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Oil Holds Losses as OPEC Uncertainty Continues  | Rigzone
Oil held losses as OPEC and its allies continue to struggle to set a date to discuss an extension to supply cuts. (Bloomberg) — Oil held losses as OPEC and its allies continue to struggle to set a date to discuss an extension to supply cuts and as U.S. economic indicators signal weakening demand. Futures
OPEC Weighs Mid-July Meeting  | Rigzone
by  Bloomberg | Golnar Motevalli and Grant Smith | Tuesday, June 18, 2019 OPEC and its allies shifted focus to mid-July for the next meeting to discuss extending production cuts. (Bloomberg) — OPEC and its allies shifted focus to mid-July for the next meeting to discuss extending production cuts, after talks between Russia and Iran
API Urges Trump to Renegotiate with China  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Monday, June 17, 2019 The American Petroleum Institute has signed a letter urging Trump to get back to the negotiating table with China. The American Petroleum Institute has signed a letter urging U.S. President Donald Trump’s administration to get back to the negotiating table with China. Sent recently
OPEC+ Can't Agree on a Meeting Date  | Rigzone
by  Bloomberg | Golnar Motevalli & Grant Smith | Monday, June 17, 2019 OPEC and its partners continue to struggle to set a date for their next meeting. (Bloomberg) — OPEC and its partners continued to struggle to set a date for their next meeting, leaving the market in an increasingly uncertain position just weeks
Brent Holds Gains as Saudis Seek Cut Deal  | Rigzone
by  Bloomberg | Sharon Cho | Monday, June 17, 2019 Brent crude held gains as Saudi Arabia expressed hope that OPEC and its allies will agree to extend production cuts into the second half. (Bloomberg) — Brent crude held gains as Saudi Arabia expressed hope that OPEC and its allies will agree to extend production
Oil Short-Selling Surges  | Rigzone
by  Bloomberg | Rita Devlin Marier | Monday, June 17, 2019 Oil skeptics are gaining ground fast as the outlook for global demand worsens. (Bloomberg) — Oil skeptics are gaining ground fast as the outlook for global demand worsens. Hedge funds boosted their bets that West Texas Intermediate crude will fall by 46%, the most
Oil Prices Down for the Week  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Friday, June 14, 2019 The WTI is down 2.7 percent and Brent is down two percent. West Texas Intermediate (WTI) crude oil for July delivery finished higher Friday, gaining 23 cents to settle at $52.51 per barrel. Compared to the June 7 close, the WTI is down
Investors Focus on Trade War  | Rigzone
by  Bloomberg | Javier Blas | Friday, June 14, 2019 For now, the war that really worries oil investors is the deepening trade conflict between the U.S. and China. (Bloomberg) — For bulls and bears with long memories, the oil market may seem a lot like 1991. Nearly three decades ago, U.S. forces had just
IEA Cuts Oil Demand Growth Forecast Again  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Friday, June 14, 2019 The International Energy Agency now sees global oil demand growth at 1.2 million barrels per day in 2019. The International Energy Agency (IEA) now sees global oil demand growth at 1.2 million barrels per day (MMbpd) in 2019, according to its latest oil market
Oil Set for Weekly Drop Despite Tanker Attacks  | Rigzone
Oil headed for a weekly decline as the tanker attacks in the Middle East provided only a relatively small boost to prices. (Bloomberg) — Oil headed for a weekly decline as the tanker attacks in the Middle East provided only a relatively small boost to prices that have been hammered by a deepening trade war
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