Search Results for: U.S. oil
U.S. Trade Gap Widens on Surging Imports
May 6th, 2015
Stronger dollar, influx of foreign goods augur lower numbers on economic growth A stronger dollar and an influx of pent-up imports into West Coast ports are pointing the U.S. economy toward its third quarterly contraction in its six-year-long expansion, ...
Oil Holds Below $60 as China Manufacturing Shows Slowing Demand
May 4th, 2015
Oil held below $60 in New York as a Chinese manufacturing gauge weakened in April, signaling fuel demand is slowing in the world’s biggest energy consumer. Futures in New York rose 0.1 percent after falling 0.8 percent on Friday. ...
Brent crude hits 2015 highs as U.S. production slows
April 16th, 2015
Brent crude oil hit 2015 highs above $63 per barrel on Thursday after a rally of more than 5 percent the previous session and analysts said more price rises were likely despite market oversupply. Front-month Brent crude futures LCOc1 rose above $63 a ...
Top 12 Media Myths on oil prices
April 13th, 2015
The upstream oil and gas industry is not a black hole. There’s no mystery wrapped in an enigma here. There are a lot of meetings with engineers, chemists and geologists. There’s a constantly evolving learning curve. And then there’s ...
Saudis Raise Oil Pricing to Asia on Signs of Demand Growth
April 6th, 2015
Saudi Arabia, the world’s largest crude exporter, raised pricing for all May sales to Asia, after the country’s oil minister said global demand was improving. State-owned Saudi Arabian Oil Co. narrowed the discount for its Arab Light grade to ...
Asia up after dismal U.S. jobs data, dollar pressured
April 6th, 2015
Asian shares rose and the dollar steadied but remained under pressure on Monday, after a dismal U.S. jobs report led investors to pare bets the U.S. Federal Reserve would hike interest rates anytime soon. Major European markets were closed from Friday to ...
Iran Moves Closer to Restoring Oil Exports on Nuclear Accord
April 3rd, 2015
Iran’s accord with world powers brings the OPEC member a step closer to restoring oil production that was cut by sanctions while leaving unresolved when it will happen. The preliminary agreement outlined Thursday signals the Persian Gulf nation may ...
Oil retreats from large jump as focus returns to Iran talks
April 2nd, 2015
Oil prices fell on Thursday as attention returned to nuclear talks with Iran, with the prospects for a deal and an increase in Iranian crude exports helping to keep pressure on prices. Major powers and Iran have stretched talks on Tehran’s nuclear ...
Oil extends losses as deadline for Iran nuclear deal looms
March 31st, 2015
Oil futures extended losses on Tuesday, as Iran and six world powers ramped up the pace of negotiations to reach a preliminary deal that could ease sanctions and allow more Iranian crude onto world markets. With a deadline less than 24 ...
Oil price ‘could fall to $30’ say trading experts
March 27th, 2015
Oil prices continued their downward spiral Friday, falling more than $1, after a short-lived rally of around 5 percent the previous day, as concerns of a disruption to supplies in the Middle East appeared to ease. Against this backdrop, ...
