Chinese companies looking to sign long-term agreements to buy crude oil from U.S. oil exporters have virtually disappeared, the chief executive of Enterprise ...
Crude futures drew support from U.S.-Iran tensions and expectations of ongoing OPEC supply cuts, but trade war concerns weighed on prices.
Oil markets do not have a reputation for being particularly zen. Volatile and quick-to-react, crude oil futures have a tendency to swing wildly and sometimes ...
The collapse of Venezuelan crude exports, combined with escalating tensions in other international hot spots are combining to cause crude prices to rise despite ...
Western oil majors Total and Eni have suspended payments to the Russian companies that sold them contaminated crude via the Druzhba pipeline, in a new ...
CRUDE OIL. US crude oil inventories posted an increase of 5.4 MMBbl last week, according to the weekly EIA report. Gasoline inventories decreased 1.1 MMBbl ...
Russia's Energy Ministry said on Wednesday that clean crude oil was moving via the Druzhba pipeline towards the border of Hungary and Slovakia and was ...
Short-term fundamentals suggest that we may be entering a period of bearishness, but I believe we have a few more months before that is felt. The economy is ...
Oil prices are pulled in both directions, but several analysts seem to think that crude remains underpriced as Washington is continues to teeter on the brink of ...
Through a series of processes, pulp, sawdust, even old cardboard boxes, are turned into a form of crude oil.
Crude futures saw some headwinds in the last two weeks, but with driving season approaching fast, crack spreads are drawing a bullish image for the crucial ...
That''s a wrap for the June contract. July is the front contract tomorrow The June WTI crude oil futures contract settled at $62.99. That represented an $.11 ...
Crude-oil prices settle off Tuesday's worst levels as increasing tensions between the U.S. and Iran and the threat of disruptions to supplies in the Middle...
SINGAPORE/MOSCOW (Reuters) - Trading companies Vitol and Unipec are sending around 700,000 tonnes (5.1 million barrels) of contaminated Russian oil to ...
HOUSTON, May 20, 2019 /PRNewswire/ -- Extending coverage to the annual analysis of crude oil fundamentals, Stratas Advisors' North American research ...
Read more about Crude oil futures up on positive cues on Business Standard. Crude oil rose by Rs 36 to Rs 4436 per barrel in futures market Tuesday as ...
The American Petroleum Institute (API) reported a large surprise build in crude oil inventory of 8.6 million barrels for the week ending May 10, coming in ...
China has levied tariffs on a wide variety of U.S. products, from LNG to agriculture, but Beijing has kept the door open for crude oil and other essentials.
American oil storage and refining stocks tightened, following healthy crude demand. Net speculative length dips for the second consecutive week, indicating ...
Given the U.S.'s deployment earlier this month of an aircraft carrier battle group to the Persian Gulf and comments that it may send up to 120,000 troops to the ...
Crude oil continues to edge lower this week in thin trade and now nears a cluster of technical indicators that could decide its short-term future.
Higher oil prices have improved the finances of many U.S. oil companies, but not everyone in the shale patch is profiting, and some have even filed for a second ...
Uncertainty over the fate of OPEC+ group production cut deal weighed on oil prices on Monday, after the group reached general consensus over extending.
In a report submitted to the oil ministry on Tuesday, a high level committee (HLC) of companies has recommended strategies to reduce import dependency.
Crude oil prices edged up 0.23 percent to Rs 4,426 per barrel in futures trade on Monday as speculators widened their bets in tandem with a firm trend overseas.
Crude oil has declined from the recent high. Crack spreads are a real-time indicator of demand. The gasoline crack spread has moved significantly higher.
Crude oil prices still look more likely to move lower than higher as news of a surprise increase in US inventories outweighs continuing turbulence in the Gulf.
NYMEX crude oil futures stall until an announcement. The technical picture is overbought, but open interest begins to rise. Tightening in the forward curve in b.
Oil prices fell on Wednesday after U.S. crude inventories in the United States soared more than expected to their highest since September 2017 as production hit ...
Want proof the 2019 oil rally is largely about tight supplies? Look no further than the spread between nearby and longer-dated futures contracts for Brent crude, ...
Crude oil has snapped its best weekly win streak in four years, but technician says the sell-off in oil won't last long.
Stocks could struggle again soon, crude oil and precious metals too; technical considerations highlighted across several markets.
It was illegal to export U.S. crude without a permit just a little over three years ago. Now, ports along the Gulf Coast are scrambling to build out new capacity to ...
Crude oil prices are eyeing resistance after US President Donald Trump reiterated threats on Iran. Meanwhile, the Yen is at risk as the US granted Huawei a ...
While supply figures tighten, geopolitical risk factors in the energy space continue to pile up w.
The ongoing battle between supply and demand is keeping crude oil constrained within a trading range and this is likely to remain the case for the days ahead.
So long as the price of crude oil remains over $59.60 - $58.94, the next price level higher is $69.50 - $72. Don't make assumptions about whether crude oil can.
Three technical factors point towards an immediate rally in the trend. The fundamental picture suggests that inventories are coming towards the 5-year average.
Up $0.34 or 0.54% on the day The price of crude oil futures have settled the day at $63.10. That is up $0.34 or 0.54% on the day. The high price extended to ...
In April 2019, Venezuela's crude oil production averaged 830000 barrels per day, down from 1.2 million barrels per day (Mmbpd) at the beginning of the year, ...
CEO Vicki Hollub just took the biggest poker hand in the American oil patch. But she shouldn't count her winnings just yet.
The cost of profitably drilling a shale oil well in the U.S. has fallen to a modern low of $50 per barrel, likely ensuring the growth of the onshore shale industry for ...
President Donald Trump could be facing a “cruel summer” when it comes to crude oil prices, says RBC's Helima Croft. Oil prices surged to nearly six-month ...
The Iranian sanctions is yet another factor to be considered in the tanker market these days. The repercussions are far and beyond, especially after the latest.
Oil futures edged higher in volatile trade on Monday as rising tensions between the United States and Iran buoyed prices, which earlier touched a one-month ...
Crude oil markets try to rally a bit during the trading session on Monday, piercing above resistance, but failed to completely break out. At this point it looks like ...
Oil prices edged up on Friday, as strong U.S. economic data boosted demand sentiment and as production losses in sanctions-hit Iran and Venezuela tightened ...
The UK's Flotta crude oil supplies have been shut in for repairs after hydraulic fluid was found to be leaking from a valve, the pipeline's operator, Repsol Sinopec ...
The recovery runs out of fuel. Iran sanctions get tighter, and tensions rise. Russia and Saudi Arabia could step in to help. The price action says OPEC producti.
Oil: As the economic outlook continues to deteriorate, speculators have begun to shed their bullish positioning for the first time since early March. This could also ...
Crude oil is holding onto a powerful reversal day and attempting to trade higher; support is to be trusted until broken for now.
Statistically speaking, this is one of the longest rallies we've ever seen in price - and that doesn't bode well for future price returns. The fundamentals of crude ...
US crude oil inventories posted a decrease of 4.0 MMBbl last week, according to the weekly EIA report. Gasoline and distillate inventories decreased 0.6 MMBbl ...
As tensions between Iran and the U.S. continue to escalate, analysts have begun to consider the likelihood and consequences of an Iran war.
Crude oil prices may fall alongside stocks if downbeat German ZEW data and comments signaling the Fed's reluctance to cut interest rates keep markets on ...
The American Petroleum Institute (API) reported a build in crude oil inventory of 2.81 million barrels for the week ending May 3, coming in over analyst ...
Based on Friday's price action and the close at $63.30, the direction of the June WTI crude oil market on Monday is likely to be determined by trader reaction to ...
Based on Friday's price action and the close at $72.15, the direction of the June Brent crude oil futures contract is likely to be determined by trader reaction to the ...
New data suggests that U.S. shale oil producers are set to grow production by 16% this year as drillers plan to ramp up output this summer.
Mid-cap oil and gas companies are having trouble securing *fresh* investments because fund managers are reorienting their priorities towards alternative ...
The West Texas Intermediate (WTI) and Brent crude oil benchmarks showed positive momentum Tuesday. June WTI futures gained 74 cents, ending the day at ...
The future market research report contains information for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2026.
Saudi Aramco's plan to drain U.S. crude stocks failed. But U.S. crude stocks typically drop as refinery utilization rises. Russia's oil exports to the U.S. are.
The crude oil price outlook has worsened as the US and China ramp up tariffs on each other's goods in a trade war that could hit worldwide economic growth.
Crude oil prices are at the mercy of erratic swings in prevailing market sentiment as investors scramble to respond to incoming headline risk.
The price of US crude oil is strengthening again after news that two Saudi oil tankers have been attacked just outside the strategically-important Strait of Hormuz.
Petroleum exports from Russia to the U.S. are growing rapidly as the supplier takes advantage of lost deliveries from sanctions-hit Venezuela and supply cuts by ...
CRUDE OIL. US crude oil inventories posted a substantial increase of 9.9 MMBbl last week, according to the weekly EIA report. Gasoline inventories increased ...
On the Multi Commodity Exchange, crude for delivery in May fell by Rs 49, or 1.13 percent, to Rs 4303 per barrel in a business volume of 17840 lots.
Hemant Pendse, director of the Forest Bioproducts Research Institute, explains how students at UMaine students discovered a new process for creating crude oil ...
Ecuador produced an average 530000 b/d of crude oil in March, up from 511000 b/d pumped in March of last year, but down 0.6% from the 533000 b/d ...
Based on last week's price action and close at $71.26, the direction of the August Brent crude oil market this week is likely to be determined by trader reaction to ...
Repeats story from Wednesday with no changes to text)
Washington — A tighter expected global oil market balance this summer and increasing global supply risks caused the US Energy Information Administration on ...
Both the WTI and Brent oil futures contracts edged downward Monday.
Oil futures drop by nearly 3% on Friday, resulting in crude's first weekly loss in eight weeks, as traders respond to President Donald Trump's plea to OPEC...
Crude oil futures were largely stable during mid morning trade in Asia Tuesday after US President Donald Trump's comments about the possibility of a trade deal ...
Crude Oil prices have calmed after a rally of more than 50% from the lows. The bigger question is whether this is a pullback or the start of a reversal.
Gretna elected officials have come out unanimously against a proposed oil-export terminal in Plaquemines Parish that would send train cars filled with crude oil ...
Crude oil prices will likely continue to find themselves jerked between oscillations in market sentiment as fundamental themes increase pressure on investors.
The US Treasury Department on Friday announced sanctions on two companies and two tankers it said had delivered crude oil from Venezuela to Cuba from ...
Crude Oil Price Chart and Evaluation: Basics Composed for Today as US downplays Iran Danger. Technical setup appears interesting using a drawback break ...
Oil: Rising geopolitical premium has underpinned oil prices throughout the European session with Brent crude futures rising over 1.3% to test $71/bbl. The latest ...
Shares of energy companies were broadly higher Monday, as crude oil prices jumped toward a 5 1/2-month high on supply concerns after reports that the U.S....
The bullish backdrop in Crude Oil has come into question as price action has spent much of the past three weeks coiling into a symmetrical wedge.
ABUJA (Bloomberg) -- Nigeria plans to almost double oil production and triple its refining capacity by 2025, reviving previous pledges for the country's oil ...
The price of WTI crude oil futures are settling the day at $61.12, down -$0.62 or -1.01%. The low today reached $60.64. The high extended to $63.33.
Though China has repeatedly stated that it would continue to import Iranian crude, the country's biggest oil companies seem to have had a change of heart.
West Texas Intermediate crude pared losses following the larger than expected build, which some traders were expecting. U.S. crude oil refinery inputs ...
With the main trend down, trader reaction to the major Fibonacci level at $71.51 will determine the direction of the July Brent crude oil market on Monday.
Up $0.85 or 1.37% WTI crude oil futures settled at $62.87, up $0.85 or 1.37%. The issues in the the middle east and risk on flows from higher stock prices, have ...
Throughput numbers boosted by independent refiners.
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AMMAN — Shipping of crude oil from the Baiji refinery in northern Iraq to Jordan will begin next weekend, via Jordanian and Iraqi tankers, a stakeholder said on ...
The Energy Select Sector SPDR Fund (XLE - Get Report) is sliding lower faster than the Nymex crude oil contract. XLE is below its quarterly pivot at $66.62, ...
NYMEX crude oil corrects. Reason one: the Middle East. Reason two: refining spreads. Reason three: monthly technical factors. Oil stocks and the XLE offer ...
U.S. stock market futures are pointed lower as investors continue to battle volatility and news headlines about trade and politics around the world. In today's ...
Declines in oil prices spilled over into U.S. stocks on Thursday, weighing on energy companies and dragging major indexes lower. Energy stocks in the S&P 500 ...
China has allocated a new batch of oil product export quotas that has brought the total since the start of the year to 50 million tons, S&P Global Platts reports ...