Tags » Crude Prices

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

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

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