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Oil held losses near a 2-week low on signs of swelling American crude inventories. (Bloomberg) -- Oil held losses near a two-week low on signs of swelling American crude inventories, while investors monitored developments on the U.S.-China trade war. Futures were steady in New York after slumping 3.2% on Tuesday, the most since the end …
Continue reading "Oil Holds Near 2-Week Low as Supplies Swell"
Oil eased after the biggest increase in more than two weeks as investors monitor developments in the U.S.-China trade war. (Bloomberg) -- Oil eased after the biggest increase in more than two weeks as investors monitor developments in the U.S.-China trade war, while stockpiles shrink at a key American crude storage hub. January futures lost …
by  Bloomberg | Tina Davis | Some U.S. oil companies are positioned to gain from the attacks on Saudi Arabia's facilities over the weekend and an attendant rise in crude prices. (Bloomberg) -- Some U.S. oil companies are positioned to gain from the attacks on Saudi Arabia’s facilities over the weekend and an attendant rise …
Continue reading "US Oil Firms Set to Gain from Saudi Disruption"
by  Bloomberg | Arsalan Shahla and Verity Ratcliffe Iran said that it will release a UK-flagged oil tanker it has detained for nearly two months. (Bloomberg) -- Iran said that it will release a UK-flagged oil tanker it has detained for nearly two months, a conciliatory gesture as the fallout from the weekend’s attack …
by  Bloomberg | Serene Cheong and Dan Murtaugh Oil posted its biggest ever intraday jump to more than $71 a barrel after a strike on a Saudi Arabian oil facility removed about five percent of global supplies. (Bloomberg) -- Oil posted its biggest ever intraday jump to more than $71 a barrel after a strike …
Oil held its biggest loss in a week as signs that growth is slowing in major economies overshadowed the longest run of declines in U.S. crude stockpiles since the start of 2018. (Bloomberg) -- Oil held its biggest loss in a week as signs that growth is slowing in major economies overshadowed the longest run …
America's biggest owner of drilling rigs fell the most in seven months after the chief of Helmerich & Payne Inc. said he called the bottom too soon. (Bloomberg) -- America’s biggest owner of drilling rigs fell the most in seven months after the chief of Helmerich & Payne Inc. said he called the bottom too …
WTI and Brent futures returned to net positive territory Thursday. One day after interrupting a three-trading-day rally, West Texas Intermediate (WTI) and Brent crude oil prices returned to net positive territory. September WTI futures gained 14 cents Thursday, settling at $56.02 per barrel. The benchmark peaked at $56.99 and bottomed out at $55.86. Brent …
Oil rallied for a third day as heightened tensions in the Persian Gulf threatened to disrupt energy flows from the crude-rich region. Oil rallied for a third day as heightened tensions in the Persian Gulf threatened to disrupt energy flows from the crude-rich region, while a tepid demand outlook kept a lid on …
 The Ghanaian Navy will host over 10 Chiefs of Navies from across Africa along with 250 international senior officials from Navies, Coast Guards and Marine Police from Wednesday next week. They will be addressing security issues around the increasingly volatile marine and coastal waters in Africa as well as maritime contributions to economic advancement …
Continue reading "Naval Chiefs To Assemble in Accra For Gulf of Guinea Issues"
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