News

Oct

27

Oil Prices Climb

Oil prices closed at a six month high on Thursday.


Oct

11

Oil Shortages Could Push Prices All The Way To $80, Commodities Expert Says

A recent rise for the price of oil could be set to continue, according to one commodities analyst, who believes there is now a “real balancing” in the market.


Sep

17

Oil Up 2 Percent Despite U.S. Crude Build; Set For Best Third Quarter Since 2004

Oil prices rose nearly 2 percent on Wednesday, despite a rise in U.S. crude inventories, with the market heading for its largest third-quarter gain in 13 years after the Iraqi oil minister said OPEC and its partners were considering extending or deepening output cuts.


Aug

20

Old Oil Is New Again

From California’s Central Valley to the Native American lands of Oklahoma, more small- and mid-sized oil firms - many backed by private equity - are forgoing expensive shale drilling projects and opting for old-school wells instead.


Aug

09

EIA: Continuing Downward Trend, US Crude Stockpiles Fall 6.5 Million BBL

US crude oil stockpiles are continuing on a downward trend that began during the spring.


May

15

Saudi Arabia, Russia Want Nine-Month Extension to Deal on Oil Output Cuts

The world’s two biggest crude-oil producers, Russia and Saudi Arabia, sent petroleum prices higher Monday with a joint statement that output cuts should be extended into March 2018.


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