crude oil prices

Crude Oil Price Slips as Inventory Drops Sharply

Posted: April 25, 2018 at 10:55 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories increased by 2.2 million barrels last week, maintaining a total ...
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Short Sellers Pile Into Major Oil Stocks

Posted: April 25, 2018 at 9:55 am

Crude oil is back above $67 a barrel after suffering through a rough March, and before this oil had not been at this price level in over two years. We ...
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US Oil Rig Count Rises by 5; Crude Price Dips Slightly

Posted: April 20, 2018 at 1:50 pm

In the week ending April 20, 2018, the number of land rigs drilling for oil in the United States totaled 820, up by five compared to the previous week and ...
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Trump Takes a Shot at OPEC Over High Oil Prices

Posted: April 20, 2018 at 10:10 am

Ahead of Friday's meeting of Organization of Petroleum Exporting Countries (OPEC) and non-OPEC oil ministers who joined forces more than a year ago to reduce the oversupply of crude oil, ...
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Despite Oil Back Above $68 per Barrel, 10 Major Oil and Gas Stocks Still Negative So Far in 2018

Posted: April 18, 2018 at 4:19 pm

With West Texas Intermediate crude oil putting in another strong day, a gain of more than $2 per barrel has put the price of benchmark crude back above $68.50 per ...
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Crude Oil Price Jumps on Inventory Drawdowns

Posted: April 18, 2018 at 11:25 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories decreased by 1.1 million barrels last week, maintaining a total ...
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Why Saudi Aramco Is the World’s Most Profitable Company

Posted: April 13, 2018 at 10:55 am

Saudi Arabia announced in 2016 that it planned to sell 5% of its state-owned oil company, Saudi Aramco, in an initial public offering (IPO) aimed at raising $100 billion. If ...
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Crude Oil Supply-Demand Balance in Sight: IEA

Posted: April 13, 2018 at 7:55 am

In its monthly Oil Market Report for April released Friday morning, the International Energy Agency (IEA) said that global crude supplies fell by 120,000 barrels per day in March to ...
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Crude Oil Price Pares Gain Following Inventory Increase

Posted: April 11, 2018 at 11:10 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories increased by 3.3 million barrels last week, maintaining a total ...
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Major Oil Stocks Scare Off Short Sellers

Posted: April 11, 2018 at 9:15 am

Crude oil is back above $66 a barrel after suffering through a rough March, and before this oil had not been at this price level in over two years. We ...
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US Gasoline Prices to Jump 14% This Summer

Posted: April 10, 2018 at 12:59 pm

The U.S. Energy Information Administration (EIA) on Tuesday released its Short-Term Energy Outlook (STEO) for April, forecasting an average price retail price for a gallon of regular gasoline will reach ...
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US Oil Rig Count Jumps by 11; Crude Price Sinks

Posted: April 6, 2018 at 1:55 pm

In the week ended April 6, 2018, the number of land rigs drilling for oil in the United States totaled 808, 11 more than in the previous week and up ...
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Crude Oil Price Bounces Around After Mixed Inventory Report

Posted: April 4, 2018 at 11:10 am

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories decreased by 4.6 million barrels last week, maintaining a total ...
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US Oil Rig Count Slashed by 7; Crude Price Wobbles but Remains Up

Posted: March 29, 2018 at 1:40 pm

In the week ended March 29, 2018, the number of land rigs drilling for oil in the United States totaled 797, seven less than in the previous week and up ...
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Oil Drillers See Profits Continuing

Posted: March 29, 2018 at 1:15 pm

If crude oil prices remain above $55 a barrel this year (as they are expected to do), oil exploration and production (E&P) companies operating in U.S. oil fields expect to ...
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