|Day's Range||50.18 - 50.97|
Oil prices fell sharply on Tuesday, as traders took profits after prices surged early to a two-year high on an unplanned closure of the pipeline that carries the largest North Sea crude oil grade. Brent crude (LCOc1) settled down $1.35, or 2 percent, at $63.34. Selling picked up after the U.S. Energy Information Administration said in its monthly short-term energy outlook that U.S. crude oil output will rise by 780,000 barrels per day (bpd) to 10.02 million bpd in 2018.
Oil prices fell sharply on Tuesday, as traders took profits after prices surged early to a two-year high on an unplanned closure of the pipeline that carries the largest North Sea crude oil grade. Selling picked up after the U.S. Energy Information Administration said in its monthly short-term energy outlook that U.S. crude oil output will rise by 780,000 barrels per day (bpd) to 10.02 million bpd in 2018. WTI has lagged Brent, and the discount has helped boost U.S. exports.
Investing.com - The American Petroleum Institute (API) said Tuesday that crude oil supplies fell by 7.382 million barrels last week, while gasoline inventories gained by 2.3 million barrels and distillate stocks increased 1.5 million barrels.
Last week, Venezuela announced it would develop a national cryptocurrency backed by its oil reserves, the Petro., now Russia may be following suit
Investing.com – Oil prices settled lower on as traders appeared to take profits on Monday’s rally amid reports offering clarity on the duration of the Forties pipeline shutdown.
On a per-share basis, the Oklahoma City-based company said it had net income of 6 cents. The oil and gas company posted revenue of $12.9 million in the period. For the year, the company reported net income ...
The American Petroleum Institute reported Tuesday that U.S. crude supplies dropped by 7.4 million barrels for the week ended Dec. 8, according to sources. The API data showed a rise of 2.3 million barrels ...
Categories: Asia Pacific Value Yahoo FinanceClick here to see latest analysis Capitalcube gives Yanzhou Coal Mining Co., Ltd. a score of 38. Our analysis is based on comparing Yanzhou Coal Mining Co., Ltd. with the following peers – China Coal Energy Co. Ltd. Class A, Shanxi Xishan Coal & Electricity Power Co., Ltd. Class A, Yang Quan Coal Industry (Group) ... Read more (Read more...)
Anadarko Petroleum stock has been mirroring crude oil prices, although its returns have been lower than crude oil since the beginning of the year.
In accordance with the Paris Climate Agreement targets, the World Bank has decided to stop financing upstream oil and gas projects after 2019
Shares of Oasis Petroleum Inc. sank 11% on heavy volume Tuesday, after the oil and gas exploration and production company announced a public offering of common stock, and after a SunTrust Robinson Humphrey ...
On December 4–11, 2017, the premium fell and oil prices rose. The supply disruption in the North Sea could have supported US crude oil prices.
According to Whiting Petroleum’s (WLL) December presentation the company had 4,930 gross drilling locations in the Bakken region.
A Reuters poll estimated that WTI crude oil (USL) prices could average $54.78 per barrel in 2018 after extending the production cuts.
On November 24, 2017, US crude oil settled at the highest closing price in 2017. The oil rig count could be at a three-year high by May 2018.
On December 11, 2017, Brent crude oil (BNO) active futures settled $6.7 more than WTI (West Texas Intermediate) crude oil (USO) (UCO) active futures.
On December 11, US crude oil January 2018 futures rose 1.1%. The 2% rise in Brent crude oil prices could have supported the gain in US crude oil prices.
According to Whiting Petroleum’s (WLL) December presentation, the company had 5,448 gross drilling locations in the Redtail region.