The Wall Street Journal reported that the free fall of oil prices will send shockwaves through “everything,” potentially impacting financial institutions, private equity firms and manufacturers. read more

MAR 10, 2020 - 5:50 am

Bloomberg reported that after a “tumultuous” year, oil markets are poised to have the largest year-over-year increase since 2016. read more

DEC 31, 2019 - 6:30 am

Bloomberg reported that OPEC’s decision to cut crude production caused oil investor optimism to rise to the highest level seen since the beginning of the slump. read more

DEC 19, 2016 - 7:14 am

Bloomberg reported that in Q3/16 the largest oil companies gained cash from operations of nearly $26 billion, a 67% increase from the previous quarter and more than twice the amount in Q1/16. read more

NOV 9, 2016 - 7:08 am

Bloomberg reported that oil refiners are increasing their demand for crude oil, reducing the current stockpiles. read more

AUG 11, 2016 - 7:10 am

According to a survey of analysts conducted by Bloomberg, global oil prices will rise to $57 a barrel on average in 2017. read more

AUG 2, 2016 - 7:22 am

Bloomberg reported that after crude oil reached a 2016 peak in early June, prices have fallen by more than 10%, causing oil producers to prepare for a downturn in the second half of the year. read more

JUL 18, 2016 - 7:04 am

Due to the oversupply, oil companies are asking tanker operators to reduce the speed of crude delivery, according to Bloomberg. read more

JAN 28, 2016 - 7:03 am

According to the Energy Information Administration, companies operating in U. S. shale formations will cut back production by 570,000 barrels a day in 2016, Bloomberg reported. read more

DEC 28, 2015 - 7:57 am

Bloomberg reported that U.S. crude production has continued to rise despite the collapse in oil prices. And for a market where prices are already under pressure from a glut of oil, that’s not a pretty picture. read more

MAR 17, 2015 - 7:34 am