04302016Sat
Last update: Sat, 30 Apr 2016 08am

Americas

Markets - Energy - Americas

US crude production fell in January by 56,000 bpd to 9.179: EIA NEW YORK: US crude production January fell by 56,000 barrels per day to 9.179 million barrels, according to monthly data from the US Energy Information Administration. The January data showed declines in North Dakota and the offshore Gulf of Mexico, while production in Texas rose. Production for December was revised down by an additional 27,000 barrels to 9.235 million barrels, according to the EIA. Copyright Reuters, 2016 ...

Markets - Energy - Americas

Oil prices edge up on weaker dollar, US inventory data NEW YORK: Oil prices rose slightly Wednesday helped by official data showing a smaller-than-expected increase in US crude stockpiles as traders worry about the global oversupply.The Department of Energy (DoE) reported another rise in US commercial crude stockpiles last week, by 2.3 million barrels. Analysts had expected about three million barrels."It wasn't that much but it still puts us at another record level of crude oil and we still have way more than we need," ...

Markets - Energy - Americas

US natgas futures up near 5 pct as May becomes front-month US natural gas futures jumped almost 5 percent on Wednesday to their highest level since mid-February due to a front-month switch to the more expensive May contract from April as well as forecasts for more cool weather over the next two weeks.After rising 6 percent over the prior three trading days, front-month gas futures on the New York Mercantile Exchange closed up 9.3 cents at $1.996 per million British thermal units, pushing the contract into ...

Markets - Energy - Americas

Oil falls as investors grow cautious about rising supply NEW YORK: Oil prices fell more than 3 percent on Tuesday, reflecting growing concern that a two-month rally could fade as demand fails to keep up with swelling global supply including new output from Kuwait and Saudi Arabia. Kuwait and Saudi Arabia's decision to resume oil production at the jointly operated 300,000-barrels-per-day Khafji field, at a time when production is supposed to be frozen, triggered the heavy selloff in the oil markets, traders said. "The ...

Markets - Energy - Americas

Oil down in thin holiday trading; banks warn of $30 levels NEW YORK: Crude futures steadied on Monday as European markets observed the Easter break but sentiment in oil was generally soft with data showing hedge funds and other big speculators slow in building long positions despite a two-month long price rebound.Brent and U.S. crude's West Texas Intermediate (WTI) futures traded at under $40 a barrel as investment banks such as Barclays and Macquarie warned that market fundamentals were weak enough that prices could possibly return ...

Markets - Energy - Americas

Oil down in thin holiday trading; banks warn of $30 levels NEW YORK: Crude futures fell on Monday as European markets observed the Easter break while U.S. data showed hedge funds and other big speculators still slow to build long positions after the oil price rebound of the past two months.Brent and U.S. crude's West Texas Intermediate (WTI) futures traded at under $40 a barrel as investment banks such as Barclays and Macquarie warned that market fundamentals were weak enough that prices could possibly return to ...

Markets - Energy - Americas

Oil set for weekly loss as huge supplies cut short rally NEW YORK: Oil prices fell to below $40 a barrel on Thursday, on track to their first weekly loss in over a month, pressured by record high US stockpiles, weakening equity markets and a strong dollar.With crude futures losing as much as 6 percent since Tuesday's settlement - their biggest slide in two days since mid-February - analysts said the oil rally of the past five weeks that brought prices up from mid-$20 levels may ...