Oilfield services provider Baker Hughes Inc, which is being acquired by General Electric Co, said crude oil prices would need to rise by roughly another 15 percent to spur producers Continue Reading
Natural gas prices climbed Thursday after weekly data showed natural gas storage levels remained low despite mild weather. Natural gas for February delivery gained 5 cents, or 1.5%, to settle Continue Reading
Oil prices rose on Thursday, driven up by a weakening dollar, but gains were capped by plentiful supplies and inventories despite an effort by OPEC and other producers to cut Continue Reading
President Donald Trump signed several executive orders this week intended to juice the American energy sector, calling for expedited environmental reviews and the advancement of the Keystone XL and Dakota Continue Reading
Today’s EIA report has left oil prices flat-footed, as crude inventories were in line with consensus, while a(nother) gargantuan build to gasoline stocks has not been enough to drag the Continue Reading
Crude oil prices moved from a bearish to a bullish sentiment on Wednesday as the market faces competing production trends between OPEC and North America. Crude oil prices have moved Continue Reading
Crude supplies to Japan from its biggest supplier Saudi Arabia will not be impacted by last year’s agreement between OPEC and non-OPEC countries to cut output, a senior official of Continue Reading
The world is facing a long-term oil glut as producers scramble to exploit reserves before fossil fuel demand goes into decline, according to a BP assessment that suggests that oil Continue Reading
U.S. crude oil inventories increased by 2.93 million barrels this week, according to this week’s American Petroleum Institute (API) inventory report published on Tuesday afternoon, compounded by larger than expected Continue Reading
Oil prices edged up on Monday, supported by statements from oil producers over the weekend that an output cut was being successfully implemented, but markets were held back by a Continue Reading
