Entries by HuntleyAndrews

Oil Raises ahead of OPEC meeting

By Christopher Johnson | LONDON Report: June 20,2018 Oil prices rose on Wednesday, supported by reports of a drop in U.S. commercial crude inventories and the loss of storage capacity in Libya, but under pressure ahead of a meeting of OPEC exporters which may increase global production. Brent crude was up 30 cents at $75.38 […]

UPDATE 8-Oil prices turn positive as U.S. crude inventories fall

Jessica Resnick-Ault Published 11:07 AM ET Wed,14 June 2018 BY: Reuters U.S. stockpiles fall 4.143 million barrels in week- EIA * OPEC, Russia expected to increase output * OPEC and non-OPEC producers meet on June 22-23 in Vienna (New throughout, updates prices, market activity and comments; new byline, changes dateline, previously LONDON) NEW YORK, June […]

GOLDMAN SACKS OIL PRODUCTION WILL INCREASE IN USA

Goldman Says U.S. Oil Request Won’t Stop Stockpiles Dwindling Published in Oil Industry News on Friday, 8 June 2018 The outlook for oil is still bullish even if OPEC accedes to U.S. pressure to boost supply, Goldman Sachs Group Inc.’s top commodities analyst said. The U.S. government has quietly asked Saudi Arabia and some other […]

THE OIL TRADERS TUG-OF-WAR

By: Tsvetana Paraskova June 4th 2018 Despite the recent sell-off, Brent Crude prices continue to be supported by geopolitical events and supply concerns, while the U.S. benchmark WTI Crude has been pressured to the downside by pipeline constraints in the most prolific U.S. shale basin amid record-high American oil production. The discount of WTI Crude […]