crude oil prices
crude oil prices Articles
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 2.9 million barrels last week, bringing the...
Published:
Energy exploration & production firm Midstates Petroleum Co. (NYSE: MPO) today announced that it would pay $650 million in cash and stock for 109,000 acres net acres of producing, developed, and...
Published:
Futures prices for gold, silver, and WTI crude are all lower today as the dollar gains strength against the euro. Oddly enough, the dollar index versus a basket of currencies is down this morning...
Published:
WTI crude hit a high for the year of just over $110/barrel in February. WTI closed at just under $88/barrel last night. The price for Brent crude has fallen from near $127/barrel to around...
Published:
At an energy conference in Paris today, the secretary general of OPEC, Abdalla Salem el-Badri, said that the cartel is “not happy” with crude oil prices in the $110-$130/barrel range and that...
Published:
Analysts at Goldman Sachs have noted that Saudi Arabia has increased its crude oil inventories by 34.5 million barrels in the three-month period from December 2011 to February 2012. Goldman views the...
Published:
When 18 economists were asked to name the biggest threat to the recovering US economy, 9 answered that an oil price spike caused by a US-Iran confrontation is the most likely. Other contenders...
Published:
The chatter is heating up that the US, the UK, and France are considering a co-ordinated release of crude oil from their strategic reserves. Last year during the turmoil in Libya, the International...
Published:
Just before 10:00 a.m. this morning, Reuters published a story reporting that Iranian crude oil exports have fallen by 300,000 barrels/day in March. That’s a drop of 14% in Iran’s exports and the...
Published:
Last Updated:
Christine Lagarde, managing director of the International Monetary Fund (IMF), said yesterday that the threat to the euro and the eurozone has been met for the time being and that the next battle to...
Published:
After a fairly wild ride, WTI crude oil futures for April delivery closed the week at $107.06/barrel, a drop of -0.3% from a week ago, but about 2% higher than where they started the day. Brent crude...
Published:
Last Updated:
The proposed 1,700-mile Keystone XL pipeline will not make the US more energy independent nor will it lower gasoline prices. If anything, the pipeline from western Canada’s oil sands to the US Gulf...
Published:
Last Updated: