OPEC expects supplies from its rivals to increase by the most in five years in 2019, with extra oil from the United States alone sufficient to meet the growth in global demand.
July 11, 2018Government, Business, Fuel
OPEC Sees Rival Supplies Growing Most in Five Years in 2019
Business, Fuel
Explosion Occurs in Pipeline to Libya’s Biggest Oil Terminal
Libya’s oil industry revival suffered a setback Tuesday after an explosion at a pipeline carrying crude to the OPEC nation’s biggest export terminal. Oil rallied.
December 26, 2017Business, Equipment, Fuel
Oil Climbs to Two-Year High as Stockpiles Fall Before OPEC Meets
Oil climbed to a two-year high as U.S. industry data showed crude stockpiles resumed declines and investors awaited a decision by OPEC on extending output cuts.
November 22, 2017Business, Fuel
Oil Dips as Recent Rebound Seen Lending to Global Output Rise
Oil dropped as OPEC’s production increased last month, at a time when U.S. drillers are also ramping up.
October 2, 2017Business, Fuel
Oil Climbs From Seven-Week High on Signs US Stockpiles Plunged
Oil extended gains from the highest close in seven weeks as industry data showed U.S. crude stockpiles plunged, easing a glut.
July 26, 2017Business, Fuel
Oil Declines as OPEC’s Supply Is Seen at Highest Level This Year
Oil declined after tanker-tracker Petro-Logistics SA said OPEC’s supply in July will be the highest this year.
July 21, 2017Business, Fuel
Oil Steadies Amid Mixed Signals on US Crude Inventories
Oil was steady amid mixed signals on U.S. crude inventories, with industry data showing supplies increased last week while government statistics were expected to show a decline.
July 19, 2017Fuel
Oil Extends Rally as Record US Shale Drilling Boom Stutters
Oil extended the longest run of gains in six months after U.S. shale explorers paused a record drilling expansion in a sign the boom may be slowing down.
June 30, 2017