Top Stories

Despite Trump's Rhetoric: US Needs OPEC Oil - OilPrice.com;

Despite Trump's Rhetoric: US Needs OPEC Oil - OilPrice.com

OilPrice.comDespite Trump's Rhetoric: US Needs OPEC OilOilPrice.comPresident Donald Trump is taking his 'America First' energy plan from the campaign trail to the White House website, vowing to achieve energy independence from OPEC and any nations hostile to U.S. interests. Trump is not the first U.S. President to ...and more »

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

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

Yahoo FinanceOil edges down as traders weigh US stock build, OPEC cutsYahoo FinanceA 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 ...and more »

Oil Prices Rise As Markets Buy OPEC's Charm Offensive - OilPrice.com;

Oil Prices Rise As Markets Buy OPEC's Charm Offensive - OilPrice.com

OilPrice.comOil Prices Rise As Markets Buy OPEC's Charm OffensiveOilPrice.comWith no breaking news or comment overnight, oil prices were slightly up on Tuesday morning, with recent reports that OPEC is considerably lowering production as per the deal being offset by signs that drilling and production in the U.S. are definitely ...and more »

Oil prices pulled between bulls and bears - UPI.com;

Oil prices pulled between bulls and bears - UPI.com

UPI.comOil prices pulled between bulls and bearsUPI.comLibya'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.and more »

Oil prices retrace steps as market fluidity continues - UPI.com;

Oil prices retrace steps as market fluidity continues - UPI.com

UPI.comOil prices retrace steps as market fluidity continuesUPI.comSome ground gained as investors wait for supply and demand data from the United States. By Daniel J. Graeber · Follow @dan_graeber Contact the Author | Jan. 24, 2017 at 9:09 AM. Comments 0 Comments. share with facebook. share with twitter. Crude oil ...and more »

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

Oil eases after 4-day gain, US inventories weighReuters UKSINGAPORE 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 ...and more »

Oil Pares Gain After Crude, Fuel Supplies Rise in Industry Data - Bloomberg;

Oil Pares Gain After Crude, Fuel Supplies Rise in Industry Data - Bloomberg

BloombergOil Pares Gain After Crude, Fuel Supplies Rise in Industry DataBloombergOil gains eased in New York after an industry report that U.S. crude and fuel stockpiles climbed last week. The most important business stories of the day. Get Bloomberg's daily newsletter. Sign Up. Crude supplies rose 2.93 million barrels, the ...and more »

Why Oil Won't Rally Above $60 In The Near Term - OilPrice.com;

Why Oil Won't Rally Above $60 In The Near Term - OilPrice.com

OilPrice.comWhy Oil Won't Rally Above $60 In The Near TermOilPrice.comLast week the IEA warned that rising non-OPEC production could put an end to the OPEC-fueled price rally that began in late November after the cartel's agreement to cut production. With oil production bouncing back in the shale patch and a handful of ...and more »

Oil Prices Slip As US Drilling Recovery Offsets OPEC-Led Output Cuts - TheUsExaminer;

Oil Prices Slip As US Drilling Recovery Offsets OPEC-Led Output Cuts - TheUsExaminer

TheUsExaminerOil Prices Slip As US Drilling Recovery Offsets OPEC-Led Output CutsTheUsExaminerThe report states that long positions held by hedge funds on oil price are at an all-time record level. The average across the two weeks was in line with the recent trend. The US crude oil rig count rose by 223 rigs from lows in May 2016. Rigs ...and more »

Draining the crude oil swamp - Yahoo Finance;

Draining the crude oil swamp - Yahoo Finance

Yahoo FinanceDraining the crude oil swampYahoo FinanceOPEC 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 ...and more »

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

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

ReutersSaudi oil output, exports to drop in January: sources, dataReutersShaybah 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 ...and more »

Oil Price News This Week: OPEC's Compliance Meeting Moving Prices - Money Morning;

Oil Price News This Week: OPEC's Compliance Meeting Moving Prices - Money Morning

Money MorningOil Price News This Week: OPEC's Compliance Meeting Moving PricesMoney MorningThe biggest oil price news this week was OPEC's first compliance meeting on Sunday (Jan. 22) since agreeing to a production cut on Nov. 30. But that's not the only thing moving oil prices today… The OPEC deal calls for the cartel to cut about 1.2 ...and more »

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

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

Yahoo FinanceOil prices rise as OPEC output cuts drain stocksYahoo FinanceFILE 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) ...and more »

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

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

Fuel Marketer News (press release) (registration) (blog)Weekly Energy Market Situation, January 23, 2017Fuel 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 ...and more »

How Devon Energy Will Benefit from Higher Crude Oil Prices - Market Realist

How Devon Energy Will Benefit from Higher Crude Oil PricesMarket RealistOn November 30, 2016, OPEC (Organization of the Petroleum Exporting Countries) agreed to cut production by 1.2 million barrels per day. Non-OPEC producers, along with Russia, have also agreed to cut production, by 0.6 million barrels per day. This was ...and more »

Oil firms as focus returns to output cut compliance - Investing.com;

Oil firms as focus returns to output cut compliance - Investing.com

Investing.comOil firms as focus returns to output cut complianceInvesting.comInvesting.com - Oil firmed Tuesday as the focus returned to compliance with agreed output cuts. Brent crude was up 16 cents, or 0.29%, at $55.39 at 08:00 ET. U.S. crude gained 18 cents, or 0.34%, to $52.93. Iraq is reportedly close to complying with an ...and more »

OPEC + Russia Agree On ''Monitoring Mechanism'' - OilPrice.com;

OPEC + Russia Agree On ''Monitoring Mechanism'' - OilPrice.com

OilPrice.comOPEC + Russia Agree On ''Monitoring Mechanism''OilPrice.comAt a meeting in Vienna yesterday, Saudi Arabia, Russia, Venezuela, Algeria, Oman, Qatar, and Kuwait agreed on a mechanism to monitor the rate of compliance with the crude oil production cut agreement sealed at the end of last year as an effort to ...and more »

Oil up as OPEC cuts drain stocks - BNN;

Oil up as OPEC cuts drain stocks - BNN

BNNOil up as OPEC cuts drain stocksBNNOil 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.and more »

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

Is China''s Oil Demand Growth At Risk?Seeking AlphaIn 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 ...and more »

What Does 2017 Hold for Oil Prices? - Motley Fool;

What Does 2017 Hold for Oil Prices? - Motley Fool

Motley FoolWhat Does 2017 Hold for Oil Prices?Motley FoolThere are a lot of questions facing oil prices in 2017, but most signs point to oil heading higher for the second straight year. Travis Hoium. (TMFFlushDraw). Jan 24, 2017 at 8:10AM. 2016 saw a sharp rise in oil prices, bouncing off of lows that would ...and more »