By Barani Krishnan Investing.com - Oil managed to eke out a gain after starting the week with the worst tumble in 16 months, leaving longs in the market shaken but unscathed. What oil bulls...
By Peter Nurse Investing.com -- Crude oil prices edged down Friday, holding above $70 a barrel and only marginally lower on the week after riding out a series of negative shocks. By 10:05...
Despite a major oil price crash on Monday, oil prices are now on course to close out the week more or less unchanged.Friday, July 23rd, 2021The news of OPEC+ bringing back withheld...
Oil futures edged higher on Friday, with prices shaking off a steep loss on Monday to end the week with a gain. Oil prices had plunged in the early part of the week on "concerns that rising...
The crude oil markets have broken down quite drastically during the course of the week only to turn around and recover.
The crude oil markets have rallied quite extensively after falling hard during the week, but at this point in time the market seem to be perfectly happy with sadly towards the top of the...
The number of oil and gas rigs in the United States is up 7 this week, according to Baker Hughes, which pegged the total rig count at 491, up 240 from the same time last year. The U.S. oil...
The number of active drilling rigs in the U.S. continues to rise, adding another 7 to 491 in Baker Hughes' latest weekly survey.Drilling rigs targeting crude oil gained 7 to 387,...
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was up by seven at 387 this week. That marked a fourth weekly rise in a row. The total active U.S. rig...
Halliburton, Schlumberger and Baker Hughes started tightening their belts in 2019.They now say the worst is now behind them.
Oil Oil prices have bounced back strongly after a rocky start to the week. OPEC+ struck a deal to slowly ramp up production each month by 400,000 with a view to erase all cuts by the end of...
A rollercoaster week for oil prices has WTI crude recovering almost half of the 15% plunge that took place over the past two prior weeks. Crude prices are slightly softer as energy traders...
A rollercoaster week for oil prices has WTI crude recovering almost half of the 15% plunge that took place over the past two prior weeks. Crude prices are slightly softer as energy traders...
The war between the oil and gas industry and renewables has been raging for years—but this time the battle is a literal one, over land. This particular dispute is between Midway Solar—which...
By Geoffrey Smith Investing.com -- Strong reports from social media companies Snap (NYSE:SNAP) and Twitter provide a strong warmup act for Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOGL)...
Indian Oil Corporation (IOC), the largest oil refiner in the country, looks to boost its crude oil refining capacity by one-third over the next half-decade as it believes gasoline and diesel...
The Canadian dollar slipped against its U.S. counterpart for the second straight day on Friday as the firm greenback and falling energy prices weighed on the commodity currency.
The In-fa typhoon, which caused devastating flooding in parts of China this week—claiming at least 33 lives—is expected to make landfall this weekend in a key area hosting some of the...
State-sponsored Chinese actors targeted U.S. oil and gas pipeline companies in a spearphishing and intrusion campaign between 2011 and 2013, a Joint Cybersecurity Advisory, coauthored by the...
High oil prices and China’s crackdown on the use of oil import quotas could result in the lowest crude oil import growth at the world’s top oil importer since 2001, analysts tell Reuters....
Now that the OPEC+ cartel has resolved its latest internal spat, it’s a good time to assess where the U.S. domestic oil and gas boom stands and where it goes from here. Despite the presence...
A Chinese logistics firm has emerged as a central player in the supply of sanctioned oil from Iran and Venezuela, even after it was blacklisted by Washington two years ago for handling...
The markets may have recovered this week’s earlier losses, but they’ve only retraced about 62% of the break from the July 6 top to the July 20 bottom.
Oil futures edge lower Friday and remain on track for a weekly loss, but bounce significantly following a Monday rout.
Oil fell further below $74 a barrel on Friday but was on track to end the week largely unchanged after rebounding from a sharp drop on Monday, underpinned by expectations that supply will...
Major oil producers are betting that the world will need more crude supplies through next year, even as the spread of the coronavirus delta variant clouds the outlook for the economic...
Saudi Arabia and the other members of OPEC+ may have more room to raise production in the coming years than the market believes if Baker Hughes’ latest earnings are anything to go by. The...
By Gina Lee Investing.com – Oil was down Friday morning in Asia, but held onto the bulk of a three-day advance, as optimism that rising demand will tighten the global market prevailed. Brent...
PDVSA is offloading more than a half a million barrels per day of condensate that it has imported in order to blend with its extra heavy crude oil, according to PDVSA documents that Reuters...
Continued signs of global economic recovery from the coronavirus pandemic should prompt further demand growth for oil and natural gas, not only for second-half 2021 but for 2022, big oil...
Significant oil and gas supply aided by the shale revolution, followed by plummeting oil and gas demand due to the the COVID-19 crisis, brought oil prices and companies to their knees until...
Venezuelan state oil company PDVSA has named new vice presidents for exploration and production and for international affairs, according to a document seen by Reuters on Wednesday and three...
Iran's outgoing President Hassan Rouhani officially opened on Thursday the country's new oil export terminal built to allow the Islamic Republic to ship crude oil without the need for...
The ALPS Alerian MLP ETF (NYSEArca: AMLP) and its midstream components are dealing with a near-term uptick in volatility as oil prices decline amid the expansion of the delta variant of the...
The forecasts for $100 oil are still being bandied about. But there is a new sober in the market after oil prices came crashing down earlier this week with a 7% slide. Barclays, for one, is...
By Peter Nurse Investing.com -- Crude oil prices pushed higher Thursday, trading back above $70 a barrel and helped by a broader market rally which has recently outweighed concerns about...
Oil futures marked their third-consecutive gain on Thursday, as U.S. prices continued to rebound from Monday's more than 7% drop. Front-month contract prices for West Texas Intermediate...
Hedge funds’ performance and asset flow are fiercely picking up. With the pandemic easing off, the industry has returned 3.7% in the second quarter of 2021, with a top-level year-to-year...
Tight oil markets sends crude prices higher Crude prices are climbing higher as traders continue to believe that the short-term delta variant jitters won’t change this market away from a...
Iran says it has opened its first oil export terminal in the Gulf of Oman to allow Tehran to avoid using the strategic Strait of Hormuz shipping route that has long been a focus of regional...
A Chinese logistics company has become the key intermediary helping Iran and Venezuela to export their crude oil in defiance of the U.S. sanctions against the two OPEC members, multiple...
Major oil producers are betting that the world will need more crude supplies through next year, even as the spread of the coronavirus delta variant clouds the outlook for the economic...
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