The crude oil market sell-off has shaved more than a fifth off the global Brent crude benchmark and slashed the price of U.S. crude by 25 per cent since early October. Anadarko photo. Crude oil [Read more]
Oil prices were up slightly on Friday in volatile trading. Prices were underpinned by expectations that at a meeting next month in Vienna, OPEC will agree to cut output in 2019. ConocoPhillips photo. Oil prices [Read more]
Oil prices rose on Thursday after US EIA data showed falling US fuel inventories and despite investor concerns about a potential oversupplied market in 2019. Repsol photo. Oil prices pared on EIA data showing 10.3 [Read more]
Hedge funds now hold fewer than four bullish long positions for every short bearish one in the oil market, down from more than 12:1 at the end of September and the lowest ratio since August [Read more]
Oil prices fell on Friday as the global crude supply increased and investors grew more concerned about slowing fuel demand. Repsol photo. Oil prices down about 20 per cent since beginning of October Oil prices [Read more]
Oil prices fell on Thursday as investors grew more concerned about bulging global oil supplies which are increasing faster than experts had forecast. Anadarko photo. Oil prices down over 1 per cent Oil prices dropped [Read more]
Oil prices were up slightly on Monday as the sanctions on Iranian crude exports formally began, however, the Trump administration granted eight countries temporary waivers to the sanctions which helped ease concerns about an oil [Read more]
Hedge fund managers have been net sellers of 371 million barrels since the end of September, taking their net long position to the lowest level for 15 months, according to records published by regulators and [Read more]
Crude prices, spreads and the reactions of producers and consumers suggest the oil market has passed the first major cyclical peak after the slump of 2014/15. BP photo. Oil market strongly cyclical By John Kemp [Read more]
Last week, hedge funds continued to liquidate former bullish positions in oil and, for the first time in more than a year, clear signs of fresh short-selling emerged. Total photo. Rising supply, economic slowdown drive [Read more]
Husky Energy says it will boost its downstream capacity, which will insulate the company from recent large heavy oil discounts, if it is able to complete its hostile takeover effort of MEG Energy Corp. CP [Read more]
After several days of declines, oil prices rose on Wednesday after the US Energy Information Administration reported a larger-than-anticipated drop in US crude inventories. Equinor photo. Oil prices fell 5 per cent Tuesday Oil prices [Read more]
Hedge funds and other money managers cut their combined net long position in the six most important petroleum futures and options contracts by 133 million barrels in the week to Oct. 16. Total photo. Hedge [Read more]
Heading into the 2018-19 winter, US natural gas stocks are at their lowest level in 15 years. As a result, benchmark prices have been pushed to their highest point in almost nine months and some [Read more]
Wall Street is trimming third quarter forecasts for oilfield services companies who are struggling as oil companies continue to pressure their suppliers to reign in costs. Anadarko photo. Oilfield services companies showing weakness in well completions [Read more]
Oil prices dropped over 3 per cent on Thursday as global stock markets fell and the United States reported a surprise build in its crude inventories. Anadarko photo. Brent oil prices just over $80/barrel Oil [Read more]
Oil prices topped $85/barrel on Tuesday on concerns about falling Iranian crude exports prior to the Trump administration’s sanctions along with a partial production shutdown in the US Gulf of Mexico as Hurricane Michael approaches. [Read more]
On Monday, hedge fund managers began to take some profits after a rally in Brent prices last week. But by Tuesday, Brent was making gains and nearing $85/barrel. Total photo. Brent prices slip on Monday, [Read more]
Oil prices crept higher on Friday after data released by the US government showed strong job numbers and rising wages. Anadarko photo. Oil prices up between 15-20 per cent since August Oil prices rose slightly [Read more]
Oil prices dropped on Thursday after Saudi Arabia and Russia announced they would increase their production to offset supply shortfalls due to the reimposition of US sanctions against Iranian crude exports. Apache photo. Oil prices [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
