Explorers added more than 30 oil rigs since start of June U.S. payrolls rose 287,000 in June, most in eight months Oil dropped after U.S. producers increased the number of Continue Reading
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’s big rebound in the first half of the year was a squandered opportunity for most hedge funds with positions in crude, and a surge in volatility is likely to Continue Reading
Exports of 2 million barrels a day near pre-sanctions levels Iran targeting Europe as destination for quarter of exports Oil markets will remain stable this year even as Iran plans Continue Reading
American crude production slipped to lowest since May 2014 Money managers cut bullish crude bets to lowest since March Not even a sharp decline in U.S. oil production can convince Continue Reading
U.S. gasoline stocks remain stubbornly high despite record demand from motorists, a situation that will probably force refiners to cut crude processing over the next few months and prioritize production Continue Reading
Oil markets rose on Friday, recovering some ground after a smaller-than-expected draw in U.S. crude inventories triggered a selloff the previous session, sending prices to two-month lows . According to Continue Reading
Crude prices bounced back on Friday from two-month lows hit in the previous session, but benchmark Brent was in line for its largest weekly decline since January as bearish economic Continue Reading
Shell Offshore rig Crude is lacking conviction to finish the week – being pushed and prodded around: caught in the undertow of rising equity markets, but being held in check Continue Reading
The levels of diesel, gasoline and heating oil in storage tanks in Europe this week are so high they are causing delivery backlogs and are casting doubt on whether demand Continue Reading
