- U.S. thirst for European gasoline stalls, casting shadow on demand
June 29, 2017
Europe's steady exports of gasoline to the United States have slowed substantially this year as tanks filled in the world's largest consumer nation and once-meteoric demand growth slowed.
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- Goldman slashes 3-month oil price forecast by $7.50
June 29, 2017
Goldman Sachs is slashing its three-month price forecast for WTI to US$47.50 a barrel from US$55, seeing output gains in Libya and Nigeria as jeopardizing OPEC’s efforts to reduce global inventories, so the cartel may have to cut deeper in order t...
- Oil prices and rig count: vital offshore drilling indicators
June 27, 2017
For the week ending June 23, 2017, oil prices fell below $45 per barrel. Oil prices touched $45 for the first time in 2017. Also, oil prices fell for the fifth consecutive week. Oil prices have fallen almost 20% since the beginning of the year.
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- Oil gains after falling to bear market as U.S. supply rises
June 22, 2017
Oil prices recovered after falling into a bear market amid speculation rising U.S. output will blunt OPEC-led efforts to trim a global glut.
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- Fuel oil margins rise to five-year high, potential boon for simple refiners
June 21, 2017
Fuel oil profit margins have surged to their highest in more than five years on lower supplies and rising demand from electric power generators, which may push some refiners to increase their runs.
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