WTI and RBOB prices have drifted higher after modest weakness following API's inventory data overnight and then spiked after DOE reported a smaller than expected crude build, and *bigger than expected.. Zero Hedge
Lower than expected US inventory growth, declining supplies from Libya and hopes the Organisation of the Petroleum Exporting Countries (Opec) will extend output cuts have pushed oil prices to extend.. City A.M.
Mar.29 -- Woodside Petroleum CEO and Managing Director Peter Coleman discusses OPEC's production cuts and his outlook for the price of oil. He speaks with Bloomberg's Stephen Engle at.. Source: Bloomberg Global Business -
Mar.27 -- Dan Dicker, president at MercBloc, talks about the market impact of OPEC's production cut, the weight of the Saudi Aramco IPO, and Russian cooperation with OPEC. He speaks on "Bloomberg.. Source: Bloomberg Global Business -
Mar.26 -- Eurasia Group Founder and President Ian Bremmer discusses his outlook for OPEC production cuts and discusses the Saudi Arabian economy. He speaks on "Bloomberg Markets: Middle East." Source: Bloomberg Global Business -
Mar.22 -- OCBC Commodity Economist Barnabus Gan discusses his outlook for the price and production of oil and talks about OPEC and U.S. oil inventories. He speaks on "Bloomberg Markets: Middle East." Source: Bloomberg Technology -
After an early spike on Libya production fears and OPEC production cut extension hope, WTI and RBOB faded all day on dollar strength ahead of the API data. The trend of *builds in Crude and draws in.. Zero Hedge
Authored by Osama Rizvia via OilPrice.com,
Uncertainty is dominating today’s oil markets, with production cuts, ballooning inventories and a rising rig count* all adding to oil price volatility*... Zero Hedge
As discussed yesterday, while the Joint OPEC/Non-OPEC Ministerial Monitoring Committee meeting on Sunday did not formally recommend an extension to the oil production cuts agreed last year at OPEC's.. Zero Hedge
Oil prices fell to four-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June.
The American.. Business Insider
With Saudi Arabia scrambling to respond to surging US shale production in what many analysts warn is a lose-lose decision, as either Saudi Arabia will lose market share under the current status quo, or.. Zero Hedge
Gasoline Imports Into Latin America to Stay Strong in 2Q17
New York, New York (PRWEB) March 21, 2017
NYC-based PIRA Energy Group reports that gasoline imports into Latin America to stay strong in.. PRWeb
The Organization of Petroleum Exporting Countries made a smart move to limit production, but the move has had some unforeseen effects, according to Goldman Sachs analysts.
In November, some OPEC.. Business Insider
Authored by Nick Cunningham via OilPrice.com,
If OPEC fails to agree to extend their production cuts for another six months, *Iraq could be a major reason why.*
For many years after the 2003 U.S... Zero Hedge
During a week that saw WTI crude prices erase all post-OPEC-production-cut-deal gains, after the Saudis admitted 'cheating' (but rapidly back-pedalled), *oil speculators added almost 80,000 contracts.. Zero Hedge
West Texas Intermediate crude oil trades up 2.1%, or $0.98, at $48.70 per barrel. Wednesday's rise comes following the International Energy Agency's latest commentary on the state of the oil.. Business Insider
Having sent crude oil pries tumbling overnight by admitting they cheated on OPEC production cuts, Saudi officials are desperately trying to unwind that faux pas by *claiming the over-production was.. Zero Hedge
Just as WTI was trying to record its first increase in 6 days, the latest, March, OPEC monthly report was released which revealed something surprising: while secondary sources claimed that Saudi Arabia.. Zero Hedge
Here are five things to know today on a snowy Tuesday: Suspect in UPMC tax return fraud may enter guilty plea The Pittsburgh Post-Gazette reported that Yoandy Perez Llanes, who is accused of filing.. bizjournals
Any hopes for an early rebound in oil following last week's torrid plunge in WTI and Brent appear to be dashed, at least at the open, when WTI promptly tumbled below $48/barrel.
While there have.. Zero Hedge
Authored by Arthur Berman via OilPrice.com,
WTI futures fell $2.86 from $53.14 to $50.28 per barrel, and Brent futures dropped $3.81 from $55.92 to $52.11 per barrel. WTI is trading below $49 and.. Zero Hedge