Tag: Brent

Oil prices down amid rising rig count, soft US economic data

Prices have lost 15% this year.

Oil prices edge up after 5 pct fall, but outlook weak

August 4, 2015

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Oil prices edge up after 5 pct fall, but outlook weak

Brent fell 44 cents to $51.77 a barrel by 0213 GMT after touching an intraday…

Oil Drops to 4 Month Low After Chinese Market Drop

July 27, 2015

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Oil Drops to 4 Month Low After Chinese Market Drop

Meanwhile, data from Baker Hughes Incorporation disclosed that the number of US rigs actively drilling…

Oil prices continue falling over glut worries

July 24, 2015

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Oil prices continue falling over glut worries

Total US crude oil inventories were at 463.9 million barrels end last week.

Oil prices climb, but stay in bear market territory

July 24, 2015

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Oil prices climb, but stay in bear market territory

India Ratings and Research in a recent report said the Iran pact will lower insurance…

OPEC cuts oil demand forecast, says supply is too high

July 16, 2015

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OPEC cuts oil demand forecast, says supply is too high

The group, which controls roughly a third of world oil supply, said in its latest…

Oil prices still haven’t hit rock bottom, says International Energy Agency

July 13, 2015

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Oil prices still haven’t hit rock bottom, says International Energy Agency

At the same time, oil supply remains high. Though it is still unclear regarding the…

OPEC sees more balanced oil market in 2016

July 13, 2015

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OPEC sees more balanced oil market in 2016

At the same time, the Federal Reserve Chairperson Janet Yellen’s comments were less optimistic about…

July 12, 2015

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Oil prices look slippery

On Thursday, Greece made strict concessions on tax reforms in a €13 billion revised proposal…

July 12, 2015

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Oil prices to dive again, report says

Growth in United States shale oil supplies will stagnate to the middle of 2016 while…