In this week’s petroleum and oil weekly report by the Energy Information Administration, there is an analysis of the record high distillate exports. The total U.S oil and petroleum stockpiles changed direction and fell for the first time in none…
Crude oil prices didn’t do much during the first four days of the week only to hike on Friday on account of the recent EU Summit. . The EU leaders decided that struggling EU banks (including in Spain) will be…
Crude oil prices continued with their comeback and both WTI and Brent oil rose on Wednesday. Natural gas Henry Hub (July delivery) and spot price also rose. Gold and silver prices didn’t do much on Wednesday as gold slightly increased…
In this week’s petroleum and crude oil weekly update by the Energy Information Administration, the U.S refinery capacity for 2011 and 2012 was examined. The report shows there has been a drop in the refineries capacity during 2011 mainly due…
Gold and silver prices changed direction and declined on Tuesday after they started off the week rising. Crude oil price (WTI) changed direction and edged up while Brent oil hiked and thus widen the gap between Brent and WTI. Natural…
Crude oil prices plummeted during last week mainly on Thursday after the FOMC revised down its projection on the U.S economy and in an effort to help jumpstart the economy only extended its operation twist without adding another expanding stimulus…
In this week’s petroleum and crude oil weekly report by the Energy Information Administration, the imports of gasoline into the U.S was analyzed. The report shows that imports were sluggish in recent months possibly due to shifts in supply &…
Crude oil continued to trade down during the previous week. The news from the U.S showed the U.S economy isn’t expanding: U.S retail sales edged down in May; U.S CPI and PPI also declined. OECD oil inventories also increased while…
In this week’s petroleum and crude oil weekly update by the Energy Information Administration, it was reported the EIA lowered it oil prices forecast. The total U.S oil and petroleum stockpiles slightly increase during last week by 1.1 million bl.…
According to the latest June report by the Organization of the Petroleum Exporting Countries vis-à-vis the recent changes in the oil market, the OPEC oil production remained nearly unchanged during May compared with April’s oil production levels. OPEC’s crude oil…