FILE PHOTO: A drilling rig of Austria's oil and gas group OMV is seen at their exploratory drilling site near Maustrenk, Austria October 9, 2018. REUTERS/Leonhard Foeger/File Photo
Brent crude oil futures were at $71.40 a barrel at 0015 GMT, down 15 cents, or 0.2 percent, from their last close. Brent closed up 1 percent on Friday when prices hit a high of $71.87 a barrel, the highest since Nov. 12. The head of Libya’s National Oil Corp warned on Friday that renewed fighting could wipe out crude production in the country.
The Organization of the Petroleum Exporting Countries and its allies meet in June to decide whether to continue withholding supply. OPEC, Russia and other producers, an alliance known as OPEC+, are reducing output by 1.2 million bpd from Jan. 1 for six months.
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Fresh violence in Libya could provide new shock to oil marketsBrent and WTI oil futures are at their highest price since November last year. So, we're running away? They started the fire , why run away?
Source: CNBC - 🏆 12. / 72 Read more »
Fresh violence in Libya could deliver a new shock to oil marketsThe small number of U.S. troops in Libya assisting local forces in fighting al-Quaida have been pulled from the capital city due to 'security conditions on the ground.' The US destroys anything it touches .. As usual when they hear battles when the video is off they scream like little girls,'shots fired,say again,shots fired' then get the hell out of dodge! Pansies masquerading as marines just security guards abroad with tactical torches
Source: CNBC - 🏆 12. / 72 Read more »
Oil shares jump after Chevron buys Andarko and merger fever hits oil patchChevron's $33 billion acquisition of Anadarko sparked speculation the oil patch will see a new wave of consolidation as major players look to build scale and lower costs in the shale sector.
Source: CNBC - 🏆 12. / 72 Read more »
Oil shares jump after Chevron buys Anadarko and merger fever hits oil patchChevron's $33 billion acquisition of Anadarko sparks speculation the oil patch will see a new wave of consolidation. APC turns down $70. per share from OXY for a $65 from CVX? WTF? as a shareholder why dont we get a say? Get the jump on what this means for the average American with no oil stock. I have a feeling nothing will be trickling our way. USFunds And oil refiners will celebrate by raising the price of gasoline for everyone, in order to record a 6th record-breaking profit year in a row
Source: CNBC - 🏆 12. / 72 Read more »
Oil climbs to five-month high amid OPEC cuts, U.S. sanctions and Libya fightingOil prices rose to their highest level since November 2018 on Monday, driven upw... the opec cuts are as big as the extra production of US
Source: Reuters - 🏆 2. / 97 Read more »
Oil at five-month highs amid OPEC-led supply cuts, U.S. sanctionsOil prices rose to their highest level since Nov. 2018 on Monday, driven up by O... Portends higher U.S. consumer energy costs and consequently lower disposable income and ultimately a recession. Sell assets, raise cash and hunker down. Brace! Unleaded gas at $4.34 a gallon today. This is the second time I’ve had to outspend my income tax dividend. Trump’s Saudi Arabia friends are screwing us, thanks Jared.
Source: Reuters - 🏆 2. / 97 Read more »
Oil won't be going back up to $80 levels, Goldman Sachs' commodities head Jeff Currie saysOil won't be returning to the peak levels it saw last year when global benchmark Brent Crude hit $86 a barrel, Goldman Sachs' top commodities analyst said Monday. And Grass is Purple Agreed Please put a mussel on Joe Kernan or connect him to something that TAZES him every time he interrupts people he's supposed to be interviewing. It makes the show unbearable. Just another Fox 'opinion piece'. LET PEOPLE ANSWER and get off the pedestal. Or just fire Joe Kernan !
Source: CNBC - 🏆 12. / 72 Read more »
Oil edges higher amid tightening global supply, gains capped by economic slowdownOil prices crept higher on Wednesday, supported by supply cuts by producer club ... Trump Purges Homeland Security Leadership DHS SecretService KirstjenNielsen StephenMIller Trump again punishing Americans SoCal gas signs, almost all I saw yesterday the price starts with the number $4.00 something all three prices on the signs per gal. Working it's way to $5.00 a gal. Nice job trump. How much money did you make off of the gas prices this week.
Source: Reuters - 🏆 2. / 97 Read more »
UK culture minister says Brexit Labour talks to continue on MondayBritain's culture minister Jeremy Wright said the government would continue... Chatting is The Appropriate Way to Pull UK in Abyss They voted for Brexit. So much for their BS democracy. But it's never gonna happen lmfao.. May is not trying to leave and by wanting to get euro skeptic Corbyn on board means it's a dying venture..bye bye brexshit
Source: Reuters - 🏆 2. / 97 Read more »