On Tuesday US crude futures declined, as market players awaited fresh data on US stockpiles of crude and refined products to estimate the strength of demand in the United States...
Bank of America Merrill Lynch has revised upward its oil price forecasts for 2016, but said it remained bearish amid oversupply, weak demand from emerging markets, a return of U.S. shale production and expectations of a deal on Iran...
1. Saudi Aramco - 12 million boepd, Saudi Oil Minister Ali al-Naimi. 2014: 12 million boepd (Barrels of Oil Equivalent Per Day) 2004: 10.8 million boepd. Percent liquids: 87%. 2. Gazprom - 8.3 million boepd, Gazprom CEO Alexei Miller...
Crude-oil futures declined Wednesday, hurt by a weaker-than-anticipated data on U.S. economic growth, though they have recovered after slumping immediately after the report...
In April oil has jumped 20 percent to settle at $57 a barrel, as market players considered expanding violence in Yemen could disrupt supplies. The jump comes after the biggest drop since 2008, with crude dropping last month as low as $43...
Crude-oil futures fell in Asian trade Tuesday, with Brent below the $65 mark, ahead of inventory data due later and a pledge from Saudi Arabia to keep pumping oil. Barclays analysts say the market has passed through the worst, but it is not out of woods yet...
On Monday Brent crude prices held near a 4 and a half month high, above $65 a barrel, backed by fears over fighting in Yemen disrupting Middle East supplies and signs that U.S. shale output may have started to decline...
Crude oil futures slipped lower on Thursday, impacted by data released on Wednesday which had showed that U.S. crude inventories rose far more than expected last week. Market players keep eyeing developments in Yemen...
Tenkan-sen line is located above Kijun-sen line of Ichimoku indicator with 64.85 resistance level on D1 timeframe for bullish market condition to be continuing Daily price is located above Senkou Span A line which is virtual border between the bearish and the bullish on the chart...
On Wednesday crude-oil futures slid in Asian trade, undermined by expectations U.S. oil stockpiles will continue to rise and after Saudi Arabia suspended its air campaign in Yemen...
Ian Taylor, chief executive officer of Vitol, an independent oil trader, has said profitable trading opportunities caused by the oil collapse have been sharply diminished in 2015, with crude prices now seem to have bottomed...
On Monday Oil prices fell towards $62 a barrel on a strong greenback and on the news Saudi Arabia's production would stay around 10 million barrels per day (bpd) in April...
On Monday crude-oil futures climbed in Asian trade after China unexpectedly announced a cut in banks’ reserve requirements. As China is the world's second-largest oil consumer, its economic growth has a direct impact on its energy demand...
Oil prices regained ground to surge above $64 on Friday due to the conflict in Yemen and due to the prospect that lower prices are starting to curb U.S. shale output...
Oil's recent jump has spurred hopes for a shift toward a price recovery, but analysts warn these gains won't last...
In a monthly report released Thursday the Organization of Petroleum-Exporting Countries (OPEC) trimmed its forecasts for non-OPEC oil supply growth in 2015 signaling that its strategy of pressing its American rivals could be working...
On Thursday crude oil futures declined after posting its biggest one-day rally in two months on Wednesday, as data showed that oil supplies in the U.S. rose less than expected last week...
On Wednesday crude-oil futures rose in Asian session but gains were trimmed after China’s economic data showed slower growth in the first quarter of the year. China is the world’s second-largest consumer of oil and its economic slowing is bearish for its oil demand...
According to the Energy Information Administration, in May output from the prolific tight-rock formations such as North Dakota’s Bakken shale will decline 57,000 barrels a day...
On Tuesday crude-oil futures extended gains on expectations that U.S. shale oil production has reached its peak and might begin to fall...
