Prices - Crude Oil

OPEC Moves To Cap Nigerian Oil Output, Boost Compliance

OPEC states Libya and Nigeria were exempted from the limits to help their oil industries recover from years of unrest, though a committee on July 24 agreed Nigeria would now join the deal.

Reuters

Oil Prices Fall On Forecast Of Rising OPEC Production For July

Oil traders are looking ahead to the July 24 meeting of several ministers from OPEC and non-OPEC members in Russia, though some analysts doubt it will lead to any new intervention.

Reuters

Brent Crude Climbs Above $50 For First Time Since Early June

Both benchmarks were trading at their highest since June 7 after rising more than 1.5% in the previous session on a report showing U.S. crude and fuel inventories fell last week.

Reuters

EIA: US Crude, Gasoline Stocks Drop Sharply

Crude inventories fell by 4.7 million barrels in the week to July 14, compared with analysts' expectations for a decrease of 3.2 million barrels, the EIA said.

Reuters

Russia To Continue Working With OPEC On Oil Market Rebalancing, Source Says

Russia is ready to continue working with OPEC, a source said, adding that Moscow welcomed a flexible approach by OPEC's leader Saudi Arabia to accommodate rising output from Nigeria and Libya.

Reuters

Update: Oil Prices Jump Following Surprise Draw In US Crude, Gasoline Stocks

Before the EIA report that revealed a bigger weekly draw than forecast in crude and gasoline stocks, WTI and Brent futures were up about 0.6%, supported by strong demand for gasoline.

Reuters

Analysts: US Third-Quarter Crude Production Coming Up Short

Stratas Advisors’ Oil Comparables Weekly shows less in storage, lower field production than expected.

Stratas Advisors

Crude Oil Prices Climb; Remain 'Stuck In Range'

Oil rose on July 18 but traders said the market was trading in a tight range and showed few signs of big short-term moves.

Reuters

EIA Forecast Shows US Shale Oil Production Growth

U.S. shale oil production is forecast to rise for the eighth consecutive month, climbing 112,000 bbl/d to 5.585 MMbbl/d in August, the U.S. Energy Department said in a report July 17.

Reuters

Tide Turns For Sulfur-Rich Oil In A Sea Of Light Crude

Sulfur-rich crude suddenly in greater demand than light oil.

Reuters

Oil Prices On Track For Solid Weekly Gains Following Positive Demand Signals

Oil prices edged higher on July 14 and were on track for solid weekly gains following positive demand signals, production issues in Nigeria and a reported decline in stocks.

Reuters

Refocus On Four Strategic Issues More Pressing Than ‘Peak Demand’

‘Peak Demand’ is decades away, Stratas Advisors says, and other issues are more important now.

Stratas Advisors

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