Crude oil prices bounced back from their tumble during the previous week. On Thursday Bernanke testified in the Senate; he voiced his concerns around the European debt crisis as it may affect the US economy but he didn’t say he has any…
In this week’s petroleum and crude oil weekly update by the Energy Information Administration, there is an analysis on the U.S oil inventories. The total U.S oil and petroleum stockpiles rose during last week by 6.8 million bl. On the…
Crude oil prices plunged during last week. The disappointing U.S reports including the revised down U.S GDP, the decline in the growth rate of the manufacturing PMI and lower than expected growth in U.S employment may have contributed to the…
In this week’s petroleum and oil weekly report by the Energy Information Administration, there is an analysis of the changing patterns in the U.S crude oil imports. The total U.S oil stockpiles increased during last week by 5.5 million bl.…
Crude oil prices edged down again during most of the week. The rise in the U.S stock markets along with the slightly positive news on the rise in the U.S new home sales and increase in core durable good may…
In this week’s petroleum and oil weekly update prepared by the Energy Information Administration, there is an analysis of the developments in the West Coast gasoline markets which should bring some relief to the currently high gasoline prices. The total…
Crude oil prices continued their downward trend as both Brent and WTI were traded down during most of the week. The disappointing news of the drop in the Philly Fed index may have been among the factors to drag down…
In this week’s petroleum and oil weekly update done the Energy Information Administration, it was stated that the current crude oil inventories located at the Cushing, Oklahoma storage hub are at a record high levels of 45.1 million barrels. The…
Crude oil prices continued their descent and declined again during last. The news from OPEC of the steady rate of OPEC’s oil production and the rise in OECD oil inventories is plausibly a sign that crude oil prices, from the…
According to the latest May report by the Organization of the Petroleum Exporting Countries regarding the recent developments in the oil market, the OPEC oil production slightly increased again during April compared with March’s oil production levels. This rise was…