Search Results for: Oil prices
Brent down; U.S. oil up on stock, rig data in thin Thanksgiving trade
November 26th, 2015
Brent crude oil futures eased but U.S. crude extended gains on Thursday on light trading due to the Thanksgiving holiday, after a smaller-than-expected inventory build in the United States and a fall in the number of U.S. rigs actively ...
Big Oil: Which Are The Top 10 Biggest Oil Companies?
November 25th, 2015
Energy analysts are paying a lot of attention to which companies are cutting back on drilling, which are going bankrupt, and who will be able to survive the downturn. At least 37 oil and gas companies have filed for bankruptcy so ...
Asia stocks stumble on geopolitical tensions, oil stands tall
November 25th, 2015
Asian stocks were on edge on Wednesday as geopolitical tensions flared after Turkey downed a Russian fighter jet, while crude oil prices extended gains. Spreadbetters expected some of the tension to have eased when trading begins in Europe, forecasting ...
U.S. oil plunges more than 2 percent on supply glut woes
November 23rd, 2015
Crude futures lost ground in early Asian trading on Monday, with U.S. oil plunging over 2 percent on festering worries over a global supply surplus. U.S. crude’s West Texas Intermediate (WTI) January contract CLc1 had dropped 78 cents, or ...
Why OPEC Can’t Win The Oil Price War
November 19th, 2015
As the oil price war unfolds it becomes easier to understand the outcome. There is ongoing speculation about the motives of the main players. Is it a battle between OPEC and US shale? Or a battle by the U SA and ...
Gold Prices Rise as Paris Attacks Spark Safe-Haven Demand
November 17th, 2015
Gold’s gains could be short lived, analysts say, as the market refocuses on the U.S. Federal Reserve Gold prices rose, breaking a three-session losing streak as the terror attacks in Paris sparked safe-haven demand for the metal. The precious metal has ...
Oil Approaching $40 Deepens Investor Pessimism on Recovery
November 17th, 2015
Hedge funds’ short position grew 21% through Nov. 10: CFTC IEA sees `massive cushion’ worldwide on record production Hedge funds have turned more pessimistic on oil as prices flirted with $40 a barrel for the first time since August. ...
Saudi Arabia Preparing To Fuel Its $100 Billion Oil War With Debt
November 16th, 2015
Saudi Arabia has probably spent around $100 billion of its foreign reserves by now to prosecute its war against American shale and other low-cost oil producers. The oil kingdom’s decision one year ago not to cut production to support ...
IEA releases Oil Market Report for November
November 16th, 2015
Non-OPEC output to slip more than 0.6 mb/d in 2016 as demand growth slows to 1.2 mb/d from five-year high Global demand growth is forecast to slow to 1.2 million barrels per day (mb/d) in 2016 after surging to ...
Oil edges up after Paris attacks, French air strikes in Syria
November 16th, 2015
Crude oil futures rose on Monday as France launched large-scale air strikes against Islamic State in Syria, but analysts said oil and other commodities were expected to remain under pressure as oversupply weighs on prices. Crude benchmarks, which lost ...
