Crude oil prices evolved differently on Monday due to a weaker dollar, though a recovery in Libyan production put pressure on the market and an increase in U.S. drilling activity curbed price gains.
read more... 04/04/2017
Rosneft Group’s firm began drilling the first exploration well of Iraqi Block 12, as reported by the oil producer Monday.
read more... 20/02/2017
The EIA forecasts U.S. shale oil production to rise in March at the highest pace since May last year, given that energy companies are increasing their drilling activities, taking advantage from crude prices hovering over $50 a barrel.
read more... 14/02/2017
Crude oil prices tumbled on Monday as news of another weekly rise in U.S. drilling activity worried traders that production cuts from other producing nations may not be able to slash the global supply glut as much as had been expected.
read more... 31/01/2017
Crude oil prices retired on Friday, prolonging losses after figures indicated drilling is increasing in the United States, triggering investor concern about how effective OPEC and other producers will be at supporting prices by reducing supplies.
read more... 30/01/2017