Bulk of Global Oil Projects Seen Working Below $60 on Cost Cuts
70% of potential new output to 2025 viable below $60: Wood Mac Crude may need to reach $85 to finance other supply needed Most of the oil projects planned over Continue Reading
U.S. Production Is Falling, Why Isn’t Oil Recovering Faster?
Why aren’t oil prices rising faster? The recent recovery in oil prices has largely stalled out and investors looking at historical figures could be forgiven for not understanding why prices Continue Reading
Oil bounces back from two-month lows on weaker dollar
Oil futures bounced back from two-month lows on Tuesday, helped by a weaker dollar, but a global stocks overhang and a drop in bullish bets by investors still weighed on Continue Reading
The Bears Are Back – Oil Slides On Negative Sentiment
After oil prices rallied more than 80 percent between February and June, WTI and Brent have fallen back more recently, dropping from above $50 to just $45 per barrel. Oil Continue Reading
Crude Falls on Oversupply Concern
Crude oil prices fell Monday as market participants fretted over a supply overhang that could worsen as global supply disruptions fade. The September contract for global benchmark Brent was down Continue Reading
Oil Extends Losses as Iran and Libya Aim to Boost Crude Exports
Iran plans to double crude exports to regain market share U.S. explorers added more than 30 oil rigs since start of June Oil extended losses from a two-month closing low Continue Reading
Oil near two-month low on economic woes; drillers adjust to lower prices
Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia. Brent crude futures were trading at Continue Reading
Oil Market In Early Stages of Sustainable Recovery
The oil market is in the early stages of a “sustainable but protracted recovery,” according to oil and gas analysts at Jefferies International Limited. The oil market is in the Continue Reading
Return of Oil Contango Shows Price Recovery to Be Bumpy Ride
One-year price gap on Brent crude futures doubles in a month Rebalancing will be ‘messy’ as surplus lingers: Credit Suisse On the surface, the recovery of the global oil market Continue Reading
Saudi’s Falih says oil price above $50 needed for investment: paper
The oil industry needs a price of more than $50 per barrel to sustain investments, Saudi energy minister Khalid al-Falih told a German newspaper while adding that downward pressure on Continue Reading