Platts revamps Brent oil benchmark for first time in a decade
FILE PHOTO: An oil pump jack can be seen in Cisco, Texas, August 23, 2015. Oil pricing agency S&P Global Platts is making the first major overhaul of its Brent Continue Reading
Oil edges up, but U.S. drilling drags on prices
Oil prices rose on Monday, but gains were minimal as investors gauged whether an increase in U.S. drilling and record stockpiles would undermine efforts by producers to cut output and Continue Reading
Oil Hovers in Tight Trading Range Amid Global Supply Tug-of-War
Oil held above $53 a barrel, after spending last week in the smallest trading range in 13 years, as investors weighed rising U.S. drilling activity against OPEC production cuts. Futures Continue Reading
Oil Slips as U.S. Crude Stocks Rise
Crude futures eased on Friday, caught between larger-than-expected growth in U.S. crude stocks and reports that the Organization of the Petroleum Exporting Countries could consider extending its production cuts beyond Continue Reading
Oil firms as OPEC floats extended output cut; markets still bloated
Oil prices edged up on Friday, lifted by a report that producer club OPEC could extend an output cut aimed at reining in a global fuel supply overhang. Brent crude Continue Reading
Something Has Got To Give In Oil Markets
Oil wrestled with positive fundamental expectations and bearish present circumstances this week to remain glued to the $53 mark. In the present, stress of record high crude oil and gasoline Continue Reading
Only Crisis Or Cuts Will Move Oil Markets
Despite hints from OPEC that the cartel would be extending its production cut deal, oil prices fell slightly this week. Oil continues to trade within a range with volatility falling Continue Reading
Oil Slips as U.S. Crude Stocks Rise
Crude futures eased on Friday, caught between larger-than-expected growth in U.S. crude stocks and reports that the Organization of the Petroleum Exporting Countries could consider extending its production cuts beyond Continue Reading
Record High Oil Inventories Crush Hopes For $70 Oil
Another week brings yet more signs that the highly-anticipated oil market “balance” will not occur in the immediate future. Heading into 2017, there was a broad consensus that global oil Continue Reading
Oil Gains on Possible Extension to Production Cuts
U.S. oil prices edged higher Thursday as growing U.S. inventories were offset by reports that the Organization of the Petroleum Exporting Countries was prepared to consider extending supply cuts. Light, Continue Reading