Oil prices fall on profit taking, strong dollar
Oil prices slipped on Friday in thin Asian trade ahead of the Christmas and New Year holidays, eroding some of the gains in the previous session as traders took profits. Continue Reading
Oil Gains from Bullish U.S. Traders
Crude prices rose Thursday from the start of traditional trading hours in the U.S., where traders are still feeling bullish about recent changes in the oil market. Prices have been Continue Reading
Oil prices up on strong U.S. GDP
Growth reported Thursday in the U.S. economy helped lift oil prices out of a hole after falling in response to reports of a build in crude oil stockpiles. Oil prices Continue Reading
The Craziest Oil Price Predictions For 2017
Predicting where oil prices would go next month or next year has always been a game of hit and miss, all the more so in the past two years since Continue Reading
Saudi Arabia’s Energy Minister Sees Oil Recovering on OPEC Cuts
Oil prices are set to recover next year as OPEC fulfills its agreement to cut output, halting the slump that battered the global oil industry, Saudi Arabia’s energy minister said. Continue Reading
Saudi Arabia See Oil Revenue Rising 46% in 2017 as Prices Climb
Saudi Arabia expects oil revenue to jump by 46 percent next year after a deal between the kingdom and other producers to curb output drove up global prices. The world’s Continue Reading
U.A.E. Expects Oil Prices to Rise More on Global Production Cuts
Oil prices may rise even more once investors see that OPEC and other major producers are fulfilling an agreement to cut production to curb the global glut, United Arab Emirates Continue Reading
GOP Tax Plan Could Boost Prices at the Pump
A proposal aimed at encouraging production of U.S.-made goods could push domestic oil prices higher and leave consumers paying more at the pump, some energy economists say. “Border adjustment,” as Continue Reading
U.S. Shale Is Now Cash Flow Neutral
Oil prices are probably already high enough to spark a rebound in shale production. The IEA says that in the third quarter of 2016, the U.S. shale industry became cash Continue Reading
Oil prices rise on weaker dollar, optimism on output cuts
A motorist holds a fuel pump at a Gulf petrol station in London April 18, 2006. Oil prices nudged higher in tepid Asian trading on Thursday, supported by a weaker Continue Reading