|Day's range||62.85 - 63.77|
MOSCOW (Reuters) - Russian Energy Minister Alexander Novak met his Saudi counterpart Khalid al-Falih in Oman on Saturday, where they both expressed satisfaction with the way oil market has been rebalancing, ...
Rapidly rising shale production has not only reversed decades of decline but positions the country to become the top oil producer this year.
Malaysian palm oil prices are forecast to rise to 2,700 ringgit ($685.98) a tonne in the next three months due to falling stockpiles and increased demand from Indonesia, leading edible oils analyst James Fry said on Saturday. Crude palm oil (CPO) prices are also expected to hit $690 a tonne on a free-on-board basis, he told an edible oils conference in Karachi, Pakistan, according to an early copy of his presentation. Rising stock levels typically weigh on benchmark palm oil prices, which have lost more than 10 percent since November on rising Malaysian stockpiles.
The crude oil markets had a slightly negative week, but we are overextended so that’s not very surprising considering that we had been so overbought. At this point, value should be something that you are looking for.
KUALA LUMPUR, Jan 20 (Reuters) - Exports of Malaysian palm oil products for Jan. 1-20 fell 16.7 percent to 727,958 tonnes from the 874,022 tonnes shipped during Dec. 1-20, cargo surveyor Intertek Testing ...
Kazakhstan committed to cutting production by 20,000 bpd as part of the OPEC / NOPEC deal, sadly the country has been the least compliant of all participating nations
MOSCOW (Reuters) - Global oil prices are unlikely to exceed $60 per barrel in the mid-term, Russian Economy Minister Maxim Oreshkin was quoted as saying by Interfax news agency on Friday. (Reporting by ...
Oil prices retreated somewhat this week, falling from 2.5-year highs as analysts grew more concerned about U.S. production growth
President Donald Trump's effort to put coal miners back to work stumbled in most coal producing states last year, even as overall employment in the downtrodden sector grew modestly, according to preliminary government data obtained by Reuters. Trump made reviving the coal industry, and the declining communities that depend upon its jobs, a central tenet in his presidential campaign and has rolled back Obama-era environmental regulations to give the industry a boost. Unreleased full-year coal employment data from the Mining Health and Safety Administration shows total U.S. coal mining jobs grew by 771 to 54,819 during Trump’s first year in office, led by Central Appalachian states like West Virginia, Virginia, and Pennsylvania - where coal companies have opened a handful of new mining areas for shipment overseas.
In 2017, Norway's oil yield rose for the fourth consecutive year. However, this is highly dependent on larger finds, as explorers continue to reduce spending.
Oil prices ended down on Friday and broke a four-week winning streak after a rally that had taken benchmarks to three-year highs, as investors sold positions on re-emerging U.S. production concerns. Brent crude futures fell 70 cents, or 1 percent, to settle at $68.61 a barrel after hitting a session low of $68.28. On a weekly basis, Brent settled 1.8 percent lower while WTI was down 1.5 percent.
Investing.com - Gold prices gained in Asia on Friday as a weaker dollar brought physical demand into the market.
The surge in oil prices has made it difficult for European Refineries to pay their crude bills as margins decline and demand softens for some of their products