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WTI/RBOB Bounce After Crude Draw Despite New Record Production

WTI/RBOB prices traded lower since last night's API-reported surprise crude draw but a 1.404mm draw (and bid gasoline draw) reported by DOE .....»»

Category: blogSource: zerohedgeMay 16th, 2018

WTI Tops $71 After Surprise Crude Draw, Production Spikes

WTI/RBOB extended gains overnight (WTI at 3.5yr highs) following Trump's Iran decision and a surprise crude draw reported by API, and DOE data confirmed the draw (even larger) along with gasoline and distillate draws. US crude production jumped t.....»»

Category: blogSource: zerohedgeMay 9th, 2018

WTI/RBOB Slide After Surprise Crude, Gasoline Builds; Record Production

WTI/RBOB prices have gone nowhere since  API reported a surprise crude build, but after last week's across.....»»

Category: blogSource: zerohedgeApr 25th, 2018

WTI/RBOB Slides After Big Surprise Crude Build, Record Production

WTI/RBOB prices are higher once again amid escalating tensions over Syria, despit.....»»

Category: blogSource: zerohedgeApr 11th, 2018

Oil Climbs After Another Weekly Fall in U.S. Crude Stocks

U.S. crude oil and petroleum product inventories fell last week even as production hit record highs, the EIA said on Wednesday in a majorly bullish report. The U.S. Energy Depar.....»»

Category: dealsSource: nytMay 17th, 2018

Oil Gets Further Lift from EIA Data, Consolidates Above $70

U.S. crude oil and petroleum product inventories fell last week even as production hit record highs, the EIA said on Wednesday in a majorly bullish report. The.....»»

Category: dealsSource: nytMay 10th, 2018

WTI/RBOB Extend Rebound After Surprise Crude Inventory Draw

WTI/RBOB prices ended the day lower but bounced a little after Trump's statement, running flat into API but a pushed WTI briefly back above $70 following a surprise crude draw (and large product draws).   API C.....»»

Category: blogSource: zerohedgeMay 8th, 2018

Oil prices fall on rising U.S. crude inventories, record production

Higher U.S. production is going against producers trying to cut supplies......»»

Category: topSource: foxnewsMay 3rd, 2018

Futures Movers: Oil prices drop on record U.S. output but Iran uncertainty remains supportive

Oil prices decline Tuesday amid signs of rising U.S. crude production and stockpiles, despite continuing uncertainty about whether the U.S. will pull out of the Iran nuclear deal......»»

Category: topSource: marketwatchMay 1st, 2018

US President Donald Trump rails against high oil prices, OPEC pushes back

This year's budget agreement includes the sale of about 100 mn barrels of crude oil - about 15 per cent of the reserve - as US oil production recently hit a record at more than 10 mn barrels a day.....»»

Category: topSource: business-standardApr 20th, 2018

Oil & Gold Pop, Stocks Drop As Saudis Intercept Houthi Missiles Over Riyadh

Update: After an initial dip on a big surprise crude build and new record crude production, WTI just spiked to its highest since Dec 2014... It appears to be a reaction to Saudi air defense forces .....»»

Category: blogSource: zerohedgeApr 11th, 2018

OPEC and Russia to Raise Crude Oil Output 

OPEC and Russia to Raise Crude Oil Output $OIL, $USO Saudi Arabia and Russia are discussing raising OPEC and non-OPEC Crude Oil production by some 1-M BPD. OPEC’s .....»»

Category: topSource: livetradingnewsMay 26th, 2018

Playing the Oil Rally Ahead of a Key OPEC Meeting

Crude prices look set to hit some volatility before OPEC decides on production levels in June. One strategy: A call spread on crude prices......»»

Category: topSource: barronsMay 25th, 2018

US Oil Rig Count Soars This Week, Crude Price Plunges

The number of land-based rigs drilling for oil in the United States rose by 15 this week. High prices for crude oil continue to drive more production......»»

Category: blogSource: 247wallstMay 25th, 2018

Sinopec to Import Record Crude Volumes From United States

UNIPEC, the wholly-owned affiliate of Sinopec (SNP), is going to ship 16 million barrels of American oil in June. China Petroleum.....»»

Category: dealsSource: nytMay 24th, 2018

Futures Movers: U.S. oil benchmark ends lower ahead of inventory data

Oil prices took a split path Tuesday, with the global benchmark scoring a fresh 3½-year high while the U.S. benchmark edged lower as traders weigh the potential influence of developments tied to Iran and Venezuela on the prospects for crude production......»»

Category: topSource: marketwatchMay 22nd, 2018

After sugar, glut in molasses churns a bitter brew for mills in UP

Record sugar output has also yielded molasses production way beyond market demand and plant capacity of state distilleries and country made liquor units.....»»

Category: topSource: business-standardMay 22nd, 2018

Crude Oil Pipeline Capacity Out of the Permian Basin Is Vanishing

Pipeline takeaway from the Permian Basin is vanishing as crude oil production grows by around 70,000 barrels a day. This forces producers to sell their crude at a sharp discount as they pay more for........»»

Category: blogSource: 247wallstMay 21st, 2018

Ethanol blending programme to get policy boost as crude oil prices soar

Under the new National Policy on Biofuels, the central government has expanded the scope of raw material for ethanol production by allowing use of various agro-waste products.....»»

Category: topSource: business-standardMay 18th, 2018

Futures Movers: Oil falls for the session, but U.S. benchmark logs 3rd weekly gain in a row

Crude-oil futures settle lower Friday, but gain for the week, as investors wrestle with persistent growth in U.S. crude production against the backdrop of expected disruptions to the flow of oil in the Middle East......»»

Category: topSource: marketwatchMay 18th, 2018

XOM vs. CVX: Which Oil Supermajor Can Get Out of Hold Zone?

Chevron's (CVX) attractive production growth profile, Australian LNG projects and crude leverage tilts the balance in its favor. Exxon Mobil CorporationXOM and Chevron Corporation CVX – with their massive market capitalizati.....»»

Category: worldSource: nytMay 18th, 2018