Tanker-tracking data shows Saudi exports are back on the rise this month. Shipments from other OPEC members also remain strong, according to ClipperData. Oil in floating storage and in transit are not "showing signs of a materially tightening market ...
Posted: June 27, 2017, 3:18 pm
The American Petroleum Institute reported Tuesday a climb of 851,000 barrels in U.S. crude supplies for the week ended June 23, according to sources. The market was generally expecting a decline in weekly crude inventories as Tropical Storm Cindy disrupted ...
Posted: June 27, 2017, 3:16 pm
In the 1st half of 2014, the outlook for oil was bright. Prices were rising, companies were investing and free cash flow was gushing. The good times were expected to last; on June 30th, 2014, the average analyst forecast for oil prices (West Texas ...
Posted: June 27, 2017, 2:52 pm
BUZ INVESTORS oil Price Midday Glance Oil prices increased for the fourth session in a row on Tuesday, amid a weaker US dollar and on expectations of a weekly decline in the US crude inventories. Meanwhile, worries over supply glut still persist.
Posted: June 27, 2017, 12:30 pm
After hitting lows of $25 in January 2016 and recovering to $60, crude oil has now gone below the psychologically important $50 per barrel price point. Stock prices of premier oil services companies, Core Laboratories and Schlumberger are now close to 3 ...
Posted: June 27, 2017, 12:01 pm
Oil prices climbed Tuesday for a fourth session in a row, as analyst forecasts pointed to a weekly drop in U.S. crude supplies. The market predicts that output disruptions caused by Tropical Storm Cindy will contribute an inventory decline for last week.
Posted: June 27, 2017, 11:35 am
Success! has been added to your Ticker Alerts. The expectation of a fall in OECD’s oil inventories in 2017 could support crude oil prices in 2017. Saudi Arabia’s crude oil exports to the US and Asia could fall in the coming months. It would draw down ...
Posted: June 27, 2017, 8:31 am