Connect with us

Commodities

Oil prices mixed on US crude stock data

Published

on

Oil Opens a New Window. prices were mixed on Tuesday ahead of data expected to show U.S. crude stocks Opens a New Window. declining, outweighing investors’ concerns that U.S.-China trade tensions Opens a New Window. could dampen fuel demand. – Foxnews.com

why isn’t oil surging back to $100 a barrel?

The principal reason is global oil traders are more worried about the slowing global economy, which on their modeling translates to falling demand and prices.

The other big difference from earlier shocks is the rapid shift of the US from energy importer to exporter.

By late last year, the US powered past both Russia and Saudi Arabia to be the largest oil producer on the planet.

The US shale producers have proved themselves to be nimble at either ramping up or down production, responding quickly to price changes in the global market. – https://www.abc.net.au

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Aramco

Crude oil prices could plunge lower

Published

on

By

Saudi Arabia has restored half of the crude product that was lost to devastating attacks on its oil industry, and the kingdom said output will be fully restored by the end of this month.

If we don’t see any new drone attackS on Saudi oil infrastructure we could see Crude oil prices going even lower. Before the oil attacks against Saudi oil infrastructure, the Crude oil prices were already heading lower.

Continue Reading

Commodities

No need to tap into Strategic Petroleum Reserve

Published

on

By

Harold Hamm, chairman, and CEO of Continental Resources on the drone wars and oil volatility.

Continue Reading
Advertisement Oilfield Forums Oilfield Forums
Advertisement Oilfield Forums
Advertisement

Fracking Categories

Tags

Trending