Gold Silver Reports (GSR) Crude Oil Retailers Extend Losses After Crude Hits Three-Year High – Shares of oil retailers were trading lower for second day in a row after crude oil prices in international markets rose to levels last seen in 2014.
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OPEC Must Rethink Plans as $60 Oil Brings New Glut, IEA Says
Gold Silver Reports – OPEC Must Rethink Plans as $60 Oil Brings New Glut, IEA Says — OPEC and other petro-states need to “reconsider” their output plans due to a fresh wave of U.S. shale oil, the head of the International Energy Agency said.
Crude Oil Above $80 Before Christmas?
Gold Silver Reports – Crude Oil Above $80 Before Christmas? – With oil prices trading near their highest level in two years, some traders are betting that the price rise could have more room to run.
Crude Prices Rise on Expected fall in US Inventories, Geopolitical Tensions
Gold Silver Reports – Crude Prices Rise on Expected fall in US Inventories – Brent oil prices rose to a three-week high on Wednesday as weekly US crude inventories are expected to have fallen steeply and geopolitical tensions around oil-rich Iraq and Iran raised risk premiums.
Double, Double Oil & Trouble
Gold Silver Reports — Double, Double Oil & Trouble — Opposites meet in politics, sometimes piquantly acro ssdecades. Union minister Alphons Kannanthanam’s remarks on fuel prices took me back to the early days of Bengal’s Left Front government.
Oil up on OPEC output Decline; U.S. Refinery Restarts
Gold Silver Reports — Oil up on OPEC output Decline; U.S. Refinery Restarts — Oil prices rose on Tuesday after OPEC forecast higher demand in 2018 and Russia and Venezuela confirmed their commitment to a production-cutting deal to reduce the global crude glut.
Brent Oil Continues to rise – Analysis – 12 April 2017
Brent oil price resumes its positive trading after leaning on the intraday bullish channel’s support yesterday, to support the continuation of the rise in the upcoming sessions, we believe that the way is open for heading towards the recently recorded top at 58.36 as a next main target.
Iran Will Cut Benefits on Oil Sales to Indian State Refiners
Gold Silver Reports ✅ — Iran will cut some benefits to Indian state-run refiners on crude purchases after the South Asian country decided to reduce the amount of oil it buys from the Persian Gulf nation, people with knowledge of the matter said.
CHINA TO REMAIN NET IMPORTER OF OILSEEDS IN MY 2016/17
Gold Silver Reports — China continues to be the largest oilseed importer in the world.In MY15/16, Chinas total oilseed imports reached 87.93 million tons (MMT). Chinese total soybean imports hit another record at 83.23 MMT, absorbing 61 percent of total world exports, and 59 percent of total U.S. soybean exports. United States Department of Agriculture (USDA) estimates this growing trend in soybean imports will continue and reach 86 MMT in MY16/17, and 89 MMT in MY17/18.
Oil Hit A Seven-Month High
Gold Silver Reports — Oil hit a seven-month high in New York on speculation that U.S. crude stockpiles declined last week while supply losses in Canada and Nigeria whittled away the global excess.