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Posts related to ‘crude oil market’

Oil price fall graphic

Crude Oil Futures Heading Lower on Rise in OPEC Output

Posted: May 13, 2013 at 8:40 am

The Organization of Petroleum Exporting Countries (OPEC) produced 30.46 million barrels of crude every day last month, well above its agreed quota of 30 million barrels a day. The message: ...
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OPEC Sees Lower Oil Demand for 2011

Posted: October 11, 2011 at 9:18 am

Crude oil prices rose about 3% yesterday primarily on the news that the France and Germany would do something to shore up their banks. Equities also rose by about the ...
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What Does it Mean When Floating Crude Oil Storage Tumbles?

Posted: September 14, 2011 at 11:59 am

Using very large crude carriers (VLCCs) as floating storage tanks is usually expensive and, therefore, only occasionally used. There are exceptions to that generalization, but no trader wants to pay ...
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OPEC Hints at Production Cuts

Posted: September 12, 2011 at 12:40 pm

Worries over the global economy have been keeping a lid on oil prices, which have dropped back to levels last seen at the beginning of the year. WTI crude is ...
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