- Joe Barone, Shale Directories
- Blog
- October 10, 2019
Oil mixed amid military action in Syria, rising inventories
Crude oil prices were mixed Wednesday as Turkey launched an offensive in Syria that could disrupt the region’s crude production, and on hopes of progress in the U.S.-China trade war, but a build in U.S.- Joe Barone, Shale Directories
- Blog
- October 9, 2019
Brent to average $60/Bbl in 2020: STEO
Brent crude oil spot prices will average $59 per barrel in the fourth quarter of 2019, then fall to $57/Bbl by the second quarter of 2020, $5/Bbl lower than forecast one month ago, the Energy Information Administration reported Tuesday in its October Short-Term Energy Outlook (STEO).- Joe Barone, Shale Directories
- Blog
- October 7, 2019
Crude prices flat as US-China trade talks near
Crude oil prices ended Monday’s trading session little changed as U.S.-China trade talks are slated to resume later this week, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 3, 2019
Oil slides as US inventories build
Crude oil prices fell Wednesday after Energy Information Administration data showed a third straight week of higher U.S. crude inventories, adding to worries about an oversupplied market as weak economic data in the U.S.- Joe Barone, Shale Directories
- Blog
- October 2, 2019
Oil slips as weak US economic data hurts demand outlook
Crude oil prices slipped Tuesday, pressured as weak U.S. economic data hurt crude’s demand outlook, while reports of a third-quarter output decline from the world’s largest oil producers kept prices from falling further.- Joe Barone, Shale Directories
- Blog
- September 27, 2019
Oil edges lower as supply concerns weigh on price
Crude oil prices fell Thursday as new details connected to the impeachment inquiry into U.S. President Trump weakened demand sentiment, while moves to quickly restore Saudi output after attacks on its oil infrastructure promised more oil supply.- Joe Barone, Shale Directories
- Blog
- September 25, 2019
Oil plummets after Trump ratchets up US-China trade war
Crude oil prices fell 2% Tuesday as President Trump fanned market fears China-U.S. trade tensions are far from settled amid ongoing negotiations, a negative sign for oil demand growth.- Joe Barone, Shale Directories
- Blog
- September 24, 2019
Oil rises on Saudi supply concerns
Crude oil rose slightly Monday, after gaining nearly 7% last week, as lingering concerns over global supplies following the Sept. 14 attack on Saudi oil facilities offset prospects for a faster-than-expected restoration of the kingdom’s output and on signs of European economic weakness.- Joe Barone, Shale Directories
- Blog
- September 20, 2019
Crude oil prices rise slightly
Crude oil prices rose slightly Thursday, supported by supply risks brought about by last weekend’s drone attacks on Saudi oil infrastructure and a cut in U.S.- Joe Barone, Shale Directories
- Blog
- September 17, 2019
US consumers will see ‘sticker shock’ at gas pump: analyst
U.S. gasoline prices will increase roughly 20 cents per gallon because of the recent attacks in Saudi Arabia, oil analyst Andy Lipow predicted Monday, on CNBC.- Joe Barone, Shale Directories
- Blog
- September 16, 2019
Trump authorizes release of oil reserves, line approvals
U.S. President Trump said Sunday he’s authorized a fast-track approach to pipeline approvals in Texas and other states following the attacks on Saudi oil facilities Saturday, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 13, 2019
Oil prices fall on US-China trade doubts, Opec+ talks
Crude oil prices fell Thursday after a media report cast doubt on the possibility of an interim U.S.-China trade deal and as a meeting of the Opec+ producer alliance yielded no decision on deepening crude supply cuts.- Joe Barone, Shale Directories
- Blog
- September 12, 2019
Prices fall after larger-than-expected drop in crude inventories
U.S. crude oil prices fell Wednesday after a sharp drop in U.S. crude stocks and Opec member Iraq said the cartel would discuss deepening output cuts amid ongoing demand concerns.- Joe Barone, Shale Directories
- Blog
- August 23, 2019
Global growth fears, Fed comments weigh on crude
Crude oil prices slipped Thursday, as worries about the global economy weighed and equity markets were under pressure as uncertainty over the outlook for U.S.- Joe Barone, Shale Directories
- Blog
- August 8, 2019
Oil plummets on fears of global slowdown
Crude oil prices fell more than 4.3% Wednesday, to a seven-month low, extending recent heavy losses following a surprise build in U.S.- Joe Barone, Shale Directories
- Blog
- August 7, 2019
Crude oil falls as US-China trade tensions impact
Crude oil prices fell slightly Tuesday, with Brent crude remaining near seven-month lows just below $60 a barrel due to growing trade tensions between China and the U.S., Kallanish Energy reports President Trump is vowing to impose new tariffs on Chinese imports, and China is retaliating by making further moves against U.S.- Joe Barone, Shale Directories
- Blog
- August 2, 2019
Oil plunges on Fed outlook, ample supply
Crude oil prices plunged Thursday for the first time in six days, after the U.S. Federal Reserve cooled hopes for a string of interest rate cuts, while rising U.S.- Joe Barone, Shale Directories
- Blog
- July 31, 2019
Crude rises on expectations of Fed rate cut, supply drawdown
Crude oil prices rose Tuesday, on track to close at a two-week high, on optimism the U.S. Federal Reserve will cut interest rates this week for the first time in more than 10 years, boosting demand expectations in the world’s biggest oil user.- Joe Barone, Shale Directories
- Blog
- July 26, 2019
Crude rises on US stock decline, but manufacturing slowdown caps gains
Crude oil prices rose slightly Thursday amid Middle East tensions and a big fall in U.S. crude stockpiles, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 25, 2019
Oil falls despite big draw in inventories, Mideast tension
Crude oil prices fells Wednesday despite Energy Information Administration data showing a big draw in U.S. crude inventories, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 23, 2019
Crudes up more than 1% after Iran seizes British tanker
Brent and West Texas Intermediate crudes rose more than 1% Monday, as investors worried about possible supply disruptions in the Middle East after Iran’s seizure of a British tanker last week, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 18, 2019
Crude oil slips after US fuel inventories grow
Crude oil futures fell Wednesday, extending a more than 3% drop in prices durting Tuesday’s session, after U.S. government data showed large builds in refined product stockpiles, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 17, 2019
Oil drops after Pompeo says Iran ready to negotiate
Crude oil prices dropped more than $2.45 a barrel Tuesday, as President Trump said progress has been made with Iran, signaling tensions could ease in the Mideast, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 5, 2019
Oil prices fall on slowing US demand, economic concerns
Crude oil prices fell Thursday, weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles and worries about the global economy, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 30, 2019
Oil falls after vow to normalize trade with Iran
Crude oil prices fell just before the settlement Friday after the remaining parties to the Iran nuclear deal vowed to help normalize trade with the country.- Joe Barone, Shale Directories
- Blog
- June 24, 2019
WTI, Brent crudes rise Friday, for week
Crude oil futures rose Friday, with U.S. West Texas Intermediate up more than 9% for the week and Brent crude gaining 5%, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 21, 2019
Crude oil surges after Trump says Iran made big mistake
Crude oil jumped Thursday after Iran shot down a U.S. military drone, prompting President Trump to blast Tehran on Twitter, Kallanish Energy reports. U.S.- Joe Barone, Shale Directories
- Blog
- June 20, 2019
Crude oil settles down as US Fed holds rates steady
Crude oil prices were little changed Wednesday after the U.S. Federal Reserve said the central bank will hold interest rates steady, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 18, 2019
Crude oil settles up on hopes trade talks resume
Crude oil prices domestically and worldwide rose more than $1 a barrel Tuesday after U.S. President Trump said he would hold an extensive meeting with Chinese President Xi Jinping at the G20 summit later this month, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 17, 2019
Crudes rise Friday on Iran tensions, but posts weekly loss
West Texas Intermediate and Brent crudes rose Friday after attacks on two oil tankers in the Gulf of Oman last week raised concerns about potential supply disruptions, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 12, 2019
Crude little changed as Opec+ cuts counter growth concerns
Crude oil prices were little changed Tuesday, continuing to be negatively impacted by concerns about a global economic slowdown that could lower crude demand, but supported by expectations Opec+ will extend its supply curbs, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 11, 2019
US, Brent crudes fall amid supply-cut uncertainty, US-China tariffs
Crude oil prices settled lower Monday after a choppy trading session, as Saudi Arabia and Russia have not yet agreed to extend the Opec+ output-cutting deal, and U.S.-China trade tensions continued to threaten crude demand, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- June 7, 2019
Oil rallies with stocks after report US may delay Mexican tariffs
Crude oil futures turned sharply higher heading into Thursday’s settlement, tracking a rally in equities on a report the Trump administration may delay Mexican import tariffs, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 6, 2019
Crude oil plummets after US crude stockpiles surge
Crude oil prices plummeted Wednesday, with futures falling to their lowest since January, after the Energy Information Administration reported an unexpected surge in the nation’s crude inventories, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 5, 2019
WTI, Brent crudes rise on Fed comments
Crude oil prices rose Tuesday, following a rally in global stock markets, with Brent crude recovering from a four-month low briefly touched earlier in the session, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 31, 2019
Crude plunges nearly 4%
Crude oil prices plunged Thursday on a smaller-than-expected decline in U.S. crude inventories and fears of a global economic slowdown due to the U.S.-China trade war, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- May 29, 2019
US crude prices settle up due Midwest flooding
U.S. crude oil futures gained nearly 1% Tuesday after flooding throughout the Midwest constricted crude flow from the storage hub in Cushing, Oklahoma, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- May 28, 2019
Oil rises on Mideast tensions, supply cuts
Crude oil prices rose Monday, supported by Middle East tensions and Opec+ supply cuts, as well as continued crude disruptions from Russia after a pipeline contamination problem discovered last month, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- May 17, 2019
US, Brent crudes rise on Middle East tensions
Crude oil prices jumped as much as 2% Thursday as tensions in the Middle East grew, with a Saudi-led coalition launching air strikes in retaliation for recent attacks on its oil infrastructure.- Joe Barone, Shale Directories
- Blog
- May 16, 2019
Oil rises as market shrugs off jump in US crude inventories
Crude oil futures rose slightly Wednesday as worries that rising tensions in the Middle East could impact global supplies overshadowed an unexpected rise in U.S.- Joe Barone, Shale Directories
- Blog
- May 15, 2019
Crude prices mixed as hope lingers for U.S.-China deal
Crude oil prices were mixed Tuesday as tensions in the Gulf appeared to stop short of a military showdown and both sides in the U.S.-China trade talks sounded conciliatory tones, signaling a deal may be possible, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 8, 2019
Oil plummets 1+%, as U.S.-China trade war intensifies
Crude oil prices dropped Tuesday as renewed doubts of a U.S.-China trade pact stoked concerns over global growth, while U.S. sanctions on Iran and Venezuela tightened supply and helped to curtail losses, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 6, 2019
Crude rises Friday, falls for the week
Crude oil prices inched up Friday, as strong U.S. economic data boosted demand feelings, and as production drops in sanctions-hit Iran and Venezuela tightened the market, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 2, 2019
Crude oil slips, as U.S. inventories jump
Crude oil prices slipped Wednesday after U.S. crude inventories soared to their highest point in 19 months, as production set a record, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 26, 2019
Oil prices fall, pull back from 6-month highs
Crude oil prices dropped Thursday after trading in a tight price range much of the day, Kallanish Energy reports. Brent crude earlier topped $75 per barrel for the first time in nearly six months, as quality concerns stopped some Russian crude exports to Europe, and the U.S.- Joe Barone, Shale Directories
- Blog
- April 25, 2019
Crude ends day mixed after big jump in U.S. inventories
Crude oil prices Wednesday ended the trading session near six-month highs after data showed U.S. inventories rose to the highest amount in 18 months, allaying concerns of tight supply resulting from Opec+ output cuts and U.S.- Joe Barone, Shale Directories
- Blog
- April 23, 2019
Oil surges after Trump says sanction waivers done
Crude oil prices surged Monday, hitting new 2019 highs, after the Trump administration announced all oil buyers will have to end imports from Iran, effective May 2, or be subject to U.S.- Joe Barone, Shale Directories
- Blog
- April 19, 2019
Crude rises on Saudi export cuts and lower U.S. inventories
Crude oil prices were slightly higher Thursday, as a drop in crude exports from Saudi Arabia and a drawdown in U.S.- Joe Barone, Shale Directories
- Blog
- April 18, 2019
Oil prices drop on China growth, lower U.S. crude stockpiles
Crufe oil prices dropped Wednesday after Brent crude hit a 2019 high above $72 a barrel, supported by steady economic growth in China and data showing U.S.- Joe Barone, Shale Directories
- Blog
- April 16, 2019
U.S., Brent crudes slip, as Russia talks output hikes
Crude oil prices fell Monday after Russia’s finance minister said Russia and Opec+ may boost production to fight the U.S. for market share, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 10, 2019
Crude prices fall as Russia suggests it will raise output
Crude oil prices fell Tuesday from five-month highs as Russian comments signaled the possible easing of the Opec+ supply-cutting deal overcame concern violence in Libya could tighten global markets, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 9, 2019
Crude hits 5-month high, as fighting threatens Libyan output
Crude oil prices rose to a five-month high Monday, on expectations for tighter global supply due to fighting in Libya, Opec+-led cuts and U.S.- Joe Barone, Shale Directories
- Blog
- April 5, 2019
Brent crude tops $70 for first time since November
Brent crude oil prices Thursday pushed through $70 per barrel for the first time in nearly five months, as expectations of tight global supply outweighed pressure from rising U.S.- Joe Barone, Shale Directories
- Blog
- March 29, 2019
WTI, Brent crudes shrug off Trump’s Opec tweet
Oil prices settled roughly flat Thursday, recovering from the day’s worst losses that came shortly after President Trump called for Opec to boost crude production to lower prices.- Joe Barone, Shale Directories
- Blog
- March 25, 2019
Crude drops from 2019 highs, settles down more than 1%
West Texas Intermediate and Brent crude oils fell more than 1% Friday, slipping further from 2019 highs reached earlier last week.- Joe Barone, Shale Directories
- Blog
- March 22, 2019
Crude settles pennies lower, near 4-month high, as supplies tighten
Crude oil dropped slightly Thursday, but held near 2019 highs, supported by a sharp tightening of global stocks, Opec production cuts and U.S.- Joe Barone, Shale Directories
- Blog
- March 20, 2019
Crude oil prices mixed after hitting new 2019 highs
Crude oil prices were little changed Tuesday after hitting 2019 highs earlier in the day, maintaining strength on expectations Opec+ will continue its production cuts.- Joe Barone, Shale Directories
- Blog
- March 19, 2019
Crude rises, supported by Opec supply cuts
Crude oil prices rose Monday, supported by the possibility of a longer-than-expected Opec+ crude supply cut and indications of inventory declines at Cushing, Oklahoma.- Joe Barone, Shale Directories
- Blog
- March 15, 2019