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👤Nurudeen Amedu
🕔October 19, 2016
Oil prices edged higher on Tuesday as the market anticipated an output cut from the Organization of Petroleum Exporting Countries (OPEC), and further extended its gains in post-settlement trade as the American Petroleum Institute’s (API) data last week revealed a surprising dip in the US crude inventories.…
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👤Lisa Harris
🕔October 12, 2016
The International Energy Agency in its last data release outlined the scale of the challenge currently being faced by OPEC in their quest to raise oil prices, after the organization’s production reached a record high level in the month of September and demand growth for oil remained weak.…
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👤Arthur Greene
🕔September 24, 2016
Baker Hughes, a US based oil driller has reported a rise in the number of active oil rigs, the number edged higher by two to reach 418 in the week ending on September 23, In the last 17 weeks, this was the fifteenth week of growth, as one week was unchanged and the other week experienced a decline.…
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👤Arthur Greene
🕔September 17, 2016
Baker Hughes, a US based industrial services company, one of the world’s largest oil company, have revealed a growth in the number of active oil rigs as they grew by 2 to stand at 416 for the week ending in September 16.…
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👤Arthur Greene
🕔September 10, 2016
Baker Hughes, an American industrial service company, one of the world’s largest oil field services companies reported that the number of active oil rigs have grown by 7 from 407 to 414 for the week that ended on the 2nd of September.…
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👤Arthur Greene
🕔September 7, 2016
Crude oil prices started climbing toward $50 a barrel earlier this week, after the announcement that Saudi Arabia and Russia had agreed to work together to stabilize the oil market. But without the revelation of a specific plan to curb output, futures prices have struggled for direction.…
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👤Nurudeen Amedu
🕔September 6, 2016
The outlook for crude oil prices is starting to post an uptick for the near future as Russia and Saudi Arabia have surprisingly signed an agreement meant to dampen the oil market that has recently shown signs of a major supply glut.…
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👤Arthur Greene
🕔August 24, 2016
Crude oil prices today extended its losses after a very shocking rise in US crude stocks that raised worries concerning the supply glut that has had prices pinned down for the last 2 years. A 2.5 million barrels rise in crude stockpiles to a total of about 523 million barrels was reported in the week through August 19 as the report showed a slump in refinery inputs and gasoline production weakened.…
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👤Lisa Harris
🕔August 23, 2016
Crude oil prices fell largely on Tuesday, after a warning was expressed by Goldman Sachs that the August price rally had long reached its saturation point and that OPEC’s proposed oil freeze at the current near record levels would do nothing to push the price higher in the currently oversupplied market.…
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👤Isaac Ndegwa
🕔August 19, 2016
Oil prices rose further for a sixth consecutive day with the Brent crude prices touching levels above $50 for the first time in over a month and a half. The price jumps have been experienced as information emerged pointing towards a meeting between some of the biggest world crude oil producers.…
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