Oil prices rose by around 1 percent on Wednesday, lifted by a report of a drop in U.S. crude inventories and declining production in China, while an upbeat OPEC statement Continue Reading
IEA sees price impact from OPEC deal spurring U.S. production Oil majors focusing investment on most profitable projects The world should get used to oil prices between $50 and $60 Continue Reading
U.S. stockpiles probably rose by 2.1 million barrels: survey Intervention may see market rebalance before end-2017: Birol Oil shrugged off data forecast to show U.S. stockpiles gained a second week, Continue Reading
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. Oil prices rose early on Tuesday as some analysts said markets Continue Reading
Crude futures were steady Monday on a stronger dollar, another weekly U.S. oil-rig count rise and market belief that any momentum gained from OPEC’s agreement to cut production has now Continue Reading
Oil prices fell early on Monday, pulled down by a rising rig count in the United States, record OPEC-output, and slowing global economic growth which could erode fuel demand. U.S. Continue Reading
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. Continue Reading
Drill rig count climbs seventh week to highest since February Libyan crude output increases to 560,000 barrels a day: NOC Oil extended declines after U.S. producers increased drilling as the Continue Reading
Oil prices fell early on Monday, pulled down by a rising rig count in the United States, record OPEC-output, and slowing global economic growth which could erode fuel demand. U.S. Continue Reading
Oil Barrels With oil prices back up above $50 per barrel, more and more shale companies could find it profitable to resume drilling. But the improved prospects for shale companies, Continue Reading
