Prompt WTI traded in a $48.40/$46.42 range through Thursday morning as bearish inputs included additional exports from Iraq following a completion of a deal between the Iraqi government and Kurds Continue Reading
There are signs of stability in offshore exploration and production, but it may be next year before any real indications surface, a London-managed driller said. Seadrill Ltd., a deep-water driller Continue Reading
Net revenue for members of the Organization of Petroleum Exporting Countries from oil dropped nearly 50 percent year-on-year, U.S. analysis found. Crude oil prices began their descent from $100 per Continue Reading
Saudi Arabia’s Khalid Al-Falih doesn’t advocate production cut Iran’s oil minister to attend producer talks in Algiers: Shana Oil traded near $47 a barrel as Saudi Arabia’s energy minister said Continue Reading
The increase in U.S. oil production that helped push crude oil prices lower may have hurt the industry, but that’s offset by consumer benefits, the API said. U.S. crude oil Continue Reading
A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh, Saudi Arabia June 23, 2008. Saudi Arabian Energy Minister Khalid Al-Falih Continue Reading
Fading contango is clearest sign of recovery: Credit Suisse Market moving from massive surplus to balance: BofAML’s Blanch For all the feverish speculation of OPEC action that’s roiling oil markets, Continue Reading
Oil traded near the lowest close in a week as U.S. crude stockpiles unexpectedly increased, keeping supplies at the highest in at least three decades with the peak summer demand Continue Reading
Crude prices edged lower on Thursday as brimming U.S. and Asian fuel inventories returned investors’ attention to a large global supply overhang, cutting short a price rally and restricting Brent Continue Reading
Prices may ‘buckle’ in 2017 under growing glut, Citigroup says Increasing imports into EU, LNG supplies weighing on prices Even after three years, there’s still no sign that the slump Continue Reading
