Tag: U.S. crude

News and Policies, World

US sanctions are an ‘attempt against our lives,’ Venezuela’s petroleum minister says

March 19, 2019

Via: CNBC energy

Venezuelan Petroleum Minister Manuel Quevedo has denounced U.S. sanctions against Caracas as a “direct attack” on its citizens. His comments come at a time when the oil-rich, but cash-poor, country is suffering the Western Hemisphere’s worst humanitarian crisis in recent […]

Commercialization, Conventional Fuels

Oil prices are rising and poised for a breakout. Here are the next levels to watch

February 15, 2019

Via: CNBC energy

Analysts say oil prices are approaching breakout levels, and the final day of trading this week will offer clues about whether crude futures can keep rallying. Brent crude on Friday topped $65 a barrel for the first time this year, […]

News and Policies, U.S.

U.S. Crude Exports Get A Boost From The Army Corps Of Engineers

January 7, 2019

Via: Forbes

The Port of Corpus Christi (PortCC) received outstanding news at the end of last week, as the U.S. Army Corps of Engineers awarded an initial contract for the deepening and widening of its ship channel to llinois-based Great Lakes Dredge […]

Commercialization, Conventional Fuels, News and Policies, U.S.

Oil falls as Saudi and Russia quietly agree to output rise, US stocks swell

October 4, 2018

Via: CNBC energy

Oil prices on Thursday fell from four-year highs reached the previous session, pressured by rising U.S. inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output. Brent crude oil futures were […]

News and Policies, World

Oil hovers near three-month lows as investors await data

March 14, 2017


Crude oil prices hovered near three-month lows on Tuesday in Asian trading, with investors waiting for key reports and data that may shed light on a supply overhang in the global market. U.S. West Texas Intermediate crude (WTI) was up […]

Energy Economics

Oil prices edge off earlier gains on mixed OPEC signals

December 14, 2016

Via: American Energy News

Oil prices edged off earlier gains to end Tuesday nearly unchanged, as the support from OPEC’s plan to limit production were undercut by an energy watchdog’s assessment of how much those nations are currently producing. Prices dipped in after-hours trading […]

News and Policies, World

Oil climbs as Venezuela sees output deal, Libya suffers clashes

September 19, 2016


Oil prices rose almost 2 percent on Monday, after Venezuela said OPEC and non-OPEC producers were close to reaching an output stabilizing deal and as clashes in Libya raised concerns that efforts to restart crude exports could be disrupted. Venezuelan […]

Commercialization, Conventional Fuels

Oil prices rise on Norway strike threat; Brexit shock fades

June 29, 2016


Oil rose on Wednesday as financial traders poured money back into commodities following the initial shock of Britain’s vote to leave the European Union, and as a potential strike in Norway and crisis in Venezuela threatened to cut supply. Read […]

Commercialization, Conventional Fuels

Oil prices rise as markets on tenterhooks ahead of Brexit vote

June 23, 2016


Oil prices rose in early Asian trading on Thursday, shrugging off a smaller than expected decline in U.S. stockpiles as the market waited with bated breath for the result of Britain’s “Brexit” vote. Trading has been choppy in the run […]

Chemical, Conventional Fuels

Oil prices above $50, buoyed by US stock draw

June 22, 2016


Oil prices rose in early Asian trading on Wednesday, with U.S. crude joining Brent above $50 a barrel after data from the American Petroleum Institute (API) showed a larger than expected draw on stocks. U.S. crude futures’ August contract, the […]

Chemical, Conventional Fuels

Oil going to $60, companies to start spending again: Oil CEOs

June 8, 2016


Crude prices will continue to rise this year and that means some oil companies will probably start spending money again, two industry chief executives said Tuesday. Superior Energy CEO David Dunlap anticipates prices will hit $60 per barrel by the […]

Chemical, Conventional Fuels

Oil prices retreat from $50 on oversupply concerns

May 27, 2016

Via: Reuters

Oil futures dipped further in early Asian trade on Friday, finding resistance at the $50 a barrel mark as investors worried higher prices could reactivate shuttered crude output, adding to global oversupply. Oil pushed through $50 for the first time […]

Commercialization, Conventional Fuels

Oil drops on surging dollar, rising U.S. crude stocks, jump in Iran exports

May 19, 2016


Oil prices fell on Thursday, pulled down by rising U.S. crude inventories, a stronger dollar and surging output from Iran to Europe and Asia. Brent crude futures were down 87 cents, or 1.8 percent from their last settlement, trading at […]