oil stocks
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Oil prices firm on optimism over declining stocks
EghtesadOnline: Oil prices firmed on Wednesday to hold near eight-week highs hit in the previous session, on expectations of a drawdown in U.S. stocks and as a rise in shale oil production shows…
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Oil prices inch down on high stocks, weak China factories survey
EghtesadOnline: Oil prices edged lower on Monday, undermined by a weak manufacturers survey out of China, and despite talk that OPEC-led crude oil output cuts could be extended when oil producers…
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Asia Stocks Drop as Yen Gains, Auto Shares Slump
EghtesadOnline: Asian stocks slipped, taking their cue from a weaker U.S. equities session, as a rising yen weighed on shares in Tokyo. Gold extended gains while oil held Monday’s losses.
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Oil Stocks Rise Regardless of Supply Adjustments
EghtesadOnline: OPEC said on Tuesday oil inventories had continued to rise despite the start of a global deal to cut supply and raised its forecast of production in 2017 from outside the group,…
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Oil overhang points to need for extended OPEC output cuts
EghtesadOnline: An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing the reduction for just six months means the producer…
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Oil dips on doubts over touted production cuts
EghtesadOnline: Oil prices dipped on Thursday on doubts producers would fully deliver on promises to cut output, although record U.S. automobile sales and falling crude stocks offered markets…
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U.S. crude oil stocks rise, while products draw down: EIA
EghtesadOnline: U.S. crude oil stocks unexpectedly rose last week, while gasoline and distillate product inventories dropped, the U.S. Energy Information Administration said on Thursday.
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Talks of Balance in Crude Market in H2 Illusionary
EghtesadOnline: Crude futures were on track for weekly losses on Friday as investors reassessed US data on oil stocks and excesses in oil products in Europe and Asia.