Oil Prices Continue to Fall in Flooded Market
Oil prices extended their recent slide on Friday, as a deluge of oil and refined products in the market weighed heavily, keeping prices near three-month lows. Brent crude, the global Continue Reading
Oil prices lower on U.S. GDP figures
A low estimate of U.S. gross domestic product and steep losses from some of the world’s biggest energy companies sent crude oil prices down early Friday. U.S. supermajor Chevron Corp. Continue Reading
Oil prices remain near April lows on ongoing oversupply
Oil prices on Friday remained around April lows as slowing economic growth threatened to worsen ongoing oversupply of crude and refined products. International Brent crude oil futures LCOc1 were trading Continue Reading
Hedge funds slash bullish bets on U.S. crude to 5-month lows
Hedge funds slashed positive bets on U.S. crude oil for a second straight week to hold the smallest bullish position in nearly five months, industry data released on Friday showed, Continue Reading
Oil Giants Find There’s Nowhere to Hide From Doomsday Market
Exxon posts worst profit in 17 years, missing estimates Chevron’s third straight loss capped longest streak in decades Exxon Mobil Corp. and Royal Dutch Shell Plc this week reported their Continue Reading
Oil Prices Continue to Fall in Flooded Market
Oil prices extended their recent slide on Friday, as a deluge of oil and refined products in the market weighed heavily, keeping prices near three-month lows. Brent crude, the global Continue Reading
The Glut Strikes Back as Oil Returns to Brink of Bear Market
Surplus is harder to kill than Saudis and Goldman predicted Brimming inventories and returning supply prolong downturn The bullish spirit that gripped oil traders as industry giants from Saudi Arabia Continue Reading
Oil Approaches Bear Market Amid Biggest Monthly Loss in a Year
Highest seasonal level of U.S. crude, fuel supplies in decades Libyan oil ports reopening after dispute settled with guards Oil was poised to enter bear market in New York with Continue Reading
Oil hits 3-month lows below $43 as oversupply weighs
A view of an oil refinery off the coast of Singapore March 14, 2008. Oil prices fell to three-month lows on Thursday as producers continued to pump more than needed, Continue Reading
Forget Inventories – Drilling Cutbacks Will Lead To Much Higher Oil Prices
Oil markets continue to debate the vagaries of how much crude and refined products are stored in big white tanks and floating carriers. The feeling is that there is too Continue Reading