Oil prices will be much more volatile in 2017: IEA
Global oil prices will witness “much more volatility” in 2017 even though markets may rebalance in the first half of the year if output cuts pledged by producers are implemented, Continue Reading
Oil Slips as Market Keeps Watch on Production Pledges
Crude oil prices ended the week lower, with all eyes on the extent to which pledges on production cuts are being met. U.S. crude for February delivery settled down 64 Continue Reading
Oil Caps Worst Week Since November With All Eyes on OPEC Cuts
Oil posted the biggest weekly decline since November as traders await proof that OPEC and other producers are following through on promises to cut production. Futures declined 1.2 percent in Continue Reading
Oil steady as Saudi Arabia says has cut output, but oversupply worries linger
Oil prices were steady on Friday, supported by reports on details of OPEC output cuts, although lingering doubts over producer compliance with supply reduction targets weighed on the market. U.S. Continue Reading
Oil prices dip on doubts over planned crude output cuts
Oil dipped on lingering doubts that crude production cuts would go deep enough to curb a global fuel supply glut, with sentiment worsened by concerns over the health of the Continue Reading
EIA: Brent Prices To Average $53 In 2017
As a result of rising oil prices in December, the U.S. Energy Information Administration has increased its forecast for both Brent and WTI crude oil prices by $2, and now Continue Reading
Oil Ticks Higher on Faith in Production Cuts
Crude oil prices edged upward on Thursday with stronger-than-expected growth in U.S. crude and distillate stocks offset by evidence of supply cuts from major producers including Saudi Arabia. Brent crude, Continue Reading
Oil Holds Biggest Gain in 6 Weeks on Record U.S. Refinery Runs
Oil held gains after advancing the most in almost six weeks as U.S. refiners processed a record amount of crude, while OPEC and other producing nations trim output to stabilize Continue Reading
OPEC deal holding, though look out for U.S. oil
A survey of production data from OPEC shows evidence of a managed decline, but the durability of that trend is a critical question, a survey found. A survey of December Continue Reading
Oil Holds Biggest Gain in 6 Weeks on Record U.S. Refinery Runs
Oil held gains after advancing the most in almost six weeks as U.S. refiners processed a record amount of crude, while OPEC and other producing nations trim output to stabilize Continue Reading