Oil Edges Up After Selloff
Crude oil prices edged up on Wednesday, buoyed by bargain hunting following a sharp selloff on Tuesday on worries that the global glut could last longer than expected . Brent Continue Reading
Fading balance prospects drag on oil prices
Already rattled by end-of-balance sentiments, crude oil prices continued drifting lower in early Wednesday trading on weak European economic data. Reports this week from the Organization of Petroleum Exporting Countries Continue Reading
The Worst Oil Crisis Ever? IEA Sees Unprecedented Decline In Investment
The oil bust has created the longest period of declining investment in the global energy industry in nearly half a century, according to a new report from the International Energy Continue Reading
Goldman’s Currie Sees Oil Staying Below $50 as Surplus Lingers
Worldwide market ‘really looks similar’ to early 1990s Capex cuts by oil companies won’t affect capacity till 2020 Don’t count on a big rally in crude oil, said Jeff Currie, Continue Reading
OPEC Production Sinks On Libya And Nigeria
The new OPEC Monthly Oil Market Report is out with crude only production numbers for August 2016. All charts are through August 2016. (Click to enlarge) OPEC crude only production Continue Reading
Natural Gas Falls Ahead of Inventory Report
Natural-gas prices fell Wednesday on concerns that hot weather in the next two weeks will be insufficient to shrink growing stockpiles. The natural-gas market is oversupplied following a winter of Continue Reading
Oil Rebounds as Industry Data Shows Modest U.S. Stockpile Build
U.S. crude stockpiles rose 1.44 million barrels last week: API Build was lower than market was expecting, PVM Oil says Oil rebounded after industry data showed a smaller-than-expected build in Continue Reading
Oil rises on smaller-than-expected build in U.S. crude stocks
Oil prices rebounded on Wednesday after falling by as much as 3 percent in the previous session, as data from an industry group showed a smaller-than-expected build in U.S. crude Continue Reading
Selloff Takes Some Shine Off Energy Shares
Volatility in the stock market has shaken up even one of this year’s big winners. Energy companies fell more than the broader stock market in a selloff that dragged down Continue Reading
Crude Crumbles On Weak IEA Data
Oil prices fell 3% on Tuesday on bearish IEA data and a strong dollar after posting small gains on Monday.• The March 2011 nuclear meltdown in Japan led to the Continue Reading