Oil edges down as traders weigh US stock build, OPEC cuts - Yahoo Finance

A worker checks the valves at Al-Sheiba oil refinery in Basra, Iraq, January 26, 2016. REUTERS/Essam Al-Sudani/File Photo. More. By Jessica Resnick-Ault. NEW YORK (Reuters) - Oil prices ended less than 1 percent lower on Wednesday after data showed ...

Oil prices pulled between bulls and bears - UPI.com

Libya's oil production ambitions could be a problem for OPEC's efforts to balance the market. By Daniel J. Graeber · Follow @dan_graeber Contact the Author | Jan. 25, 2017 at 9:15 AM. Comments 0 Comments. share with facebook. share with twitter.

Oil eases after 4-day gain, US inventories weigh - Reuters UK

SINGAPORE Jan 25 Oil edged lower on Wednesday, snapping four sessions of gains as an increase in U.S. inventories weighed on the market, offsetting bullish momentum from production cuts announced by OPEC and other producers. U.S. West Texas ...

Draining the crude oil swamp - Yahoo Finance

OPEC is talking about a further cut in oil production that could drain the swamp of oversupply. If OPEC is correct, they have already cut output by around 1.5 million barrels a day and will soon hit or exceed their targeted cut of 1.8 million barrels a ...

Saudi oil output, exports to drop in January: sources, data - Reuters

Shaybah oilfield complex is seen at night in the Rub' al-Khali desert, Saudi Arabia, November 14, 2007. REUTERS/ Ali Jarekji/File Photo. By Rania El Gamal and Alex Lawler | DUBAI/LONDON. DUBAI/LONDON Saudi Arabia's oil output is likely to drop to ...

Oil prices rise as OPEC output cuts drain stocks - Yahoo Finance

FILE PHOTO: A worker checks the valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the Siberian city of Kogalym, Russia, January 25, 2016. REUTERS/Sergei Karpukhin/File Photo. More. By Scott DiSavino. NEW YORK (Reuters) ...

Weekly Energy Market Situation, January 23, 2017 - Fuel Marketer News (press release) (registration) (blog)

Total stocks of commercial petroleum in the United States fell modestly (-2.0 million barrels) for the week ending January 13. The net decline largely reflected a substantial drop in propane supplies and a large gain in gasoline stocks. Refiners cut ...

Oil up as OPEC cuts drain stocks - BNN

Oil prices edged higher on Tuesday ahead of weekly U.S. inventory data on evidence the global market is tightening as lower production by OPEC and other exporters drains stocks. Increased drilling in the United States, however, could keep a lid on prices.

Is China''s Oil Demand Growth At Risk? - Seeking Alpha

In my previous article, I had explained that oil prices can remain on the upside if OPEC and non-OPEC members like Russia remain committed in their actions on supply cuts. While most of the analysts believed that OPEC will cheat on its commitment on ...