Oil prices moved higher early Tuesday morning as threats to Libyan security balanced against reports that U.S. oil production gains could slow momentum. NATO allies expressed concern that fighting in Continue Reading
Steady crude oil prices kept U.S. retail gasoline prices in check, though some regions posted major swings on the back of refinery issues, AAA reported. AAA listed a national average Continue Reading
Oil industry costs are notoriously pro-cyclical, which is one of the main reasons for the pattern of boom and bust that has afflicted in the industry from the beginning. The Continue Reading
Doug Lawler, chief at shale gas forerunner Chesapeake Corp., tells CERAWeek audience the commodity price downturn forced independent upstream companies to become stronger. The dramatic price downturn that bankrupted more Continue Reading
Oil fell in New York as clashes between armed factions in Libya curbed crude output, while U.S. drilling increased. Futures slipped 0.2 percent. Libyan production dropped after clashes forced two Continue Reading
The oil market’s failure to break out of the tightest range in more than a decade is sapping investor interest. After hitting a record high last week, hedge funds reduced Continue Reading
Workers look at a drilling rig of the Rosneft-owned Prirazlomnoye oil field outside Nefteyugansk, Russia, August 4, 2016. Oil prices slipped in Asian trade on Monday, wiping out some of Continue Reading
Oil prices edged lower Monday, as investors continued to weigh OPEC’s production cuts against rising production in the U.S. U.S. crude futures fell 13 cents, or 0.24%, to $53.20 a Continue Reading
Oil majors have long been passive watchers of the pump war between OPEC and U.S. shale producers, but not any more. Majors were unable to grow output for the past Continue Reading
Oil prices slipped in Asian trade on Monday, wiping out some of the gains of the previous session amid ongoing concern over Russia’s compliance with a global deal to cut Continue Reading
