Oil futures jumped Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen output reductions in June in an attempt to help drain the…
Posts published in “Oil & Gas”
Chesapeake Energy stated Monday it was unable to access financing and was contemplating a bankruptcy court shakeup of its more than $9 billion debt if oil…
Oil costs plunged Monday as concern over a persistent excess and financial gloom brought on by the coronavirus pandemic combined to cancel out support from…
The number of oil and gas rigs functioning in the U.S. is expected to reach an all-time low this week – mirroring data going back…
Oil prices steadied Thursday as knowledge showed China’s crude imports rebounded, but market watchers expect gains to be limited by the excess in supplies as…
Oil prices dropped Wednesday, ending a multi-day candle of gains, as investors focused on oversupply risks after U.S. crude inventories rose over expected amid a…
Oil prices leaped Thursday, extending steep gains in the earlier session on signs the U.S. crude glut is not rising as shortly as expected and…
U.S. oil costs leaped Wednesday, trimming some of this week’s losses after U.S. stockpiles surged less than expected, and on expectations, demand will increase as…
Oil prices plunged Tuesday again amid concern about tanking crude storage capacity worldwide and fears that fuel demand may recover slowly once nations ease bans imposed…
Oil prices slumped Monday on indicators that global oil storage is filling rapidly, raising concerns that output reductions won’t be fast enough to fully offset…