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US <b>Crude Oil</b> Stocks Post Unexpected Rise Of 1.821 Mln Barrels

November 28, 2017 http://crude-oil.top/ 0

Investing.com – US crude stocks rose by 1.821 million barrels, the American Petroleum Institute (API) reported Tuesday, with gasoline supplies down by 1.529 million barrels and distillates up by 2.696 million barrels. Supplies at the oil storage hub at…

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US <b>Oil</b> Has One Fatal Weakness

November 28, 2017 http://crude-oil.top/ 0

Last year, 51 percent of the 8.4 million bpd of crude oil produced in the Lower 48 States was light oil, or less dense oil with an API gravity of 40.1 or above, EIA data shows. The higher the API gravity, the lighter the oil. So far this year, much of the lower 48 states’ crude oil production had 30.1 or higher …

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Rebound in <b>crude oil</b> prices a boon to economy as GDP stays consistent

November 27, 2017 http://crude-oil.top/ 0

Rebound in crude oil prices a boon to economy as GDP stays consistent … KUCHING: In tandem with the modest recovery in crude oil prices, Malaysia’s Gross Domestic Product (GDP) growth expanded on an incline starting in the third quarter of financial year 2016 (3QFY16) with growth breaching the …

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<b>Oil</b> prices could spike more than 25%, according to closely followed economist Jim O’Neill

November 27, 2017 http://crude-oil.top/ 0

Brent crude oil may surge to $80 a barrel in the next year, says economist Jim O’Neill. The market is waking up to robust global economic growth and is wary of geopolitical risk emanating from Saudi Arabia, O’Neill writes in Barron’s. O’Neill’s preferred measure of the market suggests a trend change is …

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<b>Oil</b> Industry Is To Blame For Unnatural Number Of Earthquakes In Texas

November 26, 2017 http://crude-oil.top/ 0

Despite recent drops in the price of oil, many residents of Andrews, and similar towns across the Permian, are trying to take the long view and stay optimistic. The Dow Jones industrial average plunged 540 points on Wednesday after crude oil plummeted …

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UPDATE 2-Saudi Aramco, SABIC plan to build $20 bln <b>oil</b>-to-chemicals complex

November 26, 2017 http://crude-oil.top/ 0

DHAHRAN, Saudi Arabia, Nov 26 (Reuters) – State oil giant Saudi Aramco and petrochemical producer Saudi Basic Industries Corp (SABIC) signed a preliminary deal on Sunday to build a $20 billion complex to convert crude oil to chemicals. The project, whi…

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New Iraqi pipeline planned to send Kirkuk <b>oil</b> to Turkey

November 26, 2017 http://crude-oil.top/ 0

Unidentified attackers on several occasions blew up the strategic Kirkuk-Ceyhan oil pipeline in Iraq’s northern Kirkuk province. Iraq is the second-largest crude oil producer in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia, and holds the world’s fifth-largest proven crude …

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