Gasoline and diesel stockpiles have swollen to record highs across the globe, leaving refiners and traders few places to dump excess supplies and threatening large-scale production cuts that could derail Continue Reading
The volume of crude held in floating storage off Britain’s coast has grown this year due to excess supply, trade sources say, helping to put a cap on some parts Continue Reading
Oil prices fell Tuesday as U.S. government forecasters raised their outlook for domestic production and traders grew skeptical that the Organization of the Petroleum Exporting Countries would consider production caps Continue Reading
Crude prices inched down on Tuesday in Asia, paring gains of nearly 3 percent from a day earlier, as worries over a global oil glut tempered speculation that OPEC would Continue Reading
Oil Tanker Morgan Stanley’s Adam Longson has been one of the most bearish sell-side analysts on oil, and overnight he confirmed he isn’t going to change his opinion any time Continue Reading
Recent volatility in oil price based on technical issues, questionable announcements and is ultimately, no reason to panic, analysts say. Coming off a turbulent week in which oil prices dropped Continue Reading
An issue at a BP refinery in Indiana and an uptick in road travel strained supplies, though retail prices are holding relatively stable overall, AAA said. The motor club reports Continue Reading
Crude prices inched down on Tuesday in Asia, paring gains of nearly 3 percent from a day earlier, as worries over a global oil glut tempered speculation that OPEC would Continue Reading
Members will meet next month at industry conference in Algiers Qatar minister says OPEC members in ‘constant deliberations’ Oil dropped from the highest close in two weeks amid doubts that Continue Reading
Market on path to rebalancing, Qatar energy minister says OPEC members will meet at Sept. industry conference in Algier Oil gained after OPEC’s president said the group will hold informal Continue Reading
