|Day's range||50.87 - 52.09|
Iraq said on Saturday it was increasing oil exports from the southern Basra region by 200,000 barrels per day to make up for a shortfall from the northern Kirkuk fields. The output from Kirkuk fell this week when Iraqi forces took back control of oilfields from Kurdish fighters who had been there since 2014.
The global oil market is improving and stabilizing, Saudi Oil Minister Khalid al-Falih said in Baghdad on Saturday. In a speech at the opening of the Baghdad International Exhibition, Falih praised the cooperation between Iraq and Saudi Arabia, which he said, contributed to "the improvement and stability we are seeing in the oil market".
December Comex High Grade Copper futures settled slightly lower on Friday after giving back earlier gains. Despite four straight losing sessions after a spike into a three-year high on Monday, the market still managed to post a solid gain for the week. Strong hedge fund buying drove copper prices into $3.2595 on October 16, but … Continue reading Comex High Grade Copper Price Futures (HG) Technical Analysis – Likely to Test $3.0930 to $3.0535 Value Zone
WTI Crude Oil The WTI Crude Oil market initially dipped during the week, but then reached towards the $52.50 level above. This is an area that has been resistive in the past, so if we were to break above there, more specifically close above there on a daily timeframe, it’s likely that we would continue … Continue reading Crude Oil forecast for the week of October 23, 2017, Technical Analysis
Investing.com – Crude oil prices settled higher on Friday as political tensions in the Kurdistan region continued to disrupt crude supplies offsetting signs of wavering U.S. demand.
Crude oil prices rebounded on Friday, after initially testing lower levels. This week the EIA reported a larger than expected draw in inventories, but the rising dollar weighed on prices. OPEC has been moving inventories back into balance, and with distillate stocks in the United States near the bottom end of the 5-year range, prices … Continue reading Crude Oil Price Analysis for October 23, 2017
Royal Dutch Shell's Nigeria subsidiary says it has lifted the force majeure imposed on Bonny Light crude oil exports a month ago. Company spokesman Joseph Obari says the force majeure was lifted Thursday. ...
On October 17, 2017, Anadarko Petroleum’s (APC) short interest as a percentage of float was ~2.21%. On January 3, 2017, it was ~2.24%.
At 7:20 AM EST on October 20, the WTI crude oil futures contracts for November 2017 delivery were trading at $50.81 per barrel—a fall of ~0.94%.
Investing.com - Crude oil prices rose on Friday, recovering from the previous session's sharp losses as optimism over the tightening of the market persisted.
* Palm up tracking gains in rival oils- trader * Cargo surveyor data showing strong exports helps * Palm may gain more to 2,742 rgt/tonne - technicals (Updates with prices and quotes from traders) By Tavleen ...
Indian Oil Corp, the country's top refinery, has delayed maintenance shutdown at its 300,000 barrels per day (bpd) Paradip refinery in eastern Odisha state to March-April, a company spokesman said on Friday. IOC had earlier planned to shut the refinery for 20 days this month. "Due to a major job at the hydrogen unit, the refinery will be shut for about 45 days in March-April, when we will carry out maintenance at other units as well," he said, adding that the shutdown has been deferred to meet local fuel demand.
Oct 20 (Reuters) - Tsh Resources Bhd * September Crude Palm Oil production 10,483 mt; September Palm Kernel production 2,806mt Source: ( http://bit.ly/2ioxT0o ) Further company coverage:
Oct 20 (Reuters) - Riverview Rubber Estates Bhd * Sept group fresh fruit bunches of oil palms production 6,138.51 metric tons Source text for Eikon: Further company coverage:
DUESSELDORF, Germany (Reuters) - RWE (RWEG.DE) is casting its eye over rival energy utility Uniper's gas and coal-fired power plants in Germany, the Benelux countries and in Britain, a person familiar ...
Investing.com - Gold prices drifted lower in Asia on Friday with support from physical demand during India's festive season failing to aid sentiment and political risk on the back burner.
When OPEC agreed to exempt Nigeria from its oil production-restraint deal last year, it knew the country faced a huge challenge in recouping output lost due to militant unrest. As tensions subside and the country pumps closer to normal levels, another dilemma looms for the producer group as it continues efforts to eradicate a price-sapping oil glut - how to count Nigeria's crude output without mixing in condensates. The answer could determine when – and indeed if ever – Nigeria has to cut or curtail oil production, its key source of foreign currency.
Investing.com – Gold prices rose on the Thursday as an uptick in political uncertainty in Spain weighed on risk sentiment while ongoing dollar weakness added to upside momentum in the precious metal.
On the presumption that OPEC's oil-production restraint appears to be working, some exploration companies are well-positioned for upside, Wells Fargo analysts conclude. Analysts Roger D. Read and Lauren ...
Since the beginning of this year, Anadarko Petroleum (APC) stock has mostly been in a downtrend, along with most of the energy stocks.