Category: Prices

Oil prices fell on Thursday, unable to sustain the previous day’s rally, as investors cashed in on gains from a larger-than-expected decline in the U.S. crude inventory. U.S. crude for Continue Reading

Crude oil drips from a valve at an oil well operated by Venezuela’s state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas Continue Reading

Saudi Arabia’s energy minister Khalid al-Falih spoke at the Oil & Money Conference in London this week, where he offered a robust defense of OPEC’s 2014 decision to not intervene Continue Reading

The NYMEX November natural gas futures contract fell Thursday after the US Energy Information Administration estimated a build to gas storage stocks that was slightly higher than analysts expected. The Continue Reading

Two years after Iran pledged to open up its oil industry in anticipation of the lifting of sanctions, foreign companies say they still have little information about Iranian oil fields Continue Reading

Oil prices dipped on Thursday on profit taking after markets rallied the previous day due to a draw in U.S. stocks and an expectation of an OPEC-led cut in production. Continue Reading

Oil is closing in on the highs for the year in response to a surprise draw to crude inventories (all paths lead back to energy, all inventory surprises lead back Continue Reading

U.S. oil prices shot up to a one-year high after another week of draining stockpiles further convinced traders that a longstanding glut may be waning. U.S. crude storage levels have Continue Reading

Natural gas prices lost more on Wednesday than any session in the last seven weeks as warm weather and expectations for limited heating demand force bullish traders from the market. Continue Reading

American crude oil supplies have plunged by 3.8 million barrels this week, according to the American Petroleum Institute (API) report released on Tuesday. This is a variance of almost 6 Continue Reading