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Large Crude Inventory Build Rocks Oil Prices

Large Crude Inventory Build Rocks Oil Prices

Crude oil prices went lower…

Israel Claims to Have Dealt a Serious Blow to Hezbollah

Israel Claims to Have Dealt a Serious Blow to Hezbollah

Israeli authorities claimed to have…

Energy / Oil Prices

Gloomy Outlook Sees Hedge Funds Turns Bearish On Oil

Jun 26, 2017 at 13:11 | Zainab Calcuttawala

Hedge funds slashed their bets on the three main long oil futures contracts by 109 million barrels in the week that ended on June 20th, according to a new report…

Oil Prices Inch Higher As Saudi Crude Oil Loadings Drop

Jun 26, 2017 at 11:07 | Matt Smith

We discussed back in early May how Saudi Arabian crude export loadings in April had dropped materially. Given the journey time to US shores (hark, seven-ish weeks), the expectation was…

Goldman Sachs: Oil Crash Unlikely To Continue

Jun 23, 2017 at 17:51 | Julianne Geiger

The current selloff in energy stocks is but an opportunity for buyers, according to a Thursday note from Goldman Sachs’ European energy team, who added that current prices are…

Are We About To See A Short Covering Rally In Oil?

Jun 23, 2017 at 15:33 | Jim Hyerczyk

August Crude Oil Futures Profit-takers and bargain-hunters are helping to prop up crude oil prices from 10-month lows late in the week. Aggressive counter-trend investors may be buying relatively cheap…

OPEC Oil Basket Falls Below WTI

Jun 23, 2017 at 08:53 | Irina Slav

The price of OPEC’s oil basket, which is made out of 14 different blends, fell to US$42.58 a barrel yesterday, below the closing price of West Texas Intermediate for…

High Costs Are Pushing Investors Away From The Permian

Jun 22, 2017 at 09:53 | Oil & Gas 360

High acreage costs beginning to affect economics in the Delaware The Permian has enjoyed a rush of capital since oil prices began to recover from a low of $26.21 in…

Is There Still Hope For Higher Oil Prices?

Jun 21, 2017 at 13:58 | Nick Cunningham

Oil prices have cratered in recent weeks, dipping to their lowest levels in more than seven months and any sense of optimism has almost entirely disappeared. All signs point to…

The Most Ignored Oil Price Influencer

Jun 21, 2017 at 13:49 | David Blackmon

It is a given that the price for crude oil on the global market for the rest of this year and into 2018 will be influenced by a variety of…

Bank Of America: Expect $30 Oil

Jun 20, 2017 at 14:00 | Tsvetana Paraskova

Oil prices hit on Tuesday their lowest levels since mid-November last year, with WTI entering a bear market, and analysts now see the price of oil sliding further down…

Saudis Overtake U.S. In Recoverable Oil Resources

Jun 20, 2017 at 10:30 | Tsvetana Paraskova

Saudi Arabia has regained its top position ahead of the U.S. and Russia as the holder of the world’s biggest recoverable oil resources, as reduced tax rates for state giant…

Outlook For Oil Looks Bleak, Prices Hit 7-Month Low

Jun 20, 2017 at 09:11 | Irina Slav

Crude oil started the week with a loss, which may be extended today as U.S. shale drillers continue to add rigs, and Libya and Nigeria ramp up production, undermining their…

What the Fed’s Interest Rate Hike Means For Oil Prices

Jun 19, 2017 at 13:10 | Kent Moors

Finally, after almost a decade of historically low interest rates, the Fed is removing the proverbial punchbowl from the easy-money party. As it stands, Yellen & Company are only moving…

Saudi Oil Minister: Oil Markets To Rebalance In Q4 2017

Jun 19, 2017 at 09:27 | Tsvetana Paraskova

The oil market has started showing signs that it is headed in the right direction, and current expectations point to the market returning to balance in the fourth quarter this…

OPEC Production Up As Exempt Countries Increase Output

Jun 16, 2017 at 17:17 | Ron Patterson

All data below is based on the latest OPEC Monthly Oil Market Report. All data is through May 2017 and is in thousand barrels per day.

Oil Prices Fall, But The Macro Picture Looks Bright

Jun 16, 2017 at 16:45 | Dan Dicker

Times are rough, if you’re an energy investor, there’s no doubt about it. But it’s important to remember why you’re a subscriber here at the Oilprice premium service and why…

Oil Prices: Fundamental And Technical Analysis Conflict

Jun 16, 2017 at 16:45 | Martin Tillier

Analysis of markets of any kind, stocks, bonds, currencies or commodities basically falls into one of two categories, fundamental and technical. In an ideal world both types of analysis support…

Are Hedge Funds Growing Weary Of The Permian?

Jun 16, 2017 at 11:24 | Irina Slav

Eight hedge funds have pulled out more than US$400 million in positions in ten big shale oil and gas companies active in the Permian, Reuters reported, as the financial…

Oil Prices Up, Still Poised For Longest Weekly Losing Streak Since 2015

Jun 16, 2017 at 09:14 | Tsvetana Paraskova

After oil prices hit the lowest in seven months earlier this week, they were tentatively rising early on Friday, but were still on course to post the fourth consecutive week…

Iraq Dethrones Saudi Arabia As India’s No.1 Oil Supplier

Jun 15, 2017 at 16:51 | Irina Slav

Iraq has been India’s largest supplier of crude oil for the last three months, shipping data from Bloomberg has revealed. This means that OPEC’s number-two has dethroned the cartel’s…

Big Oil Opposes Trump’s Budget Plans

Jun 15, 2017 at 14:48 | Kent Moors

In its recent 2018 budget, the Trump Administration included a huge energy announcement. While it went mostly under the radar, the budget included a proposal to sell half of the…

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