U.S. West Texas Intermediate crude futures settled 25 cents lower at $53.25 per barrel, slipping half a percent to the weakest closing price since Feb….
Tag: crude oil
What is the future use of Crude oil & Natural Gas? Does it even have one?
In the long term, Electric Vehicles will impact the price of crude oil, It will not, however, cause oil to crumble in use as is…
The EIA said crude stocks fell, the biggest since July
The EIA said crude stocks fell by 9.59 million barrels in the week ending March 15, the biggest since July 2018 and compared to a…
Oil demand growth is set to ease due to efficiency gains and electric cars
While global oil demand growth is set to ease, in particular as China slows down, it still increases an annual average of 1.2 million barrels…
BLM rakes in a record-breaking $1 billion from O&G lease sales
Acting Secretary of the Interior David Bernhardt today announced that Interior Bureau of Land Management (BLM) state offices generated $1.1 billion from oil and gas…
Asia markets retrace some losses; oil prices closely watched after OPEC warns on output
Oil will be in focus after several OPEC members and other crude exporters warned about oversupply in the market that could push prices lower. Saheli…
Will we get $70 per barrel oil in 2018?
The oil market in 2017 finished quite optimistic. Black gold in December for the first time in 2.5 years reached the mark of $ 66…
Crude oil prices are trending up
Crude oil prices are projected to range between US$58 and US$68 per barrel over the next few months in tandem with industry expectations, according to Hibiscus Petroleum Bhd managing director Dr Kenneth Gerard Pereira.
He said the benchmark Brent crude oil, currently trading at US$63 per barrel, was a strong indication of underlying demand due to growing world population.
“Crude oil prices are strong and trending up, it is not as volatile as it was before,” he told reporters at the Hibiscus Petroleum corporate and business update here yesterday. Read more
Continental Resources Third Quarter 2017 Results’ Beat Estimates
Continental Resources net income includes certain items typically excluded by the investment community in published estimates, the result of which is referred to as “adjusted…
Brent Oil Tops $60 for First Time Since 2015
December Brent, the global benchmark rose $1.14, or 1.9%, to finish at $60.44 a barrel on the ICE Futures exchange in London. That was the highest…