Oil rose after USA inventory drop but outlook remains gloomy
Oil rose on Thursday, recovering some ground after a surprisingly upbeat picture of U.S. demand halted the previous day’s steep slide, although the prospect of…
Oil policy
Oil vs gold – Photo
The API data released this week showed that investors are excessively anxious about the supply glut. We saw a major draw down and it was…
Non-oil economy of UAE picks up amid job market stagnation
Dubai’s biggest bank Emirates NBD said Tuesday that non-oil private sector of the United Arab Emirates (UAE), which saw in May its weakest improvement in…
Will OPEC finally bankrupt US production?
Crude had a good week and a bad month. What’s next? Well, it’s worth noting that OPEC has lost its all-in competitive advantage relative to…
Oil prices rose on first drop in USA drilling in months
Oil prices rose on Monday, lifted by the first fall in U.S. drilling activity in months, although gains were capped by reports of rising OPEC…
United Arab Emirates optimistic about oil market recovery
The UAE has expected oil demand to pick up over the third and fourth quarters of 2017 despite the price fall by the end of…
Oil extends gain to 6th day on dip in USA output
Oil futures ended slightly higher on Thursday, extending crude’s rally to a sixth straight session after a decline in weekly U.S. crude production temporarily eased…
Prices of crude oil
Crude oil prices were up on Thursday (June 29) compared to the previous close. The price of Brent oil was at $47.55 up from $46.53…
Oil is under pressure after report shows increase in US inventories
Oil markets were steady to lower on Wednesday after a report of rising US fuel and crude inventories underscored the concern that a three-year supply…
Iran increased capacity at key oil terminal
Iran says it has increased the capacity of its largest oil terminal to as high as eight million barrels per day (bpd) – another indication…