Oil prices

Oil rose for a second day on Wednesday, nearing its highest in six weeks after a surprise decline in U.S. inventories and as concern persisted over possible disruption to Middle East supply. more

Mar 21, 2018 10:04 AM Refining/Petrochemical

The market narrative consuming crude oil markets currently is the interplay between supply cuts by OPEC and its allies and rising U.S. shale output, with a side helping of Chinese imports driving demand. more

Mar 19, 2018 9:22 AM Refining/Petrochemical

Oil prices fell on Monday on expectations that U.S. output will rise this year, erasing earlier gains buoyed by lower weekly U.S. rig counts and falling U.S. unemployment. more

Mar 12, 2018 9:41 AM Refining/Petrochemical

U.S. gasoline consumption has leveled off as the stimulus provided by low and falling oil prices between 2014 and 2016 has faded, so refiners are increasingly turning to diesel and customers in emerging markets. more

Feb 20, 2018 9:49 AM Refining/Petrochemical

Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly losses in 10 months, as record-high U.S. crude output added to concerns about a sharp rise in global supplies. more

Feb 9, 2018 10:22 AM Refining/Petrochemical

Oil prices are unlikely to advance much higher than $70 a barrel in 2018, with the market caught between the opposing forces of OPEC-led production cuts and surging U.S. output. more

Jan 31, 2018 9:11 AM Refining/Petrochemical

Oil prices slid on Friday, putting them on course for the biggest weekly falls since October, as a bounce-back in U.S. production outweighed ongoing declines in crude inventories. more

Jan 19, 2018 9:19 AM Drilling & Exploration

Oil prices slipped on Wednesday as doubts set in about Russia’s willingness to substantially extend a deal among some of the world’s biggest exporters to curb output to help tackle global oversupply and support prices. more

Nov 29, 2017 9:56 AM Refining/Petrochemical

Oil extended gains on Wednesday, with U.S. crude hitting $58 a barrel for the first time since July 2015 as a major pipeline cut Canadian crude flows to the United States, where inventories are expected to have fallen further. more

Nov 22, 2017 9:30 AM Refining/Petrochemical

Oil prices fell for a fourth session on Wednesday, weighed down by worries that data would show U.S. crude inventories rising after this week’s gloomy global demand outlook from the International Energy Agency (IEA). more

Nov 15, 2017 9:44 AM Refining/Petrochemical

Oil eased slightly on Wednesday as Chinese crude imports fell to a one-year low, but losses were partly offset by investor caution over rising political tensions in the Middle East. more

Nov 8, 2017 12:11 PM Refining/Petrochemical

Global demand for OPEC’s crude will rise in the next two years more slowly than expected, the group forecast, as a recovery in prices resulting from an OPEC-led supply cut stimulates renewed output growth from non-members. more

Nov 7, 2017 10:16 AM Refining/Petrochemical

Oil prices hit their highest since July 2015 on Monday as Saudi Arabia’s crown prince cemented his power over the weekend with an anti-corruption crackdown, while markets continued to tighten. more

Nov 6, 2017 9:48 AM Refining/Petrochemical

Oil prices steadied on Tuesday after a week of gains as the prospect of increasing U.S. exports dampened bullish sentiment that has driven Brent to more than two-year highs above $60 per barrel. more

Oct 31, 2017 9:36 AM Refining/Petrochemical

Oil prices held on to last week’s gains on Monday, supported by supply disruptions in Iraq and a drop in U.S. drilling. more

Oct 23, 2017 9:33 AM Refining/Petrochemical

Oil prices firmed on Tuesday, building on gains made as fighting between Iraqi and Kurdish forces threatened supplies from northern Iraq while tension rose between the United States and Iran. more

Oct 17, 2017 10:05 AM Refining/Petrochemical

Oil prices slipped on Thursday as U.S. fuel inventories rose despite efforts by OPEC to cut production. more

Oct 12, 2017 9:36 AM Refining/Petrochemical

Texas Railroad Commissioner Ryan Sitton noted, “those of us in the industry have knowledge that most people don’t have,” adding that outside forces were to blame for a spike in gasoline prices in the aftermath of Hurricane Harvey. more

Oct 3, 2017 7:00 AM Refining/Petrochemical

Oil prices settled up 2 percent on Wednesday despite a rise in U.S. crude inventories, with the market heading for its largest third-quarter gain in 13 years. more

Sep 21, 2017 8:49 AM Tanks/Terminals/Storage

Oil prices slipped on Thursday, giving up some recent gains as the dollar strengthened ahead of a meeting of central bankers in Jackson Hole, Wyoming, which could signal changes to monetary policy. more

Aug 24, 2017 9:01 AM Emergency Response & Fire Rescue/Security

Industry Report Subscription