Brent Crude Price
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Brent Slips Toward $100 on Strong Dollar and Weak Chinese PMI
Brent crude oil dropped below $102 on Thursday morning after the dollar hit new three year highs on Wednesday following the release of the Federal Reserve's meeting minutes and Chairman Ben Bernanke's testimony to congress. The commodity traded at $101.61 at 7:39 GMT on Thursday morning after Chinese data continued to drag prices down.
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Brent Dips on US Demand Woes
Brent crude oil fell on Wednesday after an unexpected rise in US gasoline stockpiles reignited worries that the summer driving season's demand in the number one oil consuming nation may be weaker than anticipated. The commodity traded at $103.21 at 9:18 GMT on Wednesday morning. On Tuesday, the American Petroleum Institute released data that showed that US gasoline inventories jumped by 3 ...
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Oil market slips before US data
Global oil prices fell on Friday in quiet trading as dealers awaited US economic data, analysts said. Brent North Sea crude for delivery in July dipped nine cents to $102.35 a barrel, one day after striking ...
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Oil prices set for biggest weekly drop since mid-April
By Florence Tan SINGAPORE (Reuters) - Crude futures are set to post their biggest weekly loss in five weeks, with Brent edging down toward $102 per barrel on Friday, as ample supply and a slow global economic recovery fuelled worries that demand for oil would be hit. Crude inventories in the United States are near record levels as the world's top oil consumer produced more from shale, while ...
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Oil prices go down amid lukewarm demand
Brent crude, a benchmark for many international oil varieties, fell 14 cents to $102.30 a barrel on the ICE Futures exchange in London.
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Oil prices pare losses on US equities turnaround
NEW YORK: Brent crude oil prices retraced earlier losses after falling to a three-week low on Thursday in a broader commodities selloff, riding the coattails of a late turnaround in US equities to end flat.
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Commodities trader sues BP, others for alleged price fixing
(Reuters) - A commodities trader filed suit against BP Plc, Royal Dutch Shell Plc and Statoil in a U.S. federal court, accusing the companies of colluding to fix prices in North Sea Brent crude oil. Prime ...
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Brent Steady Near $105 Ahead of FED Minutes
Brent crude oil traded steadily at $104.62 on Monday morning at 5:58 GMT as the commodity inched towards $105 on improving economic data and strong equity markets. However, a tepid demand outlook and market oversupply kept a lid on prices.
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Oil prices pare losses on U.S. equities turnaround
* U.S. equities recoup earlier losses, supporting oil * Chinese factory activity shrinks, raising demand doubts * U.S. single-family home sales rise 2.3 pct * Euro zone business downturn eases in May-PMI ...
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Brent Crude Oil Falls in Light Trading
Brent crude oil prices fell after a global energy watchdog described world supplies as "comfortable."
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Christopher Gasson explains the thinking behind the forecasts in GWI’s new Global Water Market report.
(PRWeb May 24, 2013)
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North American Midcontinent Grades Strengthen vs. Brent.
(PRWeb May 14, 2013)
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Refiners will increase their facilities' capacity to handle more crude oil as output rises, but will have to contend with government regulations designed to increase the use of renewable and environmentally friendly fuels; these regulations will limit revenue growth in the years to come. For these reasons, industry research firm IBISWorld has updated a report on the Petroleum Refining industry in its growing industry report collection.
(PRWeb May 11, 2013)
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West Texas & Canadian Crude Differentials Continue to Strengthen.
(PRWeb April 09, 2013)
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Growth Scare Becoming Less Threatening
(PRWeb April 02, 2013)
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Asian Oil Markets Remain Supported by Increasing Turnarounds
(PRWeb March 19, 2013)
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Brent Crude Prices Test the Top of Recent Trading Range
(PRWeb February 26, 2013)
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Economic Growth, Monetary Stimulus, and Oil Supply Loss Fears Bolster Oil Prices
(PRWeb February 20, 2013)
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Declining U.S. Imports Will Negatively Affect Atlantic Basin Crude Balances
(PRWeb January 23, 2013)
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While global economic backdrop improves, oil market fundamentals weaken.
(PRWeb January 03, 2013)
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Emperor Oil is doing something remarkable—going from a standing start at 10 cents/share earlier this year, to being in production in just over one year in Africa—and potentially thousands of barrels a day within Year 2.
(PRWeb December 20, 2012)
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Nearly a decade since Canada’s last foray in the country, Emperor Oil Corp. looks to lead a Canadian return to Sudan.
(PRWeb December 19, 2012)
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PIRA Energy Group says LLS and Brent crude oil remain strongly backwardated.
(PRWeb December 10, 2012)
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PIRA Believes Below-Trend Economic Growth Will Create Challenging Environment for Oil Markets
(PRWeb December 03, 2012)
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CaesarTrade is Announcing a Recent Influx in Clients Trading the Energy Markets due to the Company’s Technical and Fundamental Research and Assistancet.
(PRWeb October 26, 2012)
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EAI, Inc. has released a comprehensive study providing insights and outlooks for crude oil supply, refining, logistics and pricing driven by new unconventional/shale resource plays spanning the North American Shale Fairway.
(PRWeb September 26, 2012)
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In response to overwhelming customer demand IC Markets one of the world’s fastest growing Forex and CFD brokers has launched CFDs on its market leading MetaTrader 4 True ECN Trading Platform. IC Markets have added 18 CFDs to the 41 Forex pairs already available on their MetaTrader 4 True ECN trading platform. These additions will give clients greater flexibility to execute strategies across different markets especially those involving pairs trades.
(PRWeb August 07, 2012)
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NYC-based PIRA Energy Group will release a study this summer entitled, "The Road to U.S. Energy Independence: The Shale Revolution and Its Implications for North America's Energy Markets," which will address the complex implications for North American pricing parity, crude and product flows, refining behavior and energy policy that are arising from increasing oil and gas production and falling imports.
(PRWeb July 17, 2012)
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NYC-based PIRA Energy Group believes more constructive oil market balances in 2H12, along with heightened geopolitical risks to supply, will counteract the European drag on macroeconomic sentiment, providing some support to oil prices. In addition, North American inland crude prices are weak on constrained logistics, while European refinery margins remain strong.
(PRWeb July 03, 2012)
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Forties crude market dynamics exaggerate Atlantic Basin crude oversupply; LLS crude becomes less representative as benchmark.
(PRWeb June 26, 2012)
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Companies like Tarps Plus see major increases in cost of production as the 2012 summer oil prices rise.
(PRWeb June 15, 2012)
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Alberta-based oil exploration company Anatolia Energy is developing an exciting oil shale play in Turkey known as the Dadas Shale.
(PRWeb May 16, 2012)
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Oil supply-demand fundamentals are relatively weak, but prices remain strong on the back of non-fundamental factors.
(PRWeb March 27, 2012)
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Managed Petroleum Group Inc. a privately held oil and natural gas development firm located in Richardson, Texas is pleased to announce its participation in a commercial offshore oil and gas well. The Price B # 1 well located in Plaquemine Parish, Louisiana has been deemed commercial.This well has exceeded initial projections with above average initial production rates of more than 650 barrels of oil and 2,300 mcf of natural gas per day. The Price B # 1 is located approximately 6 miles northeast of Venice, Louisiana at a depth of 11,500 feet. As is customary with shallow offshore oil production in the wetlands of Louisiana, this well is receiving per barrel revenues based on Brent Crude oil prices which are currently above $109.00 per barrel. This single well is estimated to hold more than 300,000 barrels of oil and an extremely large amount of natural gas. The operator is in the final stages of purchasing the delivery pipeline from British Petroleum (BP) and Chevron as this will allow for a much larger daily production ability. Managed Petroleum Group Inc. anticipates this acquisition to be finalized in the first quarter of 2012.
(PRWeb December 29, 2011)
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On the heels of the "Market Buzz" page launch last week and “Stock Buzz” the week before, SpeculatingStocks now brings you "Pre-Market" updated before the market each trading day.
(PRWeb June 24, 2011)
