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Crude Stabilizes After 6 Day Rally

Oil prices have stabilized after…

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Oil Tanks After API Reports Massive Build In U.S. Crude Stocks

Aug 23, 2016 at 16:43 | Zainab Calcuttawala

The American Petroleum Institute reported a 4.464 million barrel increase in U.S. crude oil inventories in the biggest build in crude supplies in four months. These figures…

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U.S. Gasoline Prices Surprisingly Rise In Late-Summer Week

Aug 23, 2016 at 16:13 | Tsvetana Paraskova

In one of the rare recent increases for a late-summer week, U.S. retail gasoline prices unexpectedly rose in the week to August 22, by US$0.044 to US$ 2.193…

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Iraq’s Army Surrounds Oil Refinery As It Prepares To Fight ISIS In Mosul

Aug 23, 2016 at 15:57 | Tsvetana Paraskova

Iraqi Army troops have surrounded an oil refinery in the town of al-Qayyara, 40 miles out of ISIS-held Mosul, as they prepare for an assault on Iraq’s…

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Iran Output Freeze Headlines Spur Speculation Despite The Fine Print

Aug 23, 2016 at 13:01 | Tsvetana Paraskova

Wiping out two-day losses, oil spiked on Tuesday on vague speculation emanating from a Reuters report headlining “positive signals” from Iran that it could back an output…

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U.S. Judge Postpones Hearing On Dakota Access Pipeline Case

Aug 23, 2016 at 12:18 | Zainab Calcuttawala

A federal judge postponed a hearing that would have determined whether protestors demonstrating against the construction of the Dakota Access pipeline should be banned from build sites, according…

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Chinese Oil Companies To Up Dividends Despite Losses

Aug 23, 2016 at 10:19 | Lincoln Brown

China’s oil companies may use dividends to calm the fears of investors on the heels of the drop in energy prices. Noting the dip in the price…

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Oil Prices Drop in Tuesday Trading on Analyst Warnings

Aug 23, 2016 at 10:15 | Lincoln Brown

Oil prices took a dive on early Tuesday trading in the wake of analyst’s warnings that this month’s rally was overblown and that a production freeze would…

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Libya’s UN–Backed Government Gets No-Confidence Vote

Aug 23, 2016 at 09:09 | Irina Slav

Libya’s oil is still in a state of flux, as Libya’s UN-backed Government of National Accord got a vote of no-confidence from Libya’s parliament on Monday. Now…

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EIA: U.S. Shale Output to Reach 7.1 Million Bpd by 2040

Aug 22, 2016 at 17:46 | Erwin Cifuentes

The extraction from U.S. shale oil and gas fields is expected to continue increasing in the upcoming years, but will fall in the short-term, according to a report…

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Kuwait’s Oil & Gas Sector Shrinks For Third Straight Year

Aug 22, 2016 at 17:01 | Zainab Calcuttawala

Kuwait saw its once-lucrative oil and gas sector shrink by 1.7 percent—in real terms—in 2015 for the third year in a row, according to preliminary figures prepared…

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