Tags » Crude Prices

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


© 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

Preseason Rally for US Gasoline Futures so far Muted

Article by Brian L. Milne, Energy Editor, Product Manager with Schneider Electric

The wholesale US gasoline market is in the midst of its seasonal transition from winter-grade gasoline to the more costly to produce summer-grade product, and demand is expected to increase as the warmer weather encourages driving. 578 more words

Energy Trading

Crude Increases in Asia with U.S. Rig Count Figures Ahead

On Friday, crude prices increased a little in Asia as investors watched rig count figures in the U.S. for direction.

On the New York Mercantile Exchange, delivery of  crude futures for May increase 0.15% to $52.69 a barrel, while on London’s Intercontinental Exchange,  Brent increased gains  0.13% $55.15 a barrel, 11:02PM ET. 495 more words

Exo Capital

The Impact of Dollar On Crude Prices

Oil reached $50 per barrel for the first time since November 2015. Investors had expected a positive outcome from the OPEC meeting in Vienna. However, market analysts believe the event is meaningless. 304 more words

Shaw Academy Reviews

Is the US Gasoline Market Defying the Seasonal Downturn?

Article by Brian L. Milne, Energy Editor, Product Manager with Schneider Electric

Gasoline demand in the United States is weakest during the winter months, which Is certainly no surprise considering cold and sometimes hostile weather that limits road travel after the holidays. 757 more words

Energy Trading

Oil prices soar lifting Canadian dollar to four-week high

TORONTO – The Canadian dollar strengthened the most in nearly four weeks against its U.S. counterpart on Wednesday as oil prices soared on a deal by major oil producers to limit output. 277 more words