Oil price hike After losses of more than 7% for Brent crude, and 9% for WTI, last week, oil prices rebounded in Monday's session again, and rose more than 3%. By 09:50 am GMT, the price of the futures contract…
Continue ReadingAfter the Energy Agency's warnings about demand : Oil prices fell by about 1% during trading on Friday, after warnings from the International Energy Agency about slowing global demand growth for oil. A report on oil rig activity in the…
Continue ReadingWeekly oil inventories in the United States Prior to that, it was +6866K Gasoline +1039 vs -1786K experience. +3657K for distillates vs. +0.877K for exp Refinery utilization -0.4% vs. +0.5% in the previous year Cushing -1589K Late yesterday, API…
Continue ReadingBlack market operations caused damage to Ghana's oil sector, forcing a coordinated effort by the government and those concerned in the energy sector to crack down on illegal dealers. According to the local Ghana Web site, the Union of Oil…
Continue ReadingBefore the end of the session, oil continued to keep higher, up 2.8% at around $68.20. Let's review the production quota commitment figures for the current agreement before holding today's meetings: Let's start with the 13 OPEC member countries; I…
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