Search Results for: U.S. oil
What oil freeze? Saudi Arabia and Russia pump more
March 15th, 2016
So much for that agreement to freeze output. The latest oil market data reveal that both Russia and Saudi Arabia ramped up their oil production in February, despite talks about supply caps. The two oil countries agreed to freeze output at ...
Oil Prices Sink As Investors Lose Faith In OPEC Freeze
March 11th, 2016
Two hundred and twenty-two years after John Stone patented the pile driver, and the oil market is trying to dodge getting hammered today. After yesterday’s EIA-inspired hullabaloo, oil is looking lower. Here are seven things to consider on this ...
Oil Hits Three-Month High on Gasoline Demand
March 10th, 2016
Oil prices surged to a three-month high Wednesday after government data showed demand for gasoline and diesel fuel was far higher than even bullish expectations. The U.S. Energy Information Administration said gasoline stockpiles fell last week three times as ...
Oil at 2016 high above $40 per barrel after producer price support talk
March 8th, 2016
Global oil markets jumped more than 5 percent on Monday, with Brent hitting a 2016 peak above $40 a barrel, after Ecuador said it was holding a meeting of Latin American crude producers as OPEC sought a higher anchor ...
Brokers and Big Oil Fight Obama Rush to Make Rules by May Cutoff
March 8th, 2016
Rules imposed on or after May 17 have higher risk of repeal Mandates touch on investment advice and workplace safety The Obama administration is in a mad rush to draft regulations before the clock runs out and an obscure ...
Iran Oil Lands in Europe for First Time Since Sanctions End
March 7th, 2016
Spanish refiner Cepsa offloads first tanker with Iranian crude France and Romania await cargoes as Iran slowly ramps-up sales The Monte Toledo oil tanker covered the uneventful voyage from Iran to Europe with a haul of 1 million barrels ...
Asian shares hit two-month high after solid U.S. job growth
March 7th, 2016
Asian shares hit two-month highs on Monday, extending sharp gains from last week, following upbeat U.S. jobs data, a rebound in oil and commodity prices and a flurry of reassurances from Chinese leaders that the economy would remain on ...
U.S. data flow suggests economy regaining steam
March 4th, 2016
The number of Americans filing for unemployment benefits unexpectedly rose last week, but the underlying trend continued to point to a strengthening labor market. The labor market optimism was, however, dimmed somewhat by a survey on Thursday showing employment ...
Oil prices edge up as confidence rises that market has bottomed
March 3rd, 2016
Oil prices edged higher on Thursday as sentiment spread that a 20-month-long market rout is coming to an end as production slows amid strong demand. U.S. crude futures were trading at $34.76 per barrel at 0540 GMT, up 10 ...
Shale Oil Isn’t Saudi Arabia’s Only Nemesis
March 2nd, 2016
Even when glut stops growing, market might shrug: SocGen History shows oil rebound will hinge on stockpiles: Goldman Even if Saudi Arabia wins its struggle with U.S. shale producers over market share, it will face a new billion-barrel adversary. ...
