Category: Prices

Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in U.S. shale production. For the better part of Continue Reading

Oil exports from Iraq’s southern Basra ports reached a record high of 3.51 million barrels per day (bpd) in December, the oil ministry said on Monday. Iraq’s Oil Minister Jabar Continue Reading

Refinery issues for western U.S. states and higher crude oil prices pushed the national average price for gas to its highest point since June, retail data show. Motor club AAA Continue Reading

Oil fell for the first time in four days as an increase in U.S. drilling activity fanned speculation that OPEC production cuts could revive output in North America. Futures slid Continue Reading

Oil prices fell early on Monday as Iran increased exports undermining efforts by other oil producers to curb a global fuel supply overhang and as U.S. drillers increased activity for Continue Reading

In January 2016, the Islamic Republic of Iran (IR) agreed to scale back its nuclear facilities in exchange for the lifting of economic sanctions. During the sanction years, it had Continue Reading

Oil prices are set to end the week slightly up from where it started, following a few rocky days of trading. After a sharp correction earlier in the week, oil Continue Reading

Oil prices flipped between gains and losses Friday, as investors weighed the prospects for lower production levels against building oil products in storage. Light, sweet crude for February delivery was Continue Reading

Brent oil rose to the highest close in almost 18 months after U.S. government data showed strong job and wage gains while Kuwait and Saudi Arabia signaled they are curbing Continue Reading

Oil started the first week of 2017 with a bang but ended it with a whimper, as the Opec fireworks that dominated the last quarter gave way to the more Continue Reading