rise to limit summer power burn:
The U.S. gas market is looking a little tight despite another record warm winter that limited heating demand. Growing structural consumption from electric power producers as well as increasing exports Continue Reading
Oil retreats, set to become worst-performing asset in first quarter
Oil prices fell on Friday after a three-day rally ran out of steam, promising to notch up the oil market’s worst-performing quarter since 2015 as investors fret that growing U.S. Continue Reading
Oil’s Central Bank To The Rescue!
WTI rallied back into $50 territory this week with help from positive OPEC speak regarding an output cut renewal, production outages in Libya, Iraq and Canada and compliance levels on Continue Reading
Cash-strapped Venezuela negotiating Russian help to pay PDVSA bonds: sources
Venezuela is negotiating financial help from Russian oil major Rosneft to complete nearly $3 billion in PDVSA debt payments coming due to bondholders next month, two market sources and a Continue Reading