oil-pump
Oil dips on Canada output prospects, record U.S. stocks
May 11, 2016 by admin · Leave a Comment
By Simon Falush LONDON (Reuters) – Crude prices fell on Wednesday as oil sands production in Canada restarted after forced closures due to wildfires, and as already record-high inventories especially in the United States grew. U.S. West Texas Intermediate (WTI) futures were down 44 cents at $44.22 a barrel. A battle between Middle East producers for market share in Asia also weighed on prices, countering production declines and disruptions around the world.
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Oil dips on Canada output prospects, record U.S. stocks
oil-pump
Oil hovers near 11-year lows on abundant supply, slowing demand
December 29, 2015 by publisher · Leave a Comment
Oil prices steadied not far off their 11-year lows on Tuesday, under pressure from slowing global demand and abundant supplies, with Saudi Arabia signaling no change to its oil policies and Iran preparing to ramp up exports. International benchmark Brent and U…
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Oil hovers near 11-year lows on abundant supply, slowing demand