Analyst: Oil near $50 not good for a freeze
The price point for crude oil that would likely trigger action from major oil producers is around $35 per barrel, a Swiss-based market research group said The price for Brent Continue Reading
Iran, Ecuador discuss ways to strengthen oil prices
Iranian Foreign Minister Mohammad Javad Zarif talks with Ecuadorean President Rafael Correa at Carondelet Palace in Quito, Ecuador August 24, 2016. Iran and Ecuador on Wednesday discussed ways that the Continue Reading
Oil prices fall as analysts say market still oversupplied
Oil prices fell over 1 percent on Tuesday, with Goldman Sachs warning that August’s price rally had been overdone and that a proposed oil production freeze at current near-record levels Continue Reading
Oil prices fall on U.S. crude stocks build; fears over China demand
Oil prices fell early on Wednesday as an unexpected build in U.S. crude stocks weighed on markets, along with concerns that Chinese crude demand could falter as Beijing clamps down Continue Reading
Oil sector jumps on Iran-Opec hopes
Oil companies broadly advanced on Tuesday as crude rebounded, buoyed by speculation that Iran will attend a meeting of Opec producing countries next month. Members of the oil producing cartel are Continue Reading
Oil prices fall as analysts say market still oversupplied
Oil prices fell over 1 percent on Tuesday, with Goldman Sachs warning that August’s price rally had been overdone and that a proposed oil production freeze at current near-record levels Continue Reading
Forget The Pullbacks – Oil To See Strong Rebound In 2017
Oil refinery August 11, 2016 may be the point in this oil price cycle that will mark the start of a sustained increase in crude oil prices. That’s the date Continue Reading
OPEC’s Output Freeze: What Has Changed Since Doha?
It’s possible that OPEC is crying wolf with hints of an output freeze next month in Algiers; but it’s also possible that they are ramping up production to take the Continue Reading
Iran Output Freeze Headlines Spur Speculation Despite The Fine Print
Wiping out two-day losses, oil spiked on Tuesday on vague speculation emanating from a Reuters report headlining “positive signals” from Iran that it could back an output freeze to counter Continue Reading
Oil Prices Flip to Gains on Iran Reports
Oil prices rose Tuesday, erasing early losses, on indications that Iran might cooperate with other global exporters as they explore ways to keep oil prices from falling. Iran sent a Continue Reading