Oil sinks on China slowdown fears; natural gas surges 5%

2019-01-17

Oil futures declined sharply Thursday, tracking lower moves in most global equity benchmarks, as fear of a China-led demand slowdown gripped investors. West Texas Intermediate crude for February delivery CLG9, -1.87%  fell $1.16, or 2.2%, to $51.15 a barrel on the New York Mercantile Exchange, a day after posting aRead More →

Oil prices plateau for now as supply picture stabilizes

2019-01-16

Oil prices slipped but largely steadied Wednesday as supply data offered little new revelations, allowing contracts to preserve the bulk of the 3% price jump a day earlier. That move fed the over 20% recovery for the major benchmarks since a fourth-quarter plunge. Expected stock-market gains boosted risk-on sentiment thatRead More →

So Why Is The U.S. Suddenly Buying A Lot More Saudi Oil?

2018-09-12

OPEC Boosting Oil Production For some months now, OPEC has been boosting production to help relieve concerns about high oil prices amid expected supply losses from Venezuela and Iran. The cartel’s largest producer and exporter, Saudi Arabia, has been specifically targeting a growth in crude oil exports to their mostRead More →