Oil prices surged over 4 percent on Thursday, with Brent briefly touching $50 a barrel for the first time in two weeks, after a surprisingly huge drawdown in U.S. crude Continue Reading
U.S. crude stocks slumped more than 14 million barrels last week in the biggest weekly drawdown since 1999 as imports to the Gulf Coast hit a record low, which analysts Continue Reading
Natural gas prices posted their biggest daily increase since late July after government data showed a smaller than expected increase in the amount of natural gas in storage Thursday. Natural Continue Reading
As a humongous draw to oil inventories has wrong-footed the market, crude prices have ripped higher in response. Hark, here are five things to consider in oil markets today: 1) Continue Reading
Most top experts from the oil industry do not expect oil prices to trade beyond $60 per barrel in the next 12 months. According to a Bloomberg survey at the Continue Reading
The largest oil traders are anticipating little relief to what has become the worst market slump in a generation. (Bloomberg) — The largest oil traders are anticipating little relief to Continue Reading
One of the enduring features of oil markets is a tendency to over-analyse and interpret every word uttered by the various players, with the current debate over a mooted output Continue Reading
Kingdom’s production falls to 10.63 million barrels in August Saudi Arabia pumped record 10.67 million barrels a day in July Saudi Arabia told OPEC that its oil production dropped by Continue Reading
Could add 300,000 b/d annual production at $47-$57/b With crude near $60/b, US may see incremental 500,000 b/d-plus Eagle Ford, Bakken need $55-$60/b to start production boost Production in the Continue Reading
Oil prices rose more than 1.5 percent on Thursday after U.S. industry data showed a large drawdown in crude stocks, reflecting the temporary impact of an Atlantic storm. U.S. crude Continue Reading
