Natural Gas Sinks on Large Stockpile Addition
Natural-gas prices are posting some of their largest daily losses of the past month on Thursday after data showed a storage addition last week far beyond expectations. The U.S. Energy Continue Reading
Oil Trades Near a Three-Week Low Amid Plentiful U.S. Supplies
Inventories rose 2.28 million barrels last week, EIA data show Saudi minister says nation won’t boost output and flood market Oil traded near the lowest close in almost three weeks Continue Reading
Oil prices dip on stronger dollar; rise in U.S. crude stocks data
Crude oil futures fell in early trade on Wednesday as the U.S. dollar held around three-week highs and industry stocks data indicated a build in U.S. crude inventories. International Brent Continue Reading
Natural Gas Prices Swing Higher as Storm Brews in Gulf
Natural gas prices ticked up Wednesday, beginning to reverse two days of losses as a storm brewing in the Gulf of Mexico continued to strengthen. Natural gas for October delivery Continue Reading
Oil steadies as Saudi sees OPEC ‘common position’
Oil prices steadied on Thursday after Saudi Arabia said OPEC was moving towards a common position on oil production that some investors think could support prices. Brent crude futures for Continue Reading
Brent Below $50 Keeps West Africa Projects Underwater: Chart
Sustained Brent crude prices below $50 a barrel will damp the prospects for new oil projects in West Africa. Angola, the continent’s biggest producer, has the lowest break-even price of Continue Reading
Oil Heads for Biggest Monthly Gain Since April Before OPEC Talks
Iraq would support an agreement to freeze output: PM Al-Abadi U.S. crude stockpiles rose by 942,000 barrels last week: API Oil is poised for the biggest monthly advance since April Continue Reading
A Return to $40 Oil? Rally Runs Out of Steam
When taking a quick look at some of the critical figures and data in the energy markets this week, we see that the U.S. oil rig count remains unchanged, while Continue Reading
Oil Trades Near $47 as U.S. Gasoline Inventory Glut Seen Easing
Motor-fuel stockpiles forecast to fall by 1.25 million barrels Volatility to endure as rebalancing continues: oil executives Oil traded near $47 a barrel before data forecast to show that gasoline Continue Reading
Oil Price Spike Inevitable As New Discoveries Hit Seventy-Year Low
The oil industry only discovered about 2.7 billion barrels of new supply in 2015, a tiny fraction of the annual average for the past fifty years. The dismal result was Continue Reading