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US might become a net energy exporter by 2026
The United States has been a net energy importer since the 1950s, but the latest report from the EIA suggests that’s about to change.
read more... 10/01/2017
Daily: British gas prices rebound due to an unplanned outage
Oil prices declined slightly on Wednesday as investors doubted that OPEC will agree to an output reduction large enough to curb significantly the global glut of oil as U.S. drilling increases. Oil prices oscillated thorough the day, opening lower in the morning and later shortly turning positive after the EIA said U.S. crude inventories unexpectedly declined 1.3 million barrels last week after three consecutive weeks of rises. Brent crude futures lost 17 cents, or 0.35 percent to settle at $48.95 a barrel. The U.S. WTI crude oil futures fell 7 cents, or 0.2 percent, to end at $47.96 a barrel.
read more... 24/11/2016
Daily: Crude oil futures at highest level in two weeks aftermath a massive fall in U.S. stocks
Crude oil futures posted their highest level in at least two weeks on Thursday, after the U.S. EIA revealed the largest withdrawal in crude supplies since 1999. Oil prices also were lifted from Chinese data that indicated another big increase in the country’s crude imports. Brent crude for November delivery rose $2.01, or 4.2%, to settle at $49.99 a barrel on London’s ICE Futures exchange. West Texas Intermediate crude for October delivery gained $2.12, or 4.7%, to close at $47.62 a barrel on the New York Mercantile Exchange. The settlement for WTI was the highest since August 26 and highest for Brent since August 19.
read more... 09/09/2016
Daily: Crude oil prices decline 4% on U.S. pessimistic inventory data feeding glut
Crude oil prices declined over 4 percent on Wednesday, slashing most of the previous session’s gains, as a set of downbeat U.S. stockpiles data spurred fears about a global oversupply. U.S. crude inventories dropped less than expected last week, according to the Energy Information Administration (EIA). Brent crude lost $2.21, or 4.6 percent, to settle at $46.26 a barrel. U.S. crude eased $2.05, or 4.4 percent, to end at $44.75.
read more... 14/07/2016
Daily: Crude oil prices retreat from 2016 highs on Fed rate increase speculation
Crude oil prices retreated from 2016 highs and breaking a two-day hike on Wednesday, dragged down by a stronger dollar after the U.S. Federal Reserve unveiled it could increase rates next month. Brent and U.S. crude's West Texas Intermediate (WTI) futures had boosted closer to $50 a barrel on Wednesday after large gasoline and distillate withdrawals were announced by the U.S. Energy Information Administration (EIA). Brent crude eased 35 cents to settle at $48.93 a barrel. WTI fell 12 cents to close at $48.19 a barrel after hitting $48.95 - its highest level since mid-October.
read more... 19/05/2016