Search Results for: Crude-oil prices
EIA Forecasts $51 Per Barrel 2017 Brent Crude Oil Price
November 14th, 2016
The U.S. Energy Information Administration’s (EIA) Short-Term Energy Outlook(STEO) released on November 8 forecasts that North Sea Brent crude oil prices will average $43 per barrel (b) in 2016 and $51/b in 2017. EIA expects that West Texas Intermediate (WTI) ...
Oil-price gains wiped out as traders look to central banks
September 20th, 2016
Oil futures eased in early Asia trade Tuesday, wiping out overnight gains during the New York trading session, as traders await the outcome of the U.S. and Japan central banks policy meetings. On the New York Mercantile Exchange, light, ...
Saudi, Russia Vow Oil Cooperation Without Agreeing to Freeze
September 6th, 2016
Countries have ‘number of tools’ for joint action, Novak says Oil pares gains as rapprochement falls short of concrete steps The world’s top two crude-oil producers pledged to cooperate to stabilize global markets, while failing to announce any specific ...
Oil gains over 3% after two-session Brexit-inspired tumble
June 29th, 2016
Oil futures finished higher for the first time in three sessions on Tuesday, rebounding from a Brexit-fueled selloff that sent crude futures to a seven-week low on concerns of a slowdown in the global economy. The threat of a ...
Oil Pares Biggest Weekly Drop Since April as Dollar Extends Fall
June 17th, 2016
ConocoPhillips restarts oil-sands wells after Canada wildfires Russia sees no need to cooperate on influencing crude markets Oil pared the biggest weekly decline in more than two months as the dollar extended its retreat, increasing the appeal of commodities ...
China And Fracking: The Pillars Of “The Recovery” Are Crumbling
March 10th, 2016
When historians sort out this era of once-a-decade financial bubbles, they’ll marvel at how dissimilar the drivers of each boom were. The junk bonds of the 1980s were essentially leveraged tools for extracting wealth from companies. The dot-coms of ...
Oil Hits Three-Month High on Gasoline Demand
March 10th, 2016
Oil prices surged to a three-month high Wednesday after government data showed demand for gasoline and diesel fuel was far higher than even bullish expectations. The U.S. Energy Information Administration said gasoline stockpiles fell last week three times as ...
Nigerian Official Says Some OPEC Members to Meet With Russia March 20
March 4th, 2016
Crude oil prices have plunged more than 70% since June 2014 Some members of the Organization of the Petroleum Exporting Countries are scheduled to meet with non-member Russia later in the month as part of efforts to stabilize crude ...
Saudi Arabia Spends Billions to Get Asia Hooked on Its Crude Oil
December 17th, 2015
At the heart of Korea’s Onsan Refinery lies a street called “A.I. Naimi Road,” an homage to Saudi Arabia’s oil minister. The reason: state-owned Saudi Arabian Oil Co. holds a 65 percent stake in the complex. Taking a controlling ...
Chinese Stocks: Brokerage Probes Weigh on November Stock Gains
December 1st, 2015
Three of China’s largest brokerages said they were under investigation for suspected violations of margin-trading rules A widening Chinese investigation into what officials have deemed suspicious or illegal trading activity has put the brakes on a rebound in the Shanghai Composite ...
