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Crude Oil - Oil dips after forecast for record U.S. shale output
LONDON- Crude oil futures eased on Wednesday in light of the prospect of a continued boom in U.S. shale oil output, although with OPEC determined to restrict its own production to prevent a global sur...
Canadian Heavy Crude Slips With Pipeline Rationing Set to Rise
(Bloomberg) -- Heavy Canadian crude prices widened to the biggest discount against New York futures this year as pipeline-operator Enbridge Inc. reported that rationing on its heavy oil lines ...
Rupee slips 11 paise to 71.34 against US Dollar on crude oil scare
The rupee weakened by 11 paise to end 71.34 against the US dollar on Monday amid firming crude oil prices and persistent foreign fund outflows. Heavy selling in domestic equity markets also weighed on ...
Oil Price Fundamental Daily Forecast – Traders Adjusting to Battle Between OPEC-Led Cuts, Soaring U.S. Production
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower shortly before the regular session opening after early session strength failed to attract enough buye...
OPEC's Next Headache Is Brazil's Burgeoning Crude Output
... right time as the world’s oil market is hungry for the kind of oil that the pre-salt fields pump: medium-heavy crude, ideal for refining into diesel. The production cuts in OPEC and Canada ...