Morningstar analysts forecast shale decline rates and rig count uptick will stabilize US crude production. Oil and gas industry conditions stand to gain strength after 2017, in a confluence of Continue Reading
Forecasting oil prices has proven to be a difficult exercise this year, with investment banks, ratings agencies and national and supranational organisations left baffled by how the market price has Continue Reading
Oil futures eased off a four-month high on Thursday after a sharp reduction in U.S. inventories fueled hopes that the market was beginning to work through its supply glut. Brent Continue Reading
Oil declined in New York after failing to break through $50 a barrel on Wednesday amid concern that the global surplus will persist into next year. Futures fell as much Continue Reading
Oil prices were steady on Thursday, underpinned by a surprisingly large drop in U.S. inventory levels the previous day to stay within sight of this year’s highs hit in June. Continue Reading
Natural-gas prices have rebounded by 80% from their February low. A storage tank at the… Prices may have rebounded by 80% from their February low but, on the surface, the Continue Reading
Oil’s rally will stall at $55 a barrel as U.S. shale drillers get back to work and a “wall of supply” from investments made over the past decade hits the Continue Reading
Analysts are lowering their oil price forecasts despite OPEC’s promise to cut crude production , underscoring widespread skepticism about the cartel and its agreement. After pumping full tilt for the Continue Reading
Oil prices rose towards $52 a barrel on Wednesday, hitting their highest level since June, supported by an industry report that U.S. inventories probably fell for a fifth straight week Continue Reading
U.S. crude inventory declined by 7.6 million barrels: API OPEC, non-OPEC deal could boost price $15 a barrel: Venezuela Oil climbed to a three-month high in New York, approaching $50 Continue Reading
