crude oil prices
crude oil prices Articles
Once again in July, the 14 members of OPEC exceeded their self-imposed quota on production. The cartel also saw a year-over-year price gain of 34% and is encouraged by falling inventories, higher...
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The July 31 short interest data have been compared with the previous figures, and short interest moves for most of the selected oil stocks were downward.
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U.S. crude oil stockpiles fell by more than 6 million barrels last week, but gasoline inventories unexpectedly rose and refinery runs were significantly higher than anticipated.
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Turmoil in Venezuela following the elections late last month have added fuel to a fire that blew into life when oil prices crashed and the country's main source of export revenue began to dry up.
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The US oil rig count dropped by 1 week over week according to Friday's report from Baker Hughes. Rigs drilling for natural gas dropped by 3 in the week, to 189 compared to 81 a year ago.
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U.S. commercial crude oil stockpiles dropped slightly last week, mainly the result of higher refining runs even as imports also rose a bit. Gasoline inventories also fell last week while imports rose...
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Ranger Energy Services intends to price 5 million shares in the range that will result in an initial public offering valued up to more than $103 million.
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The U.S. land-based rig count rose by two last week, according to Baker Hughes. New rigs drilling for natural gas were up by six, and the year-over-year increase in rigs rose to 495.
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Chevron and Exxon are both scheduled to release their most recent quarterly reports before the markets open on Friday.
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U.S. crude oil stockpiles fell by more than 7 million barrels last week, putting more support under rising crude oil prices. Gasoline and distillate (diesel fuel) inventories increased.
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The July 14 short interest data have been compared with the previous figures, and short interest moves for the selected oil stocks were mixed.
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Saudi Arabia has agreed to limit its exports of crude oil and Nigeria has agreed to cap its production at current levels in an effort to raise crude oil prices. The agreements were announced this...
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The US onshore oil rig count dropped by one this week according to the weekly report from Baker Hughes. A sharp projected increase in OPEC production reported earlier this morning is keeping a lid on...
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AAA forecast this morning that US gasoline prices could rise to a year-to-date high above $2.42 a gallon by the end of the summer, with a big jump possible within the next week.
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US crude oil stockpiles fell by 4.7 million barrels last week and gasoline inventories dropped by 4.4 million barrels. This may not be altogether good news for producers.
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