Energy Financial

Oil prices dip on expected crude stocks increase

Oil prices dip on expected crude stocks increase

Oil prices buoyed by OPEC talks Friday Oil prices retreated from their near five-month highs on Tuesday as investors await data expected that is to show an increase in US crude stocks in the wake of Hurricane Harvey. By 1:47 p.m. EDT, benchmark Brent crude had fallen by 55 cents to $54.93/barrel and US WTI […]

By September 19, 2017 0 Comments Read More →
Oil prices mixed, IEA official says price volatility set to return

Oil prices mixed, IEA official says price volatility set to return

IEA official says not impossible to see a return to high oil prices On Monday, US crude oil prices hovered around $50 per barrel even though traders were bracing for reports of a build up of crude stocks expected later this week due to a slow return to operations at a number of US Gulf […]

By September 18, 2017 0 Comments Read More →
Oil prices near five-month high on IEA report, refineries restart

Oil prices near five-month high on IEA report, refineries restart

Oil prices down slightly Friday Oil prices remained close to five-month highs in Friday trading and were on track for their largest weekly gain since late July after the International Energy Agency forecast rising crude demand and refineries shuttered by Hurricane Harvey slowly come back online. Benchmark Brent crude way down by 10 cents to […]

By September 15, 2017 0 Comments Read More →
Oil prices up on tighter oil market, increased demand

Oil prices up on tighter oil market, increased demand

Oil prices briefly touch five-month high Oil prices rose on Thursday, one day after the International Energy Agency released its report forecasting a tighter crude market due to increased demand. By 2:25 p.m. EDT, Brent crude was up by 35 cents to $55.51/barrel, after touching a five-month high of $55.99 earlier in the session. ¬†US […]

By September 14, 2017 0 Comments Read More →
Oil prices up on OPEC 2018 demand estimates, lower output

Oil prices up on OPEC 2018 demand estimates, lower output

Oil prices up slightly Tuesday Oil prices rose slightly in trading on Tuesday after OPEC released its forecast for 2018 crude use showing higher demand next year. The cartel also reported its output fell in August. The monthly report from OPEC said Hurricanes Harvey and Irma will have “negligible” impact on oil demand. By 1:57 […]

By September 12, 2017 0 Comments Read More →
Oil prices mixed as Harvey, Irma impacts still being assessed

Oil prices mixed as Harvey, Irma impacts still being assessed

Possible OPEC deal extension helps prop up oil prices Oil prices were mixed in trading on Monday as investors weighed the impact of Hurricane Irma on energy demand in Florida and the extent of damage to oil refineries located on the US Gulf Coast caused by Hurricane Harvey in late August. By 1:43 p.m. EDT, […]

By September 11, 2017 0 Comments Read More →
Oil prices mixed after Harvey, now Hurricanes Irma, Jose set to batter demand

Oil prices mixed after Harvey, now Hurricanes Irma, Jose set to batter demand

Oil prices up on signs of market rebalancing Oil prices rose slightly on Thursday despite data from the United States Energy Information Administration showing an increase in US crude stocks. Benchmark Brent crude was up by 11 cents to $54.31/barrel by 12:55 p.m. EDT and US WTI was down 11 cents to $49.05/barrel. According to […]

By September 7, 2017 0 Comments Read More →
Pengrowth sells remaining Swan Hills properties for $150 Million

Pengrowth sells remaining Swan Hills properties for $150 Million

Properties have 31 million boe of proved plus probable reserves Pengrowth Energy Corporation announced it entered into a sale of its remaining Swan Hills assets in North Central Alberta for total cash consideration of $150 million, according to a press release. When combined with the approximate $18 million deposit from the initial sales process which […]

By September 7, 2017 0 Comments Read More →
Oil prices up as refineries restart after Harvey, traders wary of Hurricane Irma

Oil prices up as refineries restart after Harvey, traders wary of Hurricane Irma

Oil prices up as refineries put squeeze on supplies in the Gulf On Wednesday oil prices rose on strong global refining margins and the restarting of US Gulf Coast refineries shuttered during the onslaught of Hurricane Harvey. With Category 5 storm Hurricane Irma hot on Harvey’s trail, traders remain concerned that the storm could knock […]

By September 6, 2017 0 Comments Read More →
Oil prices up, gasoline futures down on Houston refineries restart

Oil prices up, gasoline futures down on Houston refineries restart

Oil prices up as OPEC signals supply deal may be extended Oil prices rose and gasoline futures fell by about 3 per cent on Tuesday as US Gulf Coast refineries impacted by Hurricane Harvey gradually restart, boosting crude demand and easing fuel supply fears. US WTI was up by $1.32 to $48.61/barrel by 2:03 p.m. […]

By September 5, 2017 0 Comments Read More →