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Tag: U.S. oil rig count


Chemical, Conventional Fuels

Oil falls as US drilling offsets talk of an OPEC-led cut extension

March 27, 2017

Via: CNBC

Oil prices fell on Monday as rising U.S. drilling activity outweighed talks that an OPEC-led production cut initially due to end in mid-2017 may be extended. Benchmark Brent crude futures eased 22 cents, or 0.4 percent, from their last close […]


Chemical, Conventional Fuels

Oil falls as August price rally seen overblown, China fuel exports jump

August 22, 2016

Via: CNBC

Oil prices fell on Monday as analysts doubted upcoming producer talks would rein in oversupply, saying that Brent would likely fall back below $50 a barrel as August’s more than 20-percent crude rally looks overblown. Soaring exports of refined products […]


Commercialization, Conventional Fuels

Oil prices edge up on potential producer action to prop up market

August 15, 2016

Via: CNBC

Oil prices edged up early on Monday and have risen more than 10 percent since the start of the month as speculation intensifies about potential producer action to support prices in an oversupplied market. International Brent crude oil futures were […]