Oil prices edged up in early trading on Tuesday after U.S. crude broke below $40 per barrel the previous session, but traders said fuel markets continued to be dogged by Continue Reading
Oil Tanker “Over the secular horizon, Oil prices are likely to remain low,” said the PIMCO’s Global Advisory Board (GAB), while assessing global economic trends, according to the PIMCO website Continue Reading
Many countries keep their reserves a secret, meaning the price of oil is based on a huge amount of guesswork. Peak oil, if it even exists , is very much Continue Reading
Note: CBOB is conventional blendstock for oxygenate blending. CARBOB is California reformulated gasoline blendstock for oxygenate blending. The U.S. Energy Information Administration recently released the What Drives Petroleum Product Prices Continue Reading
WTI crude dropped 14 percent in July, biggest decline in year U.S. crude, fuel supplies at highest seasonal level in decades Oil fell in New York after U.S. producers increased Continue Reading
A gas station attendant pumps fuel into a customer’s car at PetroChina’s petrol station in Beijing, China, March 21, 2016. Oil rose on Monday, driven by new orders as traders Continue Reading
WTI crude dropped 14 percent in July, biggest decline in year U.S. crude, fuel supplies at highest seasonal level in decades Oil fell in New York after U.S. producers increased Continue Reading
Speculators add record number of bearish WTI crude wagers Crude, gasoline supply at highest seasonal level in decades Money managers have never been more certain that oil prices will drop. Continue Reading
Oil prices are down roughly 20 percent from their high watermark for the year, reached in June, and the next steps could be dicey as a bear market forms. Crude Continue Reading
Arab Light crude to Asia cut by $1.30 to $1.10 discount Extra Light, Light pricing for U.S. clients also reduced Saudi Aramco, the world’s largest oil exporter, lowered the pricing Continue Reading
