Post Tagged with: "Price"

WTI Stays near $49 if OPEC Cuts Continue: EnerCom

WTI Stays near $49 if OPEC Cuts Continue: EnerCom

OPEC’s meeting to decide the future of production cuts is quickly approaching, and many expect that the group will extend their deal through at least the end of this year.

The production cuts, when they were first initiated, helped to …

Saudi Arabia Threatens to Raise Production to Hurt Iran

Saudi Arabia Threatens to Raise Production to Hurt Iran

Regional rivalry between Saudi Arabia and Iran could scuttle OPEC production deal

Bad blood between Saudi Arabia and Iran could threaten to halt yet another OPEC production deal. Reports from Reuters indicate that Saudi Arabia has threatened to increase production …

U.S. Oil Storage Build is Louder than OPEC’s Promises

U.S. Oil Storage Build is Louder than OPEC’s Promises

Oil prices fall as crude storage climbs

Oil fell more than 3% Thursday despite hopes that OPEC might freeze production. Investors were more concerned with this week’s crude oil stockpile build than talk from OPEC after the EIA announced a …

September 1, 2016 - 6:04 pm Closing Bell Story‎, Oil and Gas 360 Articles, OPEC
Oil Prices Fluctuating After 10.4 Million Barrel U.S. Storage Build

Oil Prices Fluctuating After 10.4 Million Barrel U.S. Storage Build

“The market’s not shocked anymore”

The price of both U.S. and international crude oil benchmarks has been fluctuating this morning following news from the Energy Information Administration that crude stockpiles grew by more than 10 million barrels last week. The …

Oil Prices Tumble as Saudi Oil Minister Says ‘No Chance’ of Production Cuts

Oil Prices Tumble as Saudi Oil Minister Says ‘No Chance’ of Production Cuts

“There is no sense in wasting our time seeking production cuts” – Ali al-Naimi

Both U.S. and international benchmark crude tumbled more than 4% this morning after making gains in the last week. The culprit was the comment from Saudi …

Oil Prices Up as IEA Sees Balance in 2017

Oil Prices Up as IEA Sees Balance in 2017

U.S. light tight oil production expected to fall 600 MBOPD in 2016

Oil prices are up more than 7% and 5% for WTI and Brent crude, respectively, today as news from the International Energy Agency forecasts production falling amid a …

Saudi Arabia Cutting – Price, Not Production

Saudi Arabia continues its plan to protect market share

Saudi Arabia today cut prices of its oil to customers in major markets including Europe, Asia and the Mediterranean in the hopes of defending its market share. The move is seen …

Oil Prices Reach 2015 High

Oil Prices Reach 2015 High

Data showing slowed U.S. production and slightly higher demand sees oil prices climb

Prices for West Texas Intermediate (WTI) and Brent crude were both up on news that U.S. oil production is continuing to slow. Light, sweet crude for May …

April 15, 2015 - 6:46 pm Oil and Gas 360 Articles, Popular