US Oil and Natural Gas News and Information
Most Asia markets up after oil surge, but India shares drop on conflict reports Thursday September 29th, 2016 05:38:00 AM
Most Asian markets closed higher on Thursday after an oil-price rally amid reports of potential production cuts, but India's shares dropped after reports that the Indian army conducted strikes against militants in the disputed region of Kashmir. Reuters ...
The Price of Oil Amid OPEC Agreeing to an Output Cut Thursday September 29th, 2016 02:15:00 AM
39:15 - Daniel Hynes, senior commodity strategist at ANZ, discusses OPEC's agreement to reduce oil output, what it means for the markets and his outlook for commodities. He speaks to Bloomberg's Haidi Lun on "Trending Business." (Source: Bloomberg)
Why OPEC Cut Should Mean Higher Oil, Higher Stock Market Wednesday September 28th, 2016 10:27:00 PM
Oil popped more than $3 from the lows of the day (as much as 7%) on news OPEC has agreed to a production cut. We’ve talked a lot throughout the year about the price of oil. When it collapsed to the $20s, it put the entire energy industry on bankruptcy watch.
Stocks off to quiet start as oil price surge slows Thursday September 29th, 2016 08:31:00 AM
U.S. stocks were wavering between small gains and losses early Thursday as a slide in healthcare and high-dividend stocks offsets gains in energy and materials companies. PepsiCo and ConAgra Foods were rising after strong quarterly earnings reports.
Vitol CEO says does not see tighter oil market before 2018 Wednesday September 28th, 2016 04:57:00 AM
He also expressed scepticism over the significance of a potential OPEC deal on freezing production. "If you freeze production at a level that is clearly above demand ... is that bullish?" Ian Taylor asked a Bloomberg conference in London. Investors were ...
Why OPEC’s Prospective Deal May Not Create a Lasting Oil Rally Thursday September 29th, 2016 11:32:00 AM
the first major agreement since the oil bear market began in 2014. But despite the surprise outcome, the price of crude was slightly lower on Thursday and many banks, including Goldman Sachs, GS-3.24 % Société Générale, SCGLY-3.48 % Jefferies and UBS ...
Oil prices barely higher as market questions OPEC’s preliminary deal Thursday September 29th, 2016 01:58:00 AM
Crude-oil prices fell Thursday, as the market digested news that the Organization of the Petroleum Exporting Countries has reached a preliminary deal to cut output, and questioned how such an agreement might work. The group reached an understanding at a ...
Oil Market Rejoices as OPEC Reaches an Informal Production Cap Agreement Thursday September 29th, 2016 11:26:00 AM
In an extraordinary turn of events, OPEC has agreed on Wednesday to a modest oil output cut for the first time since 2008. OPEC met on the sidelines of the International Energy Forum in Algeria which was being called an informal meeting between members.
Oil price and stock markets rise as Opec cuts crude output Thursday September 29th, 2016 05:11:00 AM
Apparent U-turn by Saudi Arabia means cartel will cut production for first time since 2008 in bid to reduce the global glut and boost revenues Oil and share prices have risen after Opec members struck a deal to limit crude output for the first time since ...
Oil marches higher as traders shrug off skepticism, Goldman calls $10 barrel hike by new year Thursday September 29th, 2016 11:18:00 AM
NEW YORK — Oil prices rose nearly 3 per cent today, extending their rally on optimism over OPEC’s first output cut plan in eight years, despite some analysts’ doubts that the reduction would be enough to rebalance a heavily over-supplied market.
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