News Archive for: April 2015

As the oil patch grows accustomed to a new world of $50 to $60 crude, it’s now looking ahead to a different but equally daunting sort of cliff.Oil companies are warning there will be a price to pay — a much higher price — for all the cost cutting…

Industry leaders at the World Economic Forum on East Asia have said they expect oil prices to rise further.

The leaders, meeting in the Indonesian capital, Jakarta, said the long-term view was that demand for oil is growing.

Oil prices are around their highest levels for the year.

The price of Brent…

Oil prices eased on Tuesday on expectations of another rise in US stockpiles and as Saudi Arabia keeps output near record highs, but prices remained near a 2015-peak reached last week.Crude prices have climbed about 18% since the start of April on speculation about falling US output after the…

Oil prices rose on Monday, extending last week’s gains as a drop in the number of US rigs drilling for crude pointed to lower supply later in the year, while China’s latest stimulus measure also underpinned the market.US oil drilling rigs fell for a record 19th straight week to…

Crude futures fell from 2015 peaks in choppy trading on Friday, but Brent’s 9.6% weekly gain was its biggest in more than five years as Middle East turmoil and signs of lower US production lifted prices.US crude also retreated from its 2015 high, but registered a fifth straight weekly…