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Petroleum

A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport

U.S. oil holds near seven-week high; OPEC upbeat on output curbs

22/02/2017(0)
Oil prices held near multi-week highs on Wednesday after OPEC signaled optimism over its deal with other producers to curb output to clear a glut that has weighed on ... Read More
oil

Crude imports by China will probably slow by more than 60 percent in 2017

08/12/2016(0)
China demand growth seen slowing as space for stockpiles fills Asia’s biggest buyer also seen reining in private refiners One of the biggest engines soaking up the world’s oil ... Read More
A pump jack used to help lift crude oil from a well in South Texas’ Eagle Ford Shale formation stands idle in Dewitt County Texas

Oil futures up slightly, face weekly decline as glut fears persist

22/07/2016(0)
Crude oil futures eased on Friday, extending big falls in the previous session as investors reassessed U.S. data underlining the glut in petroleum, while Iraqi crude exports are also ... Read More
Asian stocks

Asia markets higher; Nikkei turns up on slightly weaker yen

06/04/2016(0)
Asia markets turned higher on Wednesday, shrugging off a global sell-off in equities overnight, as oil prices advanced and activity in China’s services sector showed signs of pick-up. Australia’s ASX ... Read More
oil-well

The Availability and Price of Petroleum and Petroleum Products Produced in Countries Other Than Iran

12/08/2015(0)
June – July 2015 Update The U.S. Energy Information Administration (EIA) estimates that global oil inventories grew by an average of 2.5 million barrels per day (b/d) in June ... Read More
Broker Cyprus TopFX