Tag: US crude

December 24, 2018

Oil prices turned lower on Monday as stock futures indicated U.S. equity markets would open lower, after earlier pointing to a bounce following the worst week for stocks in a decade. Brent crude futures were down 57 cents, or 1.1 […]

March 28, 2018

The oil market’s rally toward 2018 highs broke down on Wednesday as U.S. crude stockpiles jumped, geopolitical tensions faded into the background and a firmer dollar put pressure on the commodity. Futures extended early losses after the U.S. Energy Information […]

February 12, 2018

OPEC said Monday it expects demand for oil to grow faster than it originally expected in 2018, but the organization also sees supplies from beyond the producer group surging this year, driven by rising U.S. output. A monthly report also […]

August 17, 2016

US shipments of crude by rail have almost halved this year due to the narrowing spread between domestic and international crude prices, new pipelines and declining oil production in the Midwest and Gulf Coast. Between January and May average daily […]

July 12, 2016

The US Energy Information Administration (EIA) projects that US petroleum and other liquid fuels production, which in addition to crude oil and condensate production includes natural gas plant liquids derived from natural gas processing as well as biofuels and volume […]

June 27, 2016

Oil prices dropped on Monday, extending sharp declines after Britain’s vote to leave the European Union sparked a sharp selloff in global markets on Friday. Global financial markets plunged on Friday as results from a referendum defied bookmakers’ odds to […]

May 25, 2016

Oil futures pushed closer to $50 a barrel on Wednesday, with U.S. crude hitting its highest in over seven months after industry data suggested a larger-than-expected drawdown in U.S. crude inventories last week. Oil markets were also supported by an […]

May 17, 2016

Oil futures rose for a second straight session on Tuesday, with U.S. crude hitting a six-month high, as the market focused on supply disruptions that prompted long-time bear Goldman Sachs to issue a bullish assessment on near-term prices. Oil prices […]

April 14, 2016

Oil prices fell on Thursday as OPEC warned of slowing demand and Russia hinted that there might only be a loose agreement with little commitments at the upcoming exporter meeting to rein in ballooning oversupply. Meanwhile, Goldman Sachs said that […]

April 13, 2016

Oil futures fell around 2 percent on Wednesday on concerns that a producer meeting planned for Sunday could fail to rein in ballooning overproduction, while a stronger dollar also weighed on fuel markets. As of 0716 GMT, Brent crude had […]

April 6, 2016

Crude futures jumped on Wednesday as hopes for an agreement among exporters to freeze output underpinned the market, although a persistent global oversupply and Iran’s plans to boost production pressured physical oil prices. Oil futures recovered from one-month lows to […]

March 28, 2016

Oil prices rose on Monday after a three-day break, adding to gains in recent weeks as optimism holds that a production freeze among major producers may be implemented, but volumes were thin as a number of markets remain on holiday […]