Expert Commentary: Why Oil Is Struggling To Hit $60
WTI traded in a $52.11 – $55.25 range this week driven by sharp moves in currencies, updates related to good and bad behavior on production cuts from OPEC and non Continue Reading
Gas prices last year were the lowest in 12 years
A federal survey of retail gasoline prices in the United States in 2016 found consumers paid the lowest average price at the pump last year in 12 years. The U.S. Continue Reading
U.S. Rig Count Rises To Highest Point In 1 Year
Oilfield services provider Baker Hughes is ringing in the new year with a 7-rig increase this week to the number of active oil and gas rigs in the United States, Continue Reading
Oil steady after gains on Saudi output cuts
Oil prices were little changed on Friday after gaining nearly 1 percent the day before on news that Saudi Arabia had cut production to meet OPEC’s agreement to reduce output. Continue Reading
Oil dips on doubts over touted production cuts
Oil prices dipped on Thursday on doubts producers would fully deliver on promises to cut output, although record U.S. automobile sales and falling crude stocks offered markets some support. Brent Continue Reading
Oil dips on doubts over touted production cuts
Oil prices dipped on Thursday on doubts producers would fully deliver on promises to cut output, although record U.S. automobile sales and falling crude stocks offered markets some support. Brent Continue Reading
Oil at $65 Per Barrel? Energy Pros Hopeful In 2017
Permian will remain a big deal, but other plays nipping at its heels for investment in the new year, experts say. With OPEC production plans in place and new leadership Continue Reading
Oil Higher on Declining Stocks, Falling Dollar
Oil prices ticked higher Wednesday as the dollar fell and analysts said they expect U.S. stockpiles declined last week. Light, sweet crude for February delivery settled up 93 cents, or Continue Reading
U.S. gas prices tumble, but market is tightening: Kemp
U.S. natural gas prices plunged on Tuesday amid forecasts that temperatures will be average or higher across most population centers by the middle of January. Earlier forecasts had predicted colder Continue Reading
Gas Producers Fall Even as Gas Prices Rise
Fear and trembling over the return of oversupply in natural gas The new year started off terribly for one of 2016’s best-performing commodities, reinforcing fears that have lingered over the Continue Reading