As Oil Prices Falter, Fears Return on BP and Shell Dividends
As they guided Europe’s largest oil companies through the industry’s worst slump in two decades, the bosses of Royal Dutch Shell Plc and BP Plc had a simple message for Continue Reading
Oil Gains as Libyan Crude Drop Offsets What OPEC Curbs Couldn’t
Oil rose after a pipeline halt reduced output in OPEC member Libya, countering concerns that a U.S. surplus shows little sign of diminishing. Libya’s output was said to fall to Continue Reading
Oil rises on Libyan supply disruptions, likely OPEC output cut extension
Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC-led output reduction will be extended into the second half Continue Reading
Oil rises on weak dollar, but bloated supply still weighs
FILE PHOTO: A worker walks past a pump jack on an oil field owned by Bashneft in Bashkortostan, Russia, January 28, 2015. Oil prices rose on Tuesday, supported by a Continue Reading
Oil Wobbles as Looming U.S. Stockpile Gain Keeps Market Nervous
The prospect of a further increase in record U.S. crude stockpiles that have undercut OPEC’s output curbs kept oil investors anxious, with prices stuck near $48 a barrel. Futures in Continue Reading
Oil rises on weak dollar, but bloated supply still weighs
Oil prices rose on Tuesday, supported by a weaker dollar, but crude continued to be weighed down by surging U.S. production and uncertainty over whether an OPEC-led supply cut is Continue Reading
Oil Speculators Can’t Dump Rally Bets Fast Enough Amid Glut
The bullish sentiment following OPEC’s deal is almost all gone. Hedge funds haven’t been so skeptical on rising West Texas Intermediate crude prices since Nov. 29, the day before the Continue Reading
Oil dips as rising US drilling offsets talk of an OPEC-led cut extension
Oil prices dipped on Monday as rising U.S. drilling activity outweighed talks that an OPEC-led production cut initially due to end in mid-2017 may be extended. Prices for front-month Brent Continue Reading
4 Factors Driving Oil Prices This Summer
Uncertainty is dominating today’s oil markets, with production cuts, ballooning inventories and a rising rig count all adding to oil price volatility. And as the summer driving season approaches and Continue Reading
US producers build up sales hedges as oil falls
US independent oil companies have used derivatives to protect much more of their expected revenues against a fall in crude prices than they had a year ago, helping them sustain Continue Reading