Oil tumbled 6.3% on negative data
U.S. crude oil futures lost more than 6 percent, the biggest one-day percentage drop in six weeks, as recession fears resurfaced following Wednesday's bleak...
UAE Plans to Lift Oil Production Capacity in 2013
The United Arab Emirates plans to raise its oil production capacity to 3 million barrels a day, from the current 2.8 million, during the...
Shell wins fuel concession for Dubai World Central
Dubai World Central - Al Maktoum International Airport at Jebel Ali in Dubai has granted a fuel concession to Shell Aviation - the aviation...
Crude-oil futures rose; stocks advance in Asia
Crude oil futures rose more than 1% to trade above $98 a barrel, after sliding more than 15% last week amid a broad...
Libya’s crude oil production falls amid civil unrest
Libya's crude oil production has fallen below one million barrels a day amid widespread protests at terminals, the country's state oil company said.
In a...
Confidence Returning to Oil and Gas Recruitment as Oil Price Stabilises
A review of the employment environment in the energy sector by Petroplan has found that, despite a major contraction in the value of the...
2021 Oil Price Forecast Above $51, Goldman Sachs
Goldman Sachs raised its estimate for WTI Crude prices in 2021 to $51.38 per barrel from $48.50, expecting a gradual recovery in global oil...
Crude Short Term Perspective
Crude rallied strongly into Christmas, closing in New York at a 2-year high of $91.50 on 23 December. China‘s Christmas day rate hike of...
Global oil market oversupplied
U.S. crude oil futures ended lower for the fourth session in a row last Friday, May 14, and extended losses for the second straight...
Gold, silver, crude oil turning bearish
Gold and silver futures slumped Wednesday as the euro weakened, prompting a rally for the US dollar. Euro dropped to a three-week low against...
Oil outlook remains strong
There was a contract change for crude oil this week as volume on September delivery increased and the price rose for the fourth consecutive...
Signals about global recovery faltering raise concerns about oil demand
In the oil market, analysts agree that any signals about global recovery faltering will raise concerns about future oil demand.
Oil prices slid from highs...
Oil futures ended above $104 a barrel
Oil futures ended above $104 a barrel Friday and registered a weekly gain of nearly 7% , as investors consider that turmoil in Libya...
Rising OPEC Crude Production Suppresses Oil Prices
Oil prices fell on Monday as rising production in the Middle East outweighed a decline in US output and a recent slide in the...
Oil prices will remain “low for long, at least 3-5 years”
Fareed Zakaria, host of CNN’s flagship foreign affairs program ‘Fareed Zakaria GPS’ will interview two Indian icons later today, Sunday 21st of February. India’s...
Crude Oil Prices Extend Gains
Crude oil prices extended gains in early Asia trade Monday as the market turned more bullish on expectations of smaller supply and growing demand.
On...
Doha Oil Freeze Meeting Fails; Oil Price and Stocks Tumble
WTI Crude oil futures gapped more than 4.5 percent in early Asian trading session on Monday. The decline in the commodity occurred a few...
Oil Price Outlook 2017
Oil prices crashed at the beginning of 2016, reaching a low of almost $27 per barrel. By the end of the year, the expectations...