Crude oil stockpiles, reserves of unrefined petroleum, help stabilize oil supply and demand. Explore their impact, how ...
SILVER LAKE, Kan. • Despite countless stories of lower earnings, strikes, layoffs and bankruptcies throughout the oil industry, a growing group of adventuresome speculators have been quietly buying ...
A BofA Global Research report sent to Rigzone recently noted that BofA sees 'a[n] [oil price] floor likely forming at $55 per barrel'. A BofA Global Research report sent to Rigzone by the BofA team ...
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A billion-barrel oil glut is forming at sea
The oil market is grappling with whether sanctioned Russian and Iranian cargoes should still be counted as supply. This may explain why oil prices have been slow to react to a huge glut that is ...
Forecasts of an oil glut clash with reality. Prices stay stable because sanctions on Russia and China’s ongoing crude imports/storage keep supply-demand tighter than forecasters assume. With OPEC+ ...
There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending gasoline under $3 a gallon at the pump in the US.
Amidst Trump's 500% tariff threat, it's important to note that despite heavy import dependence, India’s energy security has ...
NEW YORK - APRIL 7: Traders work in the oil futures pit at the New York Mercantile Exchange April 7, 2005 in New York City. (Photo by Stephen Chernin/Getty Images) The NYMEX launched the West Texas ...
0844 GMT - Gold prices slip, but continue to hold above the $4,200 mark as investors await Federal Reserve Chair Jerome Powell's interest-rate guidance for next year. Futures in New York are down 0.1% ...
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