Meanwhile, China'sdevaluationof its currency suggested that its economy might be weakening as well.7Since China is the world's largest oil importer, that was a huge hit to global demand and caused a negative reaction in crude oil prices. 5. Iran Makes a Deal In July 2015, the U.S. an...
Oil production in the United States is set to grow just 2.3% in the current year as shale producers stick to production discipline and goal to return capital to shareholders. Crude exports from U.S. ports have averaged 4.2 million barrels per day so far this year, up a mere 3.5% Y/Y ...
The oil and gas market dropped this week on a number of news items that seemed to hit the energy industry all at once. OPEC is increasing production, the U.S. economy may be slowing, and U.S. tariffs have become a topic once again.
“But if you squeeze in a couple of voyages at these rates, what happens is that all of a sudden, charterers find other ways [to move the oil] and they start accepting ships they didn’t accept last week,” said Burke. “People are not going to spend that much to move oil around ...
Oilprice.com: Crude oil has dropped from $108 a barrel in February to $84 today. Do you thinklow oil pricescould provide an economic stimulus? Jim Rogers: Certainly, it’s an economic stimulus for everybody who buys oil. There’s no question about that. On the other hand, for people ...
Why is the rupee depreciating against the dollar (70 INR/1 USD)? Is it a temporary phenomenon? What are the chances of the rupee to regain its value? What is the reason behind rupee depreciation in August 2013? When crude oil prices are falling currently then why rupee is also de...
Why did crude oil prices fluctuate in 1998-2018? Why are the gas prices falling in late 2015? Why is the petrol rate increasing? Explain the reasons for increase gasoline price. Why is there a drop in gas prices? Does an improve economy has a factor or is it something else?
Related: Falling Oil Prices Could Upend The OPEC Deal Secondly, the relative ease of finding a counterparty to fund bullishness. As was widely expected in the aftermath of the December OPEC cuts, higher crude prices encouraged producers to hedge their production forward, and in doing so hedge fu...
crude oil production may shrink is the falling number of operational oil rigs in the U.S. It was down to 1750 last week, 61 less than the week before and four less than a year ago. Oil output, however, is still at a record level. In the week that ended on Jan. 2, when the ...
Gasoline prices usually rise and fall with the cost of oil, and crude has also been dropping. The U.S. benchmark price is down nearly one-fourth since early June. Other factors are also behind this year’s roller-coaster ride in energy prices. WHAT IS HAPPENING? Gasoline prices hit ...