crude oil prices

crude oil prices Articles

Is demand picking up, is supply drying up or is something else going on to drive up the price of crude oil?
Ocean Rig UDW gave an update on its fleet and where it currently stands, based on spending cuts from major oil companies.
U.S. commercial crude inventories increased by more than 3 million barrels last week, according to the EIA.
Petrobras announced Tuesday morning that it is cutting its spending plan for the current fiscal year and the next.
The massive drop in crude oil prices over the past year is about to end, according to OPEC, which did not say how soon or how big.
In the week ended October 2, the number of rigs drilling for oil in the United States dropped to 614, according to the Baker Hughes North American Rotary Rig Count.
Oppenheimer believes that in the long run oil prices are unsustainable at these levels, and there are several catalysts that could present negative headwinds over the next several weeks.
Oil has been absolutely beaten up over the past year, and that has resulted in the awful treatment of speculative companies within the industry.
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 4 million barrels last week,...
In the week ended September 25, the number of rigs drilling for oil in the United States totaled 640, according to Baker Hughes.
The September 15 short interest data have been compared with the previous figures, and short interest for the selected big oil stocks increased almost across the board.
ShutterstockInvestors seeking good bets in the oil and gas exploration and production (E&P) sector are not exactly thick on the ground. Nor are there a lot of good bets on offer. The chief...
U.S. refineries have begun the transition to winter-grade fuel and we should see refinery throughput slow to below 90% of capacity in the next week or two before picking up again.
The industry's capacity could accommodate 40 to 50 new projects a year and there are currently just six on the list for this year.
ThinkstockIn the week ended September 18th, the number of rigs drilling for oil in the U.S. totaled 644 compared with 652 in the prior week and 1,601 a year ago. Including 198 other rigs drilling for...