Oil Rises After Saudi Call for Action on Prices
Oil prices ticked higher on Friday after Saudi Arabia said it would work with other oil producers to stabilize prices, a comment interpreted by some to mean the world’s biggest Continue Reading
Oil flatlines after talk of possible exporter moves to prop up price
Oil prices were largely unchanged on Friday, remaining near the previous day’s highs, on the prospect of talks by exporters about ways to prop up a market grappling with a Continue Reading
IEA says refining slowdown to herald tighter crude oil market
The International Energy Agency said Thursday it foresaw a “sustained tightening” in crude markets and a reduction in global product stocks, despite recent price weakness. In its monthly oil market Continue Reading
Is Saudi Arabia About To Cry Uncle In The Oil Price War?
he Kingdom is struggling with weak GDP growth, higher fees and taxes, and an economy that is unable to pay the dues to its workers, leaving thousands of workers from Continue Reading
Natural Gas Falls in Choppy Trading After Inventory Report
Natural gas prices fell Thursday in a volatile session of trading after a weekly inventory report showed stockpiles grew more than expected. The U.S. Energy Information Administration said Thursday that Continue Reading
Oil Prices Fall as IEA Cuts Demand Forecast
Crude prices extended their falls Thursday as a top energy monitor trimmed its forecast for oil demand next year. The prediction comes as oil prices remain under pressure because of Continue Reading
Oil Trades Near One-Week Low After U.S. Crude Stockpiles Rise
Nationwide supplies gained 1.06 million barrels last week: EIA Record demand from refiners to erode bloated stockpiles: IEA Oil traded near the lowest closing price in a week as government Continue Reading
U.S. Drillers Need $60 Oil to Stage Real Comeback, IEA Say
Number of active rigs 75 percent below October 2014 peak IEA reiterates view U.S. shale oil output to fall this year While shale drilling in the U.S. is on the Continue Reading
Oil Prices Edge Lower on Higher U.S. Stockpiles, Output Forecasts
Oil prices edged down Wednesday on an uptick in U.S. crude stockpiles and production forecasts, and concerns that a coming meeting among major oil producers may not result in any Continue Reading
Oil Extends Drop as U.S. Stockpiles Rise, Saudis Pump at Record
Crude inventories rose 2.09 million barrels last week: API Saudi Arabia said to pump 10.67 million barrels a day in July Oil declined for a second day as weekly U.S. Continue Reading