Increasing US production has reined in oil prices Despite data showing a strong draw in US crude stocks, oil prices dipped on Wednesday. Also impacting oil prices is data from the US Energy Information Administration showing a rise in US crude production and US oil exports. US WTI was down by 40 cents by 12:51 […]
Oil prices steady after jump in US crude exports to 2 million b/d Read More »
Oil prices rose earlier in the day on OPEC compliance news Oil prices dipped slightly on Tuesday as speculators cashed in on third quarter gains, but hopes that the global crude glut is being tackled lent some support. Brent crude fell 15 cents to $55.97/barrel by 2:29 p.m. EDT and US WTI was down 4
Oil prices mostly flat on profit taking after big Q3 gains Read More »
Expansion expected to add 1,500 barrels per day of production Osum Oil Sands Corp., a private oil sands company, announced it has approved the commencement of the Phase 2B expansion at its Orion Thermal Project, according to a press release. In conjunction with this, Osum, through its wholly-owned subsidiary, Osum Production Corp., sold a 4
Osum closes royalty sale to fund oil sands expansion Read More »
All regulatory conditions have been satisfied prior to closing Pembina Pipeline Corporation announced a business combination with Veresen Inc. to create one of the largest energy infrastructure companies in Canada, according to a press release. “With increased size and scale, the combined companies create a platform in which we can pursue expanded growth opportunities while continuing to
Oil prices down over $1/barrel US oil prices fell over $1/barrel on Monday on increased US drilling and higher OPEC output after a rally that helped boost prices to their highest third-quarter gain in 13 years. Benchmark Brent crude fell 74 cents to $56.05/barrel by 12:43 p.m. EDT and US WTI was down $1.19 to
Oil prices down on supply increase concerns Read More »
Oil prices on track for weekly gains Oil prices were mixed in trading on Friday, mostly due to profit taking in the wake of a price rally spurred by geopolitical instability in Iraqi Kurdistan. By 1:24 p.m. EDT, US WTI was up by 4 cents to $51.60/barrel, and is on track for its strongest third
Oil prices mixed on profit taking following price rally Read More »
Oil prices “due for a pullback”: Analyst Oil prices fell slightly in trading on Thursday, dropping from earlier gains that were fuelled by concerns about the Kurdistan referendum where citizens voted overwhelmingly in favour of independence, raising the spectre of a supply outage. WTI crude was down 76 cents to $51.38/barrel by 12:43 p.m. EDT
Oil prices stumble, retreat from earlier gains Read More »
Oil prices gains capped due to increasing US production On Wednesday, oil prices were mixed in trading despite a surprising drop in crude stocks reported by the US Energy Information Administration. US WTI rose by 26 cents to end the session at $52.14/barrel, and benchmark Brent dropped by 54 cents to $57.90/barrel. Both Brent and
Oil prices mixed, but below five-month highs Read More »
Oil prices down despite tighter supply concerns On Tuesday, profit taking by investors resulted in a drop in oil prices, despite threats from Turkey to stop crude exports from Iraq’s Kurdistan region from reaching Turkish ports, and from there, global markets. By 4:35 p.m. EDT, Brent crude had fallen 50 cents to $57.93/barrel and US
Oil prices fall from over two-year high on profit-taking Read More »
Oil prices up over 2 per cent Oil prices jumped on Monday to over two-year highs as investors and analysts digested the impact the OPEC supply cut agreement has had on tackling the global crude supply glut. Benchmark Brent crude rose to its highest since July, 2015 and was up $1.65 to $58.51/barrel by 1:09
Oil prices recover to July 2015 high as signs point to market rebalance Read More »
