Tags » Crude Prices

Oil prices hit highest since 2014, but analysts warn of overheated market

CNBC

  • Oil prices hit their highest levels since 2014 on Wednesday
  • A broad global market rally has also been fueling investment into crude oil futures…
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US could dethrone Saudi, Russia to be world's oil king in 2018: Report

The prediction shows how the fracking revolution has turned the US into an energy powerhouse

The US could become the oil world’s new king in 2018 as it was poised to ramp up crude… 284 more words

News

MOVES-China's Rongsheng hires crude oil trader in Singapore

December 5, 2017

Reuters Staff

SINGAPORE, Dec 5 (Reuters) – Chinese conglomerate Zhejiang Rongsheng Holding Group has hired a senior crude oil trader to be based in its Singapore office, a company official said on Tuesday. 88 more words

Oil prices fell more than 1 percent on Wednesday

Oil prices slide after IEA casts doubt over demand outlook

CNBC

  • Oil prices fell more than 1 percent on Wednesday, continuing Tuesday’s slide
  • Crude prices are now down by around 5 percent since hitting 2015 highs last week…
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Oil price rise not enough to boost Canadian oilpatch spending: energy analysts

A recent surge in oil prices will boost the bottom line of Canadian oil and gas producers but remains well below the minimum level needed to encourage increased investments in the oilsands or conventional oil and gas, energy analysts say. 549 more words

Canada

Mideast Growth to Dive as Saudi Economy Stagnates Amid Qatar Stand-Off

AFP

© AFP/File | In its World Economic Outlook update, the IMF lowered economic growth of Saudi Arabia, the world’s top oil exporter, to just 0.1% in 2017, down 0.3% on its April projections… 309 more words

Saudi Arabia Cuts U.S. Oil Exports to Work Down Global Supply Glut

Kingdom is slashing exports to a near three-decade low for this time of the year; move could reinforce OPEC’s production cuts

A view of Saudi Aramco’s Manifa oil field in 2015. 923 more words