US oil prices fell over 2 per cent on Monday while price of North Sea oil hit its lowest in eight months. Apache photo. Oil prices pressured Monday on market sell-off Oil prices dipped significantly [Read more]
Hedge funds had built record net long position in Brent, NYMEX and ICE WTI, U.S. gasoline, U.S. heating oil and European gasoil a week earlier. Anadarko photo. Hedge funds cut long position in six most [Read more]
Brent oil prices fell by over 2 per cent on Friday, but crude remains supported by strong demand and OPEC supply cut compliance. Apache photo. Oil prices pressured by rising US production, dollar Oil prices [Read more]
On Thursday, US oil prices gained almost 2 per cent. In January, both Brent and WTI increased for a fifth straight month. Apache photo. Oil prices rose as falling output in Venezuela offset higher production [Read more]
US oil production rising despite fewer rigs and producers focusing on “core” parts of the shale play, including the Permian basin. Apache photo. US oil production topped 10 million b/d in November: EIA By John [Read more]
Oil prices steadied during trading on Wednesday, despite data from the US Energy Information Administration showing a 6.8 million barrel rise in US crude stocks. Nexen photo. Oil prices recover during session despite 6.8 million [Read more]
Analysts say BP likely to approve fields in Mauritania, Angola and India. The company says it will only approve projects that make money even if oil prices drop. BP increasing production by drilling new wells [Read more]
Oil prices fell in trading on Tuesday on a rising US dollar and increasing US crude production. US oil prices down 1.5 per cent Oil prices fell for a second day on Tuesday on concerns [Read more]
Oil prices slipped in trading on Monday as the US dollar recovered from last week’s losses. QEP Resources photo. Oil prices down 1.5 per cent Monday Oil prices fell over one per cent as a [Read more]
Oil prices rose slightly in trading on Friday due to a weakening US dollar. Linn Energy photo. WTI oil prices hit highest level since Dec. 2014 on Thursday Oil prices rose on Friday after hitting [Read more]
Of the Big Oil companies, Royal Dutch Shell appears the strongest performer among the group in terms of organic free cash flow. Shell photo. Big Oil expected to generate more cash in 2018 than any [Read more]
A number of oil majors say they will boos their capital spending in 2018 after oil topped $70/barrel in January. Anadarko photo. Capital spending fell to $200 billion in 2016 According to a report by [Read more]
Oil prices rose in early trading Thursday with Brent crude hitting $71.20/barrel. As trading continued, the benchmark eased back but stayed above $70/barrel. Brent oil prices ease back after hitting $71.20/barrel early in session Early [Read more]
Rising political unrest in Venezuela is fuelling the recent oil price rally. AP photo by Fernando Llano. Oil price rally could mean $80/barrel crude The oil price rally that boosted prices over $70/barrel this month [Read more]
Oil prices were mixed in trading on Wednesday, despite a decline in US crude stocks and a drop in the value of the US dollar. ConocoPhillips photo. WTI oil prices rise to highest level since [Read more]
Oil prices rose in trading on Tuesday on rising demand and strengthening economy. Anadarko photo. Oil prices rise over 1 per cent Tuesday Oil prices rose over one per cent and Brent crude topped $70/barrel [Read more]
Oil prices rose slightly in seesaw trading on Monday. Anadarko photo. Oil prices impacted by restart of production from As-Sarah fields in Libya Oil prices seesawed in trading on Monday as the US dollar pared [Read more]
The hedge funds’ net long position in WTI increased from 455 million barrels to 542 million barrels between Jan. 2 and Jan 16 compared with only a minor increase in Brent. Hedge funds have increased [Read more]
Saudi Arabia’s Energy Minister Khalid al-Falih said he thinks participants in the OPEC supply pact should continue to work together on rebalancing the oil markets beyond the end of 2018. Reuters photo by Heinz-Peter Bader. [Read more]
Oil prices were mixed in trading on Thursday after the US EIA reported a significant drawdown in US crude stocks. Encana photo. Oil prices recover after slipping below $69/barrel Thursday Oil prices rebounded after slipping [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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