Tag Archives: Oil

Oil prices fell on Wednesday (October 20th) after the Chinese government intensified its efforts to curb the record rise in coal prices and operate coal mines at full capacity to ease the energy shortage crisis. Prices of Chinese coal and other commodities fell in early trading, which in turn led …

Oil, Crude, trading

Oil, Crude, trading

U. S. Press Secretary Jen Psaki assured that the White House is continuing to press OPEC member states to address the crude oil supply issue. “I would also note that what we’re also working to address is more of a logistics issue of how we are moving supply around the …

Three sources from OPEC+ told Reuters on Monday that the alliance’s commitment to oil cuts fell slightly to 115 percent in September. The figure shows that some members are still facing production problems according to their agreed quotas due to various technical problems.

NYMEX crude prices rose during those moments from their highest levels since the beginning of October 2014, as they rose to levels of 83.73 dollars per barrel, an increase of about 1.5 percent. While the benchmark Brent crude broke the levels of 86 dollars for the first time since mid-October …

Baker Hughes data on Friday reported that the number of active U.S. rigs drilling for oil climbed by 12 to 445 this week. This data followed increases throughout the last five weeks.Active U.S. rig count, including natural gas ones, climbed by 10 to stand at a total of 543 according …

Oil prices jumped on Friday, heading for weekly gains of more than 3 percent, amid increasing evidence of tight supply over the next few months, with increased expectations of a shift to petroleum products in light of the sharp rise in natural gas and coal prices. Brent crude futures touched …

Oil, Crude, trading

Oil prices rose on Thursday, reversing earlier losses, as larger-than-expected drawdowns in US gasoline and distillate inventories prompted buying, and the rally was also supported by expectations that higher natural gas prices as winter approaches will shift to oil to meet heating demand. Brent crude futures rose 67 cents, or …