|Day's range||61.96 - 62.28|
Investing.com - Oil prices fell on Monday morning in Asia amid rising concerns about looming oversupply as the U.S. continues to increase drilling activity.
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures fell 1 percent on Friday, ending four straight days of ...
U.S. oil exports have soared in the past couple of years, and as OPEC and Russia continue to hold back on production, times will only get better for U.S. exporters
Many people believe that the biggest risk to oil markets is running out of oil, the reality is it is demand that will cause the next crisis
The head of Iraq's state-oil marketer SOMO said on Sunday that Iraq will seek to corner a greater share of Asian markets through a new joint venture strategy. At a SOMO event in Baghdad on Sunday, Alaa al-Yasiri announced that SOMO will seek to sign joint ventures with companies from China, India, Japan and South Korea to help target Asian markets.
There are too many factors to consider this week to determine a direction, but we are confident that increased volatility will dominate the trade due to the emerging chart pattern and the number of potential events.
U.S. output rose by 12,000 barrels per day last week to nearly 10.4 million barrels per day - the most since the EIA started maintaining weekly data in 1983.
Investing.com – WTI crude oil prices notched a second straight weekly win after settling nearly 2% higher on Friday despite data showing the number of U.S. oil rigs resumed their advance, pointing to a potential uptick in U.S. oil output.
Global oil demand is set to grow at its fastest pace in three years and OPEC's discipline in sticking to output cuts has been unprecedented. After shrinking consistently for months, global oil stocks began rising again at the start of this year. The International Energy Agency and the Organization of the Petroleum Exporting Countries this week reported an increase in global inventories, which declined for seven months in a row, thanks to OPEC's coordinated 1.8-million-barrels-per-day joint production cut with other major exporters such as Russia.
Investing.com - Gold prices were little changed on Friday, still hovering near recent two-week lows even as disappointing U.S. economic reports and fresh turmoil in Washington pushed the greenback lower.
Canada’s heavy crude oil saw its discount widen further still on Thursday on the back of additional storage capacity and lower crude-by-rail shipments
March 16 (Reuters) - Newton Resources Ltd: * UNIT SECURED SUPPLY OF NOT LESS THAN 500,000 METRIC TONNES OF COAL FOR RMB50 MILLION Source text for Eikon: Further company coverage: