Oil Prices Might Not Rebound Until 2019
It’s a safe bet that investors are getting increasingly tired of all the conflicting forecasts about oil and gas prices. Some argue that oil is heading back to $20 thanks Continue Reading
Top 10 Countries With The Cheapest And Most Expensive Gas
Oil Storage From The Sky The U.S. consumes more gasoline than any other country, and the average household spends about $2,000 a year on gas. But in the last few Continue Reading
Oil Markets Panic After EIA Reports Surging Gasoline Inventories
Commercial crude oil stockpiles in the U.S. fell by 2.3 million barrels in the week to July 15, the Energy Information Administration reported . This is a rare perfect match Continue Reading
The Risk Oil Drillers Couldn’t Hedge Away
To provide themselves a cushion against sharp drops in oil prices, drilling companies often buy hedges—financial contracts that pay off when prices fall. Now a quirk of bankruptcy law has Continue Reading
Brent Crude Fails to Extend Gain as Turkey Oil Flows Continue
Tanker traffic and pipeline flows are normal: Energy Ministry Thousands of army officers, judges snared in wave of arrests Brent crude held below the highs reached following a failed coup Continue Reading
Oil Producers Prepare for Second-Half Slump as Rally Sputters
Drillers have increased bets on falling prices by 29 percent Prices have fallen 10 percent since reaching 2016 high in June Oil producers aren’t betting on the rally. After surviving Continue Reading
Why Oil Prices Might Never Recover
Two years into the global oil-price collapse, it seems unlikely that prices will return to sustained levels above $70 per barrel any time soon or perhaps, ever. That is because Continue Reading
Is Oil Going Back Under $40?
In recent weeks the oil market has seen negative sentiment drive prices lower based on expectations of heightened output (some of which have been realized) from recent problem areas including Continue Reading
Oil Settles Near $46 Amid Nigeria Force Majeure, US Fuel Glut
Oil closed near $46 a barrel in New York as the market weighed a force majeure declared by Exxon Mobil Corp. on crude shipments out of Nigeria against excess U.S. Continue Reading
Oil Prices Tick Higher on Demand Expectations
Oil prices rose Friday as better-than-expected Chinese economic data boosted expectations for oil demand from that nation, the world’s No. 2 oil consumer. But U.S. drilling data showed an uptick Continue Reading