OPEC

Oil Rig Count Rises by 21, Hedge Funds Net Short 100 Million Barrels in Past 2 Weeks

In the week ended March 24, 2017, the number of rigs drilling for oil in the United States totaled 652, up by 21 compared with the prior week and 280 ...
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Crude Oil Prices Tumble on Another Big Inventory Addition

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 5 million barrels last week, maintaining a total U.S. commercial ...
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Oil Rig Count Rises by 14, Hedge Funds Pile Into Short Positions

In the week ended March 17, 2017, the number of rigs drilling for oil in the United States totaled 631, up by 14 compared with the prior week and up ...
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Crude Oil Prices Hold Gains After Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 200,000 barrels last week, maintaining a total U.S. commercial crude ...
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OPEC Reports 2% Rise in Crude Prices Last Month; Saudi Production Rises Too

In its Monthly Oil Market Report for March, released Tuesday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel's price for its reference basket rose to ...
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Oil Rig Count Rises by 8, Hedge Funds Now Wary of Massive Long Positions

In the week ended March 10, 2017, the number of rigs drilling for oil in the United States totaled 617, up by eight compared with the prior week and up 231 ...
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Lack of Investment Poses Risk of Sharp Increase in Oil Price

At Monday's opening session of CERAWeek, an annual major energy industry conference in Houston, the International Energy Agency (IEA) released its latest medium-term oil market report, indicating strong growth in ...
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fracking

Oil Rig Count Rises by 7, Hedge Funds Reverse Course, Add Short Positions

In the week ended March 3, 2017, the number of rigs drilling for oil in the United States totaled 609, up by seven compared with the prior week and up 217 compared ...
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fracking

Oil Rig Count Rises by 5, Hedge Funds at Record Long Futures Positions

In the week ended February 24, 2017, the number of rigs drilling for oil in the United States totaled 602, up by five compared with the prior week and up from a ...
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Oil Barrels

Crude Oil Price Dips on Record Inventory Levels

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 9.5 million barrels last week, maintaining a total U.S. commercial ...
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OECD

IEA Oil Market Reports Pushes Crude Prices Higher

In its monthly Oil Market Report for January released Friday morning, the International Energy Agency (IEA) said that global crude supplies plummeted by 1.5 million barrels per day, primarily due to ...
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oil rig

Crude Oil Price Strengthens After IEA Reports Much Lower December Production

In its monthly Oil Market Report for December released Thursday morning, the International Energy Agency (IEA) said that global crude supplies decreased by 600,000 barrels per day, primarily due to ...
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OPEC

OPEC Reports 20% Jump in Crude Prices in December

In its Monthly Oil Market Report for December, released Wednesday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel's price for its reference basket rose to ...
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Oil Barrels

Crude Oil Price Remains Flat, Waiting for January Cuts to Start

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, one day later than usual due to the Christmas holiday. U.S. commercial crude inventories increased by ...
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fracking

Oil Rig Count Up by 13; Producers Dropping Hedges as Crude Price Rises

In the week ended December 23, the number of rigs drilling for oil in the United States totaled 523, up by 13 compared with the prior week and down 15 ...
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