crude oil prices
crude oil prices Articles
Pipeline takeaway from the Permian Basin is vanishing as crude oil production grows by around 70,000 barrels a day. This forces producers to sell their crude at a sharp discount as they pay more for...
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The number of land-based rigs drilling for oil in the United States was unchanged this week. This is the first week in seven that the count has not increased.
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The EIA reports that U.S. crude oil inventories fell by 1.4 million barrels last week and gasoline stockpiles fell by 3.8 million barrels. But production and exports continue rising, offsetting the...
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The International Energy Agency this morning released its monthly report on the global oil market. The IEA is forecasting slightly lower demand for this year as rising prices begin to take their toll.
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The U.S. Energy Information Administration released its Drilling Productivity report today showing an estimated production growth of 144,000 barrels of oil a day from the 7 major onshore shale oil...
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Land-based oil producers in the United States added 10 new rigs this week and natural gas producers added three, as rig counts continue to surge on rising commodity prices.
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When the U.S. imposes new sanctions on Iran later this year, restrictions on oil exports will be a big piece of the penalty. Could Iran turn to the black market to make up for the lost cash flow?
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The April 30 short interest data have been compared with the previous figures, and short interest in most of these selected big oil stocks decreased.
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Tesla must answer for another death in one of its cars, crude prices surge after the United States pulls out the Iran deal, Wells Fargo may be in more trouble with regulators, and other important...
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U.S. crude oil inventories fell by more than 2 million barrels last week, considerably more than expectations. Prices have jumped more than 3%, largely due to the U.S. withdrawal from the nuclear...
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In its monthly Energy Update, the Federal Reserve Bank of Dallas discusses how the lack of pipeline capacity from the Permian Basin is costing crude oil producers up to $11 a barrel.
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Oil above $70 affects the price of gas, oil and petrochemical products, making a rapid rise a challenge to an American economy, which is growing less than 2.5%.
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The number of U.S. land-based oil rigs rose by nine this week as six new rigs were added in the Permian Basin. Crude oil prices remained higher.
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U.S. crude oil stockpiles rose by more than 6 million barrels last week and gasoline stocks rose by more than 1 million likely due to lower export levels of both crude and refined products.
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The Baker Hughes land-based rig count total rose by eight this week. Five new rigs are out there looking for oil and three are searching for more natural gas.
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