Amid growing bearish sentiment towards oil prices, the Energy Information Administration reported a build of 4.1 million barrels in crude oil inventories for the week to January 6, a day Continue Reading
Oil advanced from the lowest level in a month as investors weighed production cuts from Saudi Arabia and other OPEC members against a projected gain in U.S. crude output. Futures Continue Reading
An attendant prepares to refuel a car at a petrol station in Rome January 4, 2012. Oil edged up on Wednesday, lifted by reports of Saudi supply cuts to Asia, Continue Reading
Oil advanced from the lowest level in a month as investors weighed production cuts from Saudi Arabia and other OPEC members against a projected gain in U.S. crude output. Futures Continue Reading
Oil edged up on Wednesday, lifted by reports of Saudi supply cuts to Asia, but prices were prevented from rising further over a lack of detail of these reductions and Continue Reading
Oil markets are showing signs that optimism in crude prices might be reaching its limit as many speculative bets are reversing (Click to enlarge) Chart of the Week (Click to Continue Reading
An OPEC production cut offers oil producers hope for higher prices in 2017. But there is a dark cloud hanging over that expectation. Global storage inventories must be substantially reduced Continue Reading
Big Oil is poised to reap rewards this year as investments made before the crude-price slump pay off just as the recovery starts. Seven of the world’s largest energy companies Continue Reading
Benchmark North Sea Brent crude oil spot prices averaged $53/barrel (b) in December, a $9/b increase from November. This was the first month since July 2015 in which Brent spot Continue Reading
Oil markets edged higher on Tuesday on expectations that at least some planned production cuts would be implemented, making a slight recovery from big losses the previous day over doubts Continue Reading
