Crude is definitely spooked today, running scared as non-OPEC countries met over the weekend to discuss potential production cuts – but were unable to commit to anything concrete (sounds awfully Continue Reading
Lack of progress suggests declining probability of Nov. deal Weakening fundamentals warrant lower prices without agreement An OPEC deal to cut oil output at a meeting this month is looking Continue Reading
A technical meeting that was supposed to iron out some wrinkles for a deal to cut oil production ended in acrimony over the weekend, and OPEC’s effort at coordination could Continue Reading
OPEC logo is pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria September 28, 2016. OPEC’s oil output is Continue Reading
Saudis having a lot of fun Saudi Arabia will likely raise the official selling price (OSP) differentials for Asia for December, to reflect an October premium in the spread between Continue Reading
December Nymex contract rises as much as 15% after explosion Pipe carries fuel from U.S. refineries in Texas to East Coast Gasoline in New York jumped the most in almost Continue Reading
Flames shoot into the sky from a gas line explosion in western Shelby County, Alabama,… An explosion along the Colonial pipeline in Shelby County, Ala., killed one worker, injured five Continue Reading
Oil traded near the lowest level in a month in New York after weekend talks between OPEC and other major producers failed to yield concrete details on an accord to Continue Reading
Bets on lower WTI crude gain for first time in 5 weeks: CFTC Internal splits prevent accord with other major producers The growing list of OPEC members seeking exemptions from Continue Reading
Oil prices extended declines on Monday after non-OPEC producers made no specific commitment to join OPEC in limiting oil output levels to prop up prices – a stance that suggested Continue Reading
