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Oil prices fall as a result of rising US drilling activity
Energy - Mar 20, 2017
On Monday, the oil prices dipped due to rising US drilling activity as well as steady supplies from OPEC countries despite publicized production trims.
Oil prices plunge to hit the lowest level for 2017
Energy - Mar 10, 2017
OPEC and Russia’s effort to end the chronic oversupply and to increase oil prices negated by increasing U.S. productions in Permian, North Dakota and Oklahoma regions.
Booming US Oil Industry to hit all-time high production in 2018
Energy - Mar 09, 2017
After oil price war with OPEC, better technology, improved balance sheets and the Permian Basin to drive growth in US oil industry.
Oil prices fall as markets remain swollen
Energy - Feb 13, 2017
Oil prices dropped on Monday on predictions that global fuel markets remained swollen even though OPEC-led crude production cuts.
Oil price decline extends due to rising US output
Energy - Jan 30, 2017
On Monday, the decline in the oil prices extended due to significant signs of surging output in the United States.
Oil markets recover losses, but supply cut confusions linger
Market - Jan 10, 2017
On Tuesday, oil markets moved higher on bleak expectations that some form of supply cut would be imposed.
China might hinder OPEC’s effort to stabilize oil markets, says analyst
Energy - Dec 28, 2016
According to an analyst at ClipperData, OPEC’s effort to equalize the overbalanced oil market could be affected by the unplanned consequence of crumpling crude demand from China.
U.S. crude oil prices settle at 17-month high after meagre gain
Energy - Dec 24, 2016
The gain, however, is seen as a small step since the market is sighting OPEC’s management towards planned output cuts against an expected production boost from Libya.
The global oil glut expected to evaporate in the first half of 2017
Market - Dec 15, 2016
The International Energy Agency said that it believes the global crude oil gut will start disappearing in the first half of 2017, much earlier than it was previously expected.
OPEC-Russia Output Slash Deal Leads to Dip in Oil Prices
Market - Dec 02, 2016
Last week, there were serious tensions regarding the OPEC meet which was rescheduled due to Saudi Arabia’s exit and Russia’s worry regarding the output slash. But the story has turned out
Oil price slips due to tricky crude output levels
Market - Nov 30, 2016
Russia’s conflict emerged over which areas or states should reduce crude oil outputs so as to curb the global production menace. OPEC has rescheduled its meet on Wednesday that will take place i
Oil prices rise slowly during the oversupply of crude: OPEC
Industry - Nov 11, 2016
The Organization of the Petroleum Exporting Countries (OPEC), assume that the spike in oil prices would be slow over the next few years than it had estimated. According to the OPEC, the prices o