|Day's Range||64.09 - 64.89|
India was scheduled to lift its biggest volume of Iranian crude in nine months in December, helping to shore up the OPEC producer's oil exports to Asia last month, said a person with knowledge of the country's tanker loading schedule. Asian buyers were scheduled to lift 1.92 million barrels per day (bpd) of Iranian crude in December, down 7 percent from the actual loadings in the previous month, the source said. India's scheduled crude oil loadings from Iran, excluding condensate, an ultra-light oil, were about 550,000 bpd last month, up 78 percent from the previous month and the highest since March, according to the source.
Asian shares erased early modest losses and pushed to a fresh record high, while the euro remained within sight of a 3-year peak on rising expectations that the European Central Bank could pare its monetary stimulus. European stock futures were flat, suggesting a more subdued opening for the region. DAX futures were up 0.1 percent, and FTSE futures and CAC each up 0.2 percent.
Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago. The U.S. government forecasts that the nation's production will climb to 11 million barrels a day by late 2019, a level that would rival Russia, the world's top producer. The economic and political impacts of soaring U.S. output are breathtaking, cutting the nation's oil imports by a fifth over a decade, providing high-paying jobs in rural communities and lowering consumer prices for domestic gasoline by 37 percent from a 2008 peak.
By Jessica Kuruthukulangara REUTERS - Indian shares were nearly unchanged on Tuesday as gains in IT stocks were offset by losses in oil refiners such as Hindustan Petroleum Corp Ltd, with sentiment dampened ...
Oil prices on Monday rose to their highest since December 2014. CNBC takes a look at what happened three years ago when oil prices were at those levels.
Investing.com - Gold prices rose in Asia on Tuesday as the market shrugged off signs of tighter monetary policies ahead for the Bank of Japan and European Central Bank and took advantage of a weaker dollar trend to buy the greenback-denominated commodity.
SINGAPORE, Jan 16 (Reuters) - * Malaysian state oil firm Petronas on Tuesday said it had has set the price factor for Malaysian Crude Oil (MCO) for January at $4.35 per barrel, unchanged from the previous ...
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures ended higher on Monday, recovering from an earlier more ...
Norway might sustain its current oil and gas production levels over the next 5 years, but a lack of investment and reduced exploration could spell trouble
The trader who called the 2011 natural gas collapse doesn't see oil prices falling anytime soon.
After reading Marathon Petroleum Corporation’s (NYSE:MPC) most recent earnings announcement (30 September 2017), I found it useful to look back at how the company has performed in the past andRead More...
Erin Energy Corporation (AMEX:ERN), a USD$622.48M small-cap, is an oil and gas company operating in an industry which has seen a prolonged oil price downturn since mid-2014. However, energy-sector analystsRead More...
The oil price crash of 2014 triggered an economic and humanitarian crisis in Venezuela, but rising oil production is now providing a glimmer of hope for the struggling nation
China may have exported a record volume of refined oil products in December, but lower refining margins mean those export levels are likely to drop
As crude oil production cuts from members of OPEC and its allies slowly drain global stockpiles, the price of benchmark Brent crude has risen to around $70 a barrel. At that level, more drilling becomes ...
Natural gas prices broke out last week, closing Friday above trend line resistance, but opening in the electronic pre-market below former resistance. Prices continue to be buoyed by a larger than expected draw in natural gas inventories reported last week by the Department of Energy. Inventory levels are now at a 5-year low, and could continue to move lower if the weather gets colder. The forecast for the next 8-14 days is mixed with colder weather covering most of the west, and warmer than normal weather covering most of the east coast.
Gold prices moved higher on Monday but with the U.S. closed for the MLK Holiday, volume was light. The weakness in the dollar has buoyed gold prices as gold is quoted in dollars and a weaker dollar makes gold more attractive in other currencies.
Shell will start drilling in the North Sea’s Penguin oil field - the firm’s first new manned project in the region for almost three decades. The move is expected to support 300 to 400 jobs, mostly in Scotland, during the construction of a floating production, storage and offloading vessel for the new development. Shell said the oil and gas field, which is 150 miles off the coast of Shetland, is expected to have a peak production of around 45,000 barrels of oil per day.
Mosman Oil And Gas Limited (AIM:MSMN), a GBP£2.47M small-cap, operates in the oil and gas industry which has endured an extended oil price slump since 2014. However, energy-sector analysts areRead More...
U.S investors are on holiday today for the Martin Luther King Jr. celebration. Before going into the weekend, Wall Street attained new highs on the lackluster Consumer Price Index reading.
The Euro has bounced to new highs against the U.S Dollar on the combination of better economic prospects in the European Union and lackluster inflation data from the States.
Sometimes you can hear people saying: ‘another day, another dollar’ when referring to their work duties and approach etc. On the market, we could be saying now: ‘another day, weaker dollar’. Real troubles started here in the middle of December and since that, the USDCAD made three bearish weekly candles, one small bullish correction and we start again with a significant drop, drawing a black body.
* Palm sees first gain in three days * Market also up on technical buying - trader (Updates with closing prices, quote) By Emily Chow KUALA LUMPUR, Jan 15 (Reuters) - Malaysian palm oil futures ended higher ...
Jan 15 (Reuters) - China Petroleum Engineering Corp : * SAYS JAN-DEC NEW CONTRACTS UP 32.3 PERCENT Y/Y AT 105.0 BILLION YUAN ($16.33 billion) * SAYS LOCK-UP PERIOD FOR 974.0 MILLION SHARES TO END, TRADING ...